Company: TEAM
Filing Date: 2025-10-15
Form Type: DEF 14A
Source: 0001650372-25-000058
Chunk: 41

Company: Atlassian Corp
Filing Date: 2025-10-15
Form: DEF 14A
Chunk 41
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 their roles, and unvested equity values at the time of grant.

Performance Management Process and Connection to Fiscal Year 2025 Long-Term Equity Incentive Awards

Each September we use our performance management assessment framework and resulting individual assessments from the most recent fiscal year to inform the equity award amounts. The fiscal year 2025 awards granted in September 2024 were based on our performance assessment outcomes from fiscal year 2024.

Our performance management assessment framework follows a robust process to assess each individual against performance and development objectives. All performance assessments and long-term incentive outcomes were reviewed by the CLDC in consultation with our CEO. This approach further reinforced the link between performance and pay, while continuing to deliver compensation that is tied to long-term stockholder value.

Annual Equity Awards for Fiscal Year 2025 Performance

In September 2024, we granted the following annual equity awards (with four-year ratable quarterly vesting) to our NEOs:

| Named Executive Officer |     | Target Value of Fiscal Year 2025 Awards |             |     | Number of RSUs Granted (Actual)(1) |        |
| Anu Bharadwaj           |     |                                         | $13,100,000 |     |                                    | 85,790 |
| Joseph Binz             |     |                                         | $12,500,000 |     |                                    | 81,861 |
| Rajeev Rajan            |     |                                         | $12,800,000 |     |                                    | 83,826 |
| Brian Duffy(2)          |     |                                         |           — |     |                                    |      — |

(1) The number of RSUs granted is equal to the target dollar value of the award for each NEO divided by the average closing price of Atlassian stock during the month of August 2024, which was $152.70, rounded up to the nearest whole share. The target values of awards do not match exactly the grant date fair values presented in the Fiscal Year 2025 Summary Compensation Table, which were calculated in accordance with Financial Accounting Standards Board Accounting Standards Codification Topic 718, Compensation—Stock Compensation (“ASC Topic 718”) and take into account the price of Atlassian’s Class A Common Stock on the September 27, 2024 grant date.

(2) Mr. Duffy received a standalone equity award in connection with his appointment as Chief Revenue Officer, as described in the “Compensation Action for Mr. Duffy” section below.

The CLDC believes that acknowledging individual performance