Company: FSLY
Filing Date: 2025-04-23
Form Type: DEF 14A
Source: 0001140361-25-015174
Chunk: 39

Company: Fastly, Inc.
Filing Date: 2025-04-23
Form: DEF 14A
Chunk 39
---
 market for executive talent, with individual pay decisions approved in the context of both Company and individual performance.

2025 PROXY STATEMENT | 29

TABLE OF CONTENTS

In addition, the Compensation Committee seeks to ensure that we maintain sound governance and compensation policies and practices. In designing and overseeing our executive compensation program, we strive to employ best practices and regularly assess our policies and practices.

What we do

| Link Pay to Performance                                         |     | We link pay to performance by delivering a substantial portion of total compensation for our executive officers in the form of annual and long-term incentive programs.                                                                                                   |
| Engage with independent compensation consultant                 |     | Our Compensation Committee directly engages an independent compensation consultant to provide analysis for the annual executive compensation review and guidance on other executive compensation matters independent of management.                                       |
| Double-Trigger acceleration                                     |     | Equity awards held by our Named Executive Officers provide for “double-trigger” acceleration meaning that vesting accelerates only in the event of a change in control of the Company plus a qualifying termination of employment.                                        |
| Robust Ownership Guidelines                                     |     | We require our Named Executive Officers and non-employee directors to acquire and maintain a meaningful equity stake in the Company through robust ownership guidelines.                                                                                                  |
| Maintain a Clawback Policy                                      |     | We maintain a clawback policy applicable to all Named Executive Officers for incentive compensation (cash and equity).                                                                                                                                                    |
| Set rigorous and measurable performance goals                   |     | Certain of our Named Executive Officers are eligible for LTI opportunities based on rigorous and measurable performance goals.                                                                                                                                            |
| Annual Say-on-Pay Vote                                          |     | Our stockholders are provided with the opportunity to cast a non-binding advisory vote on the compensation of our Named Executive Officers.                                                                                                                               |
| Engage with stockholders on compensation and governance matters |     | Our Compensation Committee conducted stockholder outreach to discuss our executive compensation and governance program, policies, and practices, and to solicit feedback to ensure that we received insight into the issues that were most important to our stockholders. |

30 | 2025 PROXY STATEMENT

TABLE OF CONTENTS

| Consider Peer Group and Market Data |     | Our Compensation Committee, with support from our compensation consultant, reviews competitive market data and selects companies to include in our peer group. |
| Provide Limited Perquisites         |     | We do not generally provide perquisites or other personal benefits to our executive officers, including the Named Executive Officers.                          |

What we do not do

| • | We do