Company: FSLY
Filing Date: 2025-04-23
Form Type: DEF 14A
Source: 0001140361-25-015174
Chunk: 49

Company: Fastly, Inc.
Filing Date: 2025-04-23
Form: DEF 14A
Chunk 49
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 that revenue and non-GAAP operating loss as a percentage of revenue goals were appropriate measures given our emphasis on growth and the importance of revenue growth and reduction of operating expenses as a driver of our overall financial performance. The target revenue achievement goal was increased (up from $519M in 2023) to represent a 13.4% year over year growth rate. In March 2024, the Compensation Committee approved the following threshold, target and maximum performance goals that were used to determine the payouts, with achievement between threshold, target and maximum payout to be determined linearly (“2024 Objectives”):

| Revenue Performance Goal |     |             |     |             |     |             |     |               |
| Threshold                
 50% Payout               |     | Target      
 100% Payout |     | Max         
 150% Payout |     | Actual      
 Achievement |     | Payout Factor |
| $559M                    |     | $589M       |     | $618M       |     | $544M       |     | 0% of Target  |

| Non-GAAP Operating Loss % of Revenue Goal |     |             |     |             |     |             |     |                 |
| Threshold                                 
 50% Payout                                |     | Target      
 100% Payout |     | Max         
 150% Payout |     | Actual      
 Achievement |     | Payout Factor   |
| -7.0%                                     |     | -3.5%       |     | 0%          |     | -5.0%       |     | 75.0% of Target |

In February 2025, our Compensation Committee determined that, based on our actual achievement of the 2024 Objectives, the Company did not meet the threshold of its revenue target and achieved -5.0% (between threshold and target) of its non-GAAP operating loss as a percentage of revenue target. After applying a 66.7% weighting to the revenue payout factor of 0%, and a 33.3% weighting to the non-GAAP operating loss as a percentage of revenue payout factor of 75.0%, Messrs. Bergman, Kisling, and Nightingale were eligible to receive 25.0% of their Target Bonus. Commission Plan

Mr. Lovett participated in our FY24 Global Sales Compensation Plan (the “Commission Plan”), which is designed to individually compensate employees who are engaged in sales activities for sales performance during the plan