Company: FSLY
Filing Date: 2025-04-23
Form Type: DEF 14A
Source: 0001140361-25-015174
Chunk: 45

Company: Fastly, Inc.
Filing Date: 2025-04-23
Form: DEF 14A
Chunk 45
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 the Compensation Committee retained the services of Semler Brossy, a national executive compensation consultant to advise the Compensation Committee

on compensation matters related to our executive and director compensation programs. In 2024, Semler Brossy provided the following support:

| • | assisted in the review and updating of our compensation peer group; |

| • | analyzed the executive compensation levels and practices of the companies in our compensation peer group; |

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| • | provided advice with respect to compensation best practices and market trends for executive officers and directors; |

| • | reviewed and provided input on our Compensation Discussion and Analysis; |

| • | assisted with the design of the short-term and long-term incentive compensation plans with appropriate performance goals and targets for our Named Executive Officers and other executive officers; |

| • | assisted the Compensation Committee in reviewing our stockholder feedback in light of our 2024 “Say-on-Pay” vote and determining potential responses for 2024; and |

| • | provided ad hoc advice and support throughout the year. |

Semler Brossy reported to and worked for the Compensation Committee. Prior to engaging Semler Brossy, the Compensation Committee considered the specific independence factors adopted by the SEC and the NYSE and determined that Semler Brossy is independent and that Semler Brossy’s work did not raise any conflicts of interest.

Role of Competitive Market Data As part of its annual compensation review process, the Compensation Committee generally reviews competitive market data for positions comparable to those of our Named Executive Officers and other key executive officers. In August 2023, the Compensation Committee, with support from Semler Brossy, reviewed our executive compensation peer group. In selecting companies for inclusion in our peer group, the Compensation Committee generally seeks to include U.S. headquartered, competitors and cloud-based enterprise and security software companies with between approximately 33% to 300% of our revenue and 33% to 300% of our market capitalization. At the time of the analysis, the resulting compensation peer group had median trailing four-quarter revenues of approximately $545 million and a 30-day average market capitalization as of July 31, 2023 of approximately $2.9 billion compared to our trailing four-quarter revenues of $468 million (positioned at the 35th percentile) and a 30-day average market capitalization of $2.2 billion (positioned at the 35 thpercentile). For making 2024