Company: TEAM
Filing Date: 2025-10-15
Form Type: DEF 14A
Source: 0001650372-25-000058
Chunk: 38

Company: Atlassian Corp
Filing Date: 2025-10-15
Form: DEF 14A
Chunk 38
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). While an annualized amount is set forth in the table above, Mr. Farquhar’s salary in fiscal year 2025 was pro-rated to reflect his partial year of service as an executive officer.

(2) The base salaries for our continuing non-CEO NEOs from the prior year were increased by $25k (~4%) and considered several factors including history of pay changes, competitive market positioning and alignment with our pay philosophy, and internal equity positioning

Annual Cash Incentive Compensation

Approach to Annual Cash Incentives

Our annual cash incentive program reinforces our pay-for-performance orientation by focusing our NEOs’ attention on performance of our key business priorities and embraces a simple, clear, and transparent decision-making process.

Our annual cash incentive program is 100% formulaic and measures performance on Cloud and Marketplace Cloud revenue. For purposes of our annual cash incentive program, Cloud and Marketplace Cloud revenue is equal to Cloud revenue as reported in the audited financial statements, plus fees received for sales of third-party cloud apps in the Atlassian Marketplace, which is a component of other revenue as reported in the audited financial statements. Cloud revenue, including the related revenue from sales of third-party cloud apps in the Atlassian Marketplace, remains a critical strategic priority for us to support our customers and seamlessly connect them to a diverse set of products that will enhance their workflow capabilities. We believe that success on Cloud revenue is crucial to Atlassian’s ability to scale and continue leading in our industry.

| 2025 Proxy Statement |

#### Executive Compensation41
Messrs. Cannon-Brookes and Farquhar do not participate in the annual cash incentive program due to their sizable equity stakes in Atlassian, which we and they feel appropriately aligns their personal financial interests with company performance.

Each NEO (excluding Messrs. Cannon-Brookes and Farquhar) is eligible to receive an annual cash incentive award based on a specified target annual cash incentive award amount, expressed as a percentage of the NEO’s base salary. The potential payout will range from 0% up to 200% of an individual NEO’s target opportunity based on performance against predetermined financial goals. In fiscal year 2025, our NEOs’ annual cash incentive program was targeted at 60% of their annual base salaries.

The mechanics of the annual cash incentive program are as follows:

| Eligible    
 Earnings(1) |     | × |     | Annual Cash 
 Incentive   
 Target %    
 (60%)       |     | × |     | Company