Company: FSLY
Filing Date: 2025-04-23
Form Type: DEF 14A
Source: 0001140361-25-015174
Chunk: 42

Company: Fastly, Inc.
Filing Date: 2025-04-23
Form: DEF 14A
Chunk 42
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 and 70% of the LTI opportunity for each of Mr. Bergman and Mr. Kisling, and provide reasonable balance against the PSUs and support in the retention of executives critical to the Company’s ongoing success.                                                                                                                                                                                    
 As further described in “Employment Arrangements–Artur Bergman” below, Mr. Bergman was eligible to make an election to receive equity in the form of (i) a stock option grant and (ii) RSUs (which may include time-based and performance-based vesting) on the same terms as generally applicable to other senior Company executives for such year. As indicated above, Mr. Bergman elected RSUs for 2024.                                                         
 Mr. Lovett received equity upon his hiring as Chief Revenue Officer which incorporated several factors including the relevance of Mr. Lovett’s experience and capabilities, and ensuring a competitive initial grant to immediately align interests with stockholders. Mr. Lovett will receive annual grants on the same basis as other non-CEO Named Executive Officers going forward. See “Chief Revenue Officer Equity Awards” below for additional information. |
| Benefits                          |     | We offer competitive health and welfare benefits, as well as participation in the ESPP, 401(k) plan for United States employees, and other employee benefit plans.                                                                                                                                                                                                                                                                                                  |

Adjustments to a Named Executive Officer’s compensation made in connection with the Compensation Committee’s annual review generally occur in the first quarter of the fiscal year. Equity awards for our Named Executive Officers are typically granted during the first quarter of the fiscal year.

32 | 2025 PROXY STATEMENT

TABLE OF CONTENTS

The Compensation Committee views these changes as part of an ongoing evolution in our compensation programs that aligns with the growth and maturity of our business. The Compensation Committee will continue to monitor our programs in the context of evolving market practice and our compensation objectives to ensure that we continue to attract and motivate talented executives who can support our growth and long-term stockholder value creation. Fiscal Year 2024 Target Pay Mix Consistent with our philosophy of aligning executive pay with the short-term and long-term performance of the Company, and to align the interests of management and stockholders, our compensation program is designed to provide the majority of executive compensation in the form of variable pay for which the ultimate value realized is based on the Company’s performance. Our Compensation Committee thoughtfully employs the primary compensation elements described in the previous table to achieve these objectives. In fiscal year 2024, our reliance on performance-based cash and equity incentives,