Company: FSLY
Filing Date: 2025-04-23
Form Type: DEF 14A
Source: 0001140361-25-015174
Chunk: 47

Company: Fastly, Inc.
Filing Date: 2025-04-23
Form: DEF 14A
Chunk 47
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 of our total direct compensation, the Compensation Committee references the total direct compensation at companies in our compensation peer group.

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However, the Compensation Committee does not specifically benchmark the compensation of any individual to a precise percentile within this general percentile range. In addition, the Compensation Committee does not have a set formula by which it determines how much of the Named Executive Officer’s compensation is fixed (i.e., base salary) rather than variable. Principal Elements of Compensation Base Salary Base salary is the primary fixed component of our executive compensation program. Base salaries for our executive officers are generally reviewed annually, with any changes in base salary generally effective on April 1. None of our Named Executive Officers received increases in base salary in 2024, and in 2023 and 2024, the base salaries for our Named Executive Officers were as follows:

| Executive        |     | 2023 Base Salary |     | 2024 Base Salary |     | % Change |
| Todd Nightingale |     |         $600,000 |     |         $600,000 |     | 0%       |
| Artur Bergman    |     |         $500,000 |     |         $500,000 |     | 0%       |
| Ronald Kisling   |     |         $600,000 |     |         $600,000 |     | 0%       |
| Scott Lovett(1)  |     |                — |     |         $450,000 |     | —        |

| (1) | Mr. Lovett joined Fastly as its Chief Revenue Officer on June 3, 2024. The amount shown in this table is his 2024 annual base salary and does not reflect proration due to his start date. |

In December 2023, Mr. Bergman elected to receive a reimbursement for private aircraft usage for his business travel and a grant of RSUs in February 2024 in lieu of approximately 92% of his base salary for 2024, which would otherwise have been paid in cash. After making this election, his 2024 base salary was $38,043, instead of $500,000. The reimbursement for private aircraft usage for Mr. Bergman’s business travel was in an amount of $200,000 (any unused portion of which is forfeited at the end of the year). The RSUs granted in lieu of base salary vested as to 25% of the