Company: FSLY
Filing Date: 2025-04-23
Form Type: DEF 14A
Source: 0001140361-25-015174
Chunk: 51

Company: Fastly, Inc.
Filing Date: 2025-04-23
Form: DEF 14A
Chunk 51
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 the form of time-vesting RSUs. The target dollar value of annual equity approved by the Compensation Committee for Messrs. Bergman, Kisling, and Nightingale, was converted into a number of RSUs and PSUs based on the average of closing share price of our common stock for the 30 calendar days prior to March 14, 2024, as further described below. The target values of the fiscal 2024 annual grants differ from the grant date fair value of the equity awards determined for accounting purposes. The grant date fair value of the equity awards is reported in the table below, in our 2024 Summary Compensation Table, and in the 2024 Grants of Plan-Based Awards Table. As indicated above, in March 2024, we made our annual equity grants to all Named Executive Officers except Mr. Lovett, who was not employed by us at the time. His initial equity compensation is described separately below.

| Executive        |     | PSUs at Target |     |  PSU Grant 
  Date Fair 
   Value(1) |     | RSU Grant |     |  RSU Grant 
  Date Fair 
   Value(1) |
| Todd Nightingale |     |        298,210 |     | $3,757,446 |     |   198,807 |     | $2,504,968 |
| Artur Bergman    |     |         92,147 |     | $1,161,056 |     |   215,009 |     | $2,709,113 |
| ​Ronald Kisling  |     |         59,642 |     |   $751,489 |     |   139,165 |     | $1,753,479 |

| (1) | The grant date fair value of RSUs and PSUs is computed in accordance with Financial Accounting Standard Board Accounting Standards Codification Topic 718 for stock-based compensation transactions (“ASC Topic 718”). Assumptions used in the calculation of these amounts are included in Note 11 to our Consolidated Financial Statements included in our Annual Report, filed with the SEC on February 25, 2025. |

Time-Based Vesting Restricted Stock Unit Grants Time-based vesting RSUs represent the majority of the compensation awarded to our Named Executive Officers, except for Mr. Nightingale, in 2024. The annual RSUs described in the table above were finalized in March 2024, and determined by establishing a target