Company: FSLY
Filing Date: 2025-04-23
Form Type: DEF 14A
Source: 0001140361-25-015174
Chunk: 70

Company: Fastly, Inc.
Filing Date: 2025-04-23
Form: DEF 14A
Chunk 70
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 the benefit of certain executive officers (including Messrs. Kisling and Nightingale) and other key employees and (ii) 2022 Plan for the benefit of Mr. Lovett and other key employees. As described in the “Executive Change in Control and Severance Plan” section above, Mr. Bergman is not subject to either the Executive Plan or the 2022 Plan. While the terms and conditions of the Executive Plan govern Mr. Nightingale’s eligibility for and entitlement to severance benefits, the potential amount of severance benefits Mr. Nightingale would receive are modified as set forth under the Nightingale Employment Agreement, as described above. Under their respective Severance Plans (as defined in the “Executive Change in Control and Severance Plan” section above), if we terminate the employment of Mr. Kisling or Mr. Lovett other than for cause, or they resign for good reason, in each case, during the change in control period, Mr. Kisling or Mr. Lovett, as applicable, will be eligible to receive the following severance payments and benefits (less applicable tax withholdings): (i) a lump sum cash amount equal to 12 months of their then-current annual base salary, (ii) a lump sum cash amount equal to his target annual bonus opportunity, (iii) continuation of health plan benefits for them and their eligible dependents at no cost under COBRA for up to 12 months, (iv) 100% of their then outstanding and unvested equity awards that are subject to time-based vesting will fully vest and, as applicable, be exercisable, and (v) their then outstanding and unvested equity awards that are subject to performance-based vesting will be treated as set forth in the applicable award agreement. Further, under the Executive Plan, if Mr. Kisling is terminated other than for cause, or he resigns for good reason, at any time other than during the change in control period, he will be eligible to receive the following severance benefits (less applicable tax withholding): (i) a lump sum cash amount equal to nine months of his then-current annual base salary, (ii) a lump sum cash amount equal to 75% of his target annual bonus opportunity, (iii) continuation of health plan benefits for him and his eligible dependents at no cost under COBRA for up to nine months, (iv) 12 months of his then outstanding and unvested equity awards that are subject to time-based vesting