Company: FSLY
Filing Date: 2025-04-23
Form Type: DEF 14A
Source: 0001140361-25-015174
Chunk: 69

Company: Fastly, Inc.
Filing Date: 2025-04-23
Form: DEF 14A
Chunk 69
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 benefits, provided that he signs and allows to become effective a general release of all claims: (i) a lump sum payment equal to 18 months of his base salary and target bonus (if any, for the year in which the separation of service occurred), (ii) continuation of health insurance benefits for 18 months, and (iii) the equity awards that are subject to time-based vesting that are outstanding as of the date of the separation from service shall accelerate and become vested and, if applicable, exercisable as to the number of shares subject to such equity award that would have vested if Mr. Bergman had completed an additional 12 months of employment following the date on which the separation from service occurred and equity awards that are subject to performance-based vesting that are outstanding as of the date of the separation from service shall accelerate and become vested and, if applicable, exercisable as to the number of shares subject to such equity award that would have vested if he had completed an additional 12 months employment following the date on which the separation from service occurred, on a prorated basis and based on Mr. Bergman’s actual level of achievement of the performance goals applicable to the equity award as of the date on which his separation from service occurred. Ronald Kisling In June 2021, we entered into an offer letter agreement with Ronald Kisling, our Chief Financial Officer. Mr. Kisling’s annual base salary as of June 22, 2021 was $600,000. In August 2021, we awarded Mr. Kisling an award of restricted stock units covering shares of the Company’s common stock with a value of $10,000,000. This grant vests in 16 equal quarterly installments, subject to his continued service with the Company through each date. Scott Lovett In May 2024, we entered into an offer letter agreement with Scott Lovett, our Chief Revenue Officer. Mr. Lovett’s annual base salary as of June 3, 2024 was $450,000. In July 2024, we awarded Mr. Lovett an award of restricted stock units covering shares of the Company’s common stock with a target value of $9,000,000, which was converted into a number of RSUs based on the average closing trading price of our common stock during June 2024. This grant vests in 16 equal quarterly installments, subject to his continued service with the Company through each date. Other Named Executive Officers We have adopted the (i) Executive Plan for