Company: TEAM
Filing Date: 2025-10-15
Form Type: DEF 14A
Source: 0001650372-25-000058
Chunk: 42

Company: Atlassian Corp
Filing Date: 2025-10-15
Form: DEF 14A
Chunk 42
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 and ensuring long-term incentive awards constitute a significant portion of compensation is vital to encouraging appropriate behaviors and intended outcomes while reinforcing our pay-for-performance philosophy.

Compensation Action for Mr. Duffy

In February 2025, upon the appointment of Mr. Duffy as Chief Revenue Officer, the CLDC approved a new-hire equity award with an initial grant having a target value of $20 million as part of his overall compensation package. The number of RSUs granted to Mr. Duffy was determined by dividing the target dollar value of the award by the average closing price of Atlassian stock during the month of January 2025, rounded up to the nearest whole share. The target value of Mr. Duffy’s award does not match the grant date fair value presented in the Fiscal Year 2025 Summary Compensation Table, which was calculated in accordance with ASC Topic 718 and took into account the price of Atlassian’s Class A Common Stock on the February 20, 2025 grant date. The grant vests over four years with the first vesting date occurring three months after the grant and then quarterly thereafter.

The award was designed to align Mr. Duffy’s interests with those of our stockholders, promote long-term value creation, and recognize the skills and past experience he brings to Atlassian. The CLDC, its consultants, and the Company’s compensation team conducted a thorough analysis to ensure that the equity award was competitive against our peer companies and aligned with our compensation philosophy. When calibrating the magnitude of the award, the CLDC considered several factors including the competitive target equity grant value for Chief Revenue Officers in our peer group.

| 2025 Proxy Statement |

#### Executive Compensation43
Perquisites, Benefits, and Other Compensation and Governance Policies

#### Stock Ownership Requirements
Atlassian adopted an equity ownership requirements policy, effective July 1, 2023, that is applicable to all senior executives including our NEOs (the “Stock Ownership Policy”). The Stock Ownership Policy was designed to closely align the interests of our executives with those of our stockholders over the long term. Executives must retain 20% of shares remaining at the time of the vesting of RSUs, after payment of any applicable tax withholding, for a period of seven years from each vesting event. The Stock Ownership Policy does not enforce a lot-by-lot requirement on shares vested, so executives can satisfy the requirements by holding the equivalent number of shares from unrelated vesting events. All equity awards are included under the scope of this policy, except for new-hire awards.