Company: FSLY
Filing Date: 2025-04-23
Form Type: DEF 14A
Source: 0001140361-25-015174
Chunk: 80

Company: Fastly, Inc.
Filing Date: 2025-04-23
Form: DEF 14A
Chunk 80
---
 the Board of Directors receives an additional annual cash retainer of $20,000.

2025 PROXY STATEMENT | 57

TABLE OF CONTENTS

Members do not receive cash retainers for their service as members of committees, and the chairperson of the three committees of our Board of Directors were entitled to the following additional annual cash retainers:

| Board Committee                               |     | Chairperson Fee |
| Audit Committee                               |     |         $20,000 |
| Compensation Committee                        |     |         $15,000 |
| Nominating and Corporate Governance Committee |     |         $10,000 |

All annual cash compensation amounts are payable in equal quarterly installments in arrears, on the last day of each fiscal quarter for which the service occurred, prorated based on the days served in the applicable fiscal quarter. Initial Equity Awards Each new non-employee director who joins our Board of Directors will receive an RSU award for common stock having a value of $400,000 based on the fair market value of the underlying common stock on the date of grant under our 2019 Plan. Each initial equity award will vest on the one-year anniversary measured from the date of grant. Annual Equity Awards On the date of each annual meeting of stockholders, each continuing non-employee director will receive an RSU award for common stock having a value of $200,000 based on the fair market value of the underlying common stock on the date of grant under our 2019 Plan. Each annual equity award will vest quarterly over one year following the date of grant and will be fully vested on the earlier of (i) the date of the following annual meeting of stockholders (or the date immediately prior to the next annual meeting of stockholders if the non-employee director’s service as a director ends at such meeting due to the director’s failure to be re-elected or the director not standing for re-election) and (ii) the one year anniversary measured from the date of grant, each subject to continued service as a director through each applicable vesting date. Vesting Acceleration In the event of a change of control of the Company (as defined in our 2019 Plan), any unvested portion of an outstanding equity award granted under the policy will fully vest immediately prior to the closing of such change of control, subject to the non-employee director’s continuous service with us on the effective date of the change of control. The calculation of the number of shares of restricted stock units granted under the non-employee director compensation