Fastly executive granted major stock awards
Lovett Scott R. reported acquisition or exercise transactions in this Form 4 filing.
Rhea-AI Filing Summary
Lovett Scott R. reported acquisition or exercise transactions in this Form 4 filing.
Fastly, Inc. reported that its President, Go to Market, Scott R. Lovett, received multiple stock awards of Class A common stock on February 28, 2026 valued at $0.00 per share, reflecting equity compensation rather than an open-market purchase.
The awards include grants of 109,075, 37,610, and 376,110 shares. According to the disclosure, these shares relate to performance-based restricted stock units earned based on Fastly’s 2025 performance goals. One-third of the PRSUs vested on the grant date, with the remaining 8.375% vesting quarterly, subject to Mr. Lovett’s continued service.
Positive
- None.
Negative
- None.
Insider Trade Summary
| Type | Security | Shares | Price | Value |
|---|---|---|---|---|
| Grant/Award | Class A Common Stock | 109,075 | $0.00 | $0.00 |
| Grant/Award | Class A Common Stock | 37,610 | $0.00 | $0.00 |
| Grant/Award | Class A Common Stock | 376,110 | $0.00 | $0.00 |
Footnotes (1)
- F1. Represents the shares subject to performance-based restricted stock unit awards (PRSUs) earned based on the achievement of pre-established performance goals during the Issuer's fiscal year 2025. 33% of the number of PRSUs vested on the Transaction Date, and 8.375% of the PRSUs will vest in quarterly installments thereafter on May 28, August 28, November 28, and February 28, subject to the Reporting Person's continued service with the Issuer through each applicable vesting date.
FAQ
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How do Scott R. Lovett’s Fastly (FSLY) PRSUs vest over time?
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