FSLY Insider Filing: Compton C. Lacey III Receives 277,777 RSUs
Rhea-AI Filing Summary
Fastly, Inc. reports that Compton Charles Lacey III, identified as a Director and the company's CEO, acquired 277,777 restricted stock units (RSUs) on 08/10/2025. The RSUs are contingent rights to receive one share of Class A common stock upon settlement and are recorded at a $0 price.
Following the grant the reporting person beneficially owns 688,980 shares. The RSUs are 100% initially subject to vesting: one-sixteenth (6.25%) vests on August 15, 2025, with the remainder vesting in 15 equal quarterly installments of one-sixteenth each (6.25% per quarter), conditioned on continued service.
Positive
- 277,777 RSUs granted to the reporting person, explicitly disclosed in the Form 4
- Beneficial ownership of 688,980 shares following the reported transaction is provided
- Clear vesting schedule detailed: 6.25% on August 15, 2025, then 15 equal quarterly installments of 6.25% each
Negative
- None.
Insights
TL;DR: CEO received a sizeable RSU grant with a standard time-based vesting schedule; the filing discloses current beneficial ownership.
The Form 4 documents a grant of 277,777 RSUs to Compton Charles Lacey III, with explicit vesting terms: an initial 6.25% tranche on August 15, 2025, then 15 equal quarterly tranches thereafter. The instrument is described as RSUs that convert to Class A common stock upon settlement and are recorded at $0, consistent with a compensation award rather than an open-market purchase. The report also shows total beneficial ownership of 688,980 shares after the transaction, providing transparency on executive holdings.
TL;DR: This is a time-based executive compensation grant with phased quarterly vesting; no cash purchase or option exercise is reported.
The disclosure indicates the award is comprised of RSUs—each representing a contingent right to one share—subject to standard continuous-service vesting. The grant size (277,777 RSUs) and subsequent total ownership (688,980) are explicitly stated. The Form lists a $0 price for the RSUs, consistent with equity grants issued for compensation. Based on the filing alone, this appears to be a routine compensation award rather than a transaction indicating secondary-market trading.
Insider Trade Summary
| Type | Security | Shares | Price | Value |
|---|---|---|---|---|
| Grant/Award | Class A Common Stock | 277,777 | $0.00 | -- |
Footnotes (1)
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