Form 4: Fastly Director Vanessa Smith Receives RSU Grant

Fastly, Inc. director Vanessa C. Smith was granted 9,601 restricted stock units as part of her director compensation package.

Summary

• Director Vanessa C. Smith acquired 9,601 restricted stock units (RSUs) on June 3, 2026.
• Each RSU represents a contingent right to receive one share of Class A Common Stock.
• The grant increases the director's total beneficial ownership to 98,267 shares.
• The RSUs vest quarterly over a one-year period, subject to continued service.

Sentiment

Score: 5

Explanation: StockSavvy.ai views this as a routine administrative filing regarding director compensation with no material impact on company operations or financial health.

Positives

• Alignment of director interests with shareholders through equity-based compensation.
• Standardized vesting schedule ensures long-term commitment from board members.

Negatives

• Minor dilution impact on existing shareholders, though typical for director compensation.

Risks

• Vesting is contingent upon continued service as a director of the issuer.

Future Outlook

The RSUs will vest quarterly over one year, fully vesting on the earlier of the next annual meeting or the one-year anniversary of the grant.

Industry Context

StockSavvy.ai notes that equity grants for non-employee directors are standard practice in the technology sector to ensure board alignment with long-term corporate performance.

Comparison to Industry Standards

• The use of RSUs for director compensation is consistent with standard practices for mid-cap technology companies.
• The one-year vesting period is typical for annual director equity refresh cycles.

Stakeholder Impact

• Minimal impact on shareholders due to the standard nature of director equity compensation.

Next Steps

• Quarterly vesting of the granted RSUs over the next 12 months.

Key Dates

Keywords

Fastly, FSLY, Form 4, Insider Trading, Director Compensation, Restricted Stock Units