PAISLEY CHRISTOPHER B 4
Research Summary
AI-generated summary
Fastly (FSLY) Director Christopher Paisley Receives RSU Award
What Happened
Christopher B. Paisley, a director of Fastly, Inc. (FSLY), received a grant of 9,601 restricted stock units (RSUs) reported on 2026-06-03. The award is reported at $0.00 per unit (no cash purchase); each RSU is a contingent right to one share of Class A common stock upon settlement. This is an equity award (code A), not a market purchase or sale.
Key Details
- Transaction date: 2026-06-03; filing date: 2026-06-05 (filed timely).
- Grant: 9,601 RSUs @ $0.00 reported. No immediate cash value recorded; actual value will depend on Fastly's share price at settlement.
- Vesting: RSUs vest quarterly over one year from the grant date and will be fully vested on the earlier of the next annual meeting (or immediately prior if the director leaves due to non‑re‑election) or the one‑year anniversary, subject to continued service. (See footnote F1.)
- Ownership after transaction: not specified in the filing.
- Footnote F2: Some shares are held by the Christopher Paisley TTEE Paisley Living Trust DTD 12/28/94.
Context
This is a standard director equity award meant to align long‑term interests with shareholders. It is neither a buy nor a sale and does not indicate an immediate cash transaction; the economic benefit is realized only if and when RSUs settle into shares according to the vesting schedule.