Anthony Leo - Dec 11, 2023 Form 4 Insider Report for FUELCELL ENERGY INC (FCEL)

Role
EVP & Chief Technology Officer
Signature
/s/ Michael S. Bishop, As Power of Attorney
Stock symbol
FCEL
Transactions as of
Dec 11, 2023
Transactions value $
-$1,920
Form type
4
Date filed
12/13/2023, 04:52 PM
Previous filing
Dec 7, 2023

Transactions Table

Type Sym Class Transaction Value $ Shares Change % * Price $ Shares After Date Ownership Footnotes
transaction FCEL Common Stock Options Exercise $0 +4.71K +4.19% $0.00 117K Dec 11, 2023 Direct F1
transaction FCEL Common Stock Tax liability -$1.92K -1.48K -1.26% $1.30 116K Dec 11, 2023 Direct F2

Derivative Securities (e.g., puts, calls, warrants, options, convertible securities)

Type Sym Class Transaction Value $ Shares Change % * Price $ Shares After Date Underlying Class Amount Exercise Price Ownership Footnotes
transaction FCEL Employee Restricted Stock Unit Options Exercise $0 -4.71K -50% $0.00 4.71K Dec 11, 2023 Common Stock 4.71K $0.00 Direct F1, F3
transaction FCEL Employee Restricted Stock Unit Award $0 +124K $0.00 124K Dec 11, 2023 Common Stock 124K $0.00 Direct F4, F5
* An asterisk sign (*) next to the price indicates that the price is likely invalid.

Explanation of Responses:

Id Content
F1 Restricted stock units were converted into common stock on a one-for-one basis.
F2 Represents shares withheld to satisfy tax obligations upon the vesting of restricted stock units.
F3 On December 10, 2021, the reporting person was granted restricted stock units, which vest 1/3 on each of the first, second and third anniversaries of the date of grant, subject to continued employment.
F4 Each restricted stock unit represents a contingent right to receive one share of common stock upon vesting of the restricted stock unit.
F5 On December 11, 2023, the reporting person was granted restricted stock units, which vest 1/3 on each of the first, second and third anniversaries of the date of grant, subject to continued employment.