Jason Few - Dec 10, 2024 Form 4 Insider Report for FUELCELL ENERGY INC (FCEL)

Role
CEO, Director
Signature
/s/ Michael S. Bishop, as Power of Attorney
Stock symbol
FCEL
Transactions as of
Dec 10, 2024
Transactions value $
-$85,090
Form type
4
Date filed
12/12/2024, 05:36 PM
Previous filing
Dec 9, 2024

Transactions Table

Type Sym Class Transaction Value $ Shares Change % * Price $ Shares After Date Ownership Footnotes
transaction FCEL Common Stock Options Exercise $0 +694 +2.32% $0.00 30.7K Dec 10, 2024 Direct F1, F2
transaction FCEL Common Stock Tax liability -$2.47K -218 -0.71% $11.35 30.4K Dec 10, 2024 Direct F3
transaction FCEL Common Stock Options Exercise $0 +1.1K +3.6% $0.00 31.5K Dec 10, 2024 Direct F1, F4
transaction FCEL Common Stock Tax liability -$6.4K -564 -1.79% $11.35 31K Dec 10, 2024 Direct F5
transaction FCEL Common Stock Options Exercise $0 +11.8K +38.15% $0.00 42.8K Dec 11, 2024 Direct F1, F2
transaction FCEL Common Stock Tax liability -$76.2K -6.07K -14.18% $12.56 36.7K Dec 11, 2024 Direct F3

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 -694 -100% $0.00 0 Dec 10, 2024 Common Stock 694 $0.00 Direct F1, F2, F6
transaction FCEL Employee Performance Share Unit Options Exercise $0 -1.1K -100% $0.00 0 Dec 10, 2024 Common Stock 1.1K $0.00 Direct F1, F4, F7
transaction FCEL Employee Restricted Stock Unit Options Exercise $0 -11.8K -33.33% $0.00 23.6K Dec 11, 2024 Common Stock 11.8K $0.00 Direct F1, F2, F8
* An asterisk sign (*) next to the price indicates that the price is likely invalid.

Explanation of Responses:

Id Content
F1 Reflects the 1-for-30 reverse stock split effected by the Issuer on November 8, 2024.
F2 Restricted stock units were converted into common stock on a one-for-one basis.
F3 Represents shares withheld to satisfy tax obligations upon the vesting of restricted stock units.
F4 Shares were issued in settlement of earned performance share units.
F5 Represents shares withheld to satisfy tax obligations upon the vesting of performance share units.
F6 On December 10, 2021, the reporting person was granted restricted stock units, which vested 1/3 on each of the first, second and third anniversaries of the date of grant, subject to continued employment.
F7 On December 10, 2021, the reporting person was granted performance shares which were based on performance over the three-year performance period ended October 31, 2024, subject to continued employment until the third anniversary of the grant date (December 10, 2024). The performance goal was the TSR of the Company relative to the TSR of the Russell 2000 during the performance period. The Compensation and Leadership Development Committee certified achievement at 52.665% of the target number previously reported (as adjusted to reflect the 1-for-30 reverse stock split effected by the Issuer on November 8, 2024), resulting in the award of 1,097 shares.
F8 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.