Mark Feasel - 10 Dec 2024 Form 4 Insider Report for FUELCELL ENERGY INC (FCEL)

Signature
/s/ Michael S. Bishop, as Power of Attorney
Issuer symbol
FCEL
Transactions as of
10 Dec 2024
Net transactions value
-$19,941
Form type
4
Filing time
12 Dec 2024, 17:38:53 UTC
Previous filing
09 Dec 2024
Next filing
02 Jan 2025

Transactions Table

Type Sym Class Transaction Value $ Shares Change % * Price $ Shares After Date Ownership Footnotes
transaction FCEL Common Stock Options Exercise $0 +343 +7.5% $0.000000 4,901 10 Dec 2024 Direct F1, F2
transaction FCEL Common Stock Tax liability $2,043 -180 -3.7% $11.35 4,721 10 Dec 2024 Direct F3
transaction FCEL Common Stock Options Exercise $0 +217 +4.6% $0.000000 4,938 10 Dec 2024 Direct F1, F4
transaction FCEL Common Stock Tax liability $1,294 -114 -2.3% $11.35 4,824 10 Dec 2024 Direct F5
transaction FCEL Common Stock Options Exercise $0 +2,525 +52% $0.000000 7,349 11 Dec 2024 Direct F1, F4
transaction FCEL Common Stock Tax liability $16,604 -1,322 -18% $12.56 6,027 11 Dec 2024 Direct F5

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 Performance Share Unit Options Exercise $0 -343 -100% $0.000000 0 10 Dec 2024 Common Stock 343 $0.000000 Direct F1, F2, F6
transaction FCEL Employee Restricted Stock Unit Options Exercise $0 -217 -100% $0.000000 0 10 Dec 2024 Common Stock 217 $0.000000 Direct F1, F4, F7
transaction FCEL Employee Restricted Stock Unit Options Exercise $0 -2,525 -33% $0.000000 5,050 11 Dec 2024 Common Stock 2,525 $0.000000 Direct F1, F4, 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 Shares were issued in settlement of earned performance share units.
F3 Represents shares withheld to satisfy tax obligations upon the vesting of performance share units.
F4 Restricted stock units were converted into common stock on a one-for-one basis.
F5 Represents shares withheld to satisfy tax obligations upon the vesting of restricted stock units.
F6 On May 16, 2022, 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. 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 343 shares.
F7 On May 16, 2022, the reporting person was granted restricted stock units, which vested 1/3 on each of December 10, 2022, December 10, 2023 and December 10, 2024, subject to continued employment.
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.