William E Cummings Jr. - 02 Jun 2022 Form 4 Insider Report for FUEL TECH, INC. (FTEK)

Role: Senior Vice President, Sales
Signature: /s/ William E Cummings Jr.
Issuer symbol: FTEK
Transactions as of: 02 Jun 2022
Net transactions value: $0
Form type: 4
Filing time: 06 Jun 2022, 16:06:21 UTC
Next filing: 04 Mar 2024
SEC: View on sec.gov

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	FTEK	Restricted Stock Units	Award	$0	+64,394		$0.000000	64,394	02 Jun 2022	Common Stock	64,394		Direct	F1, F2

* An asterisk sign (*) next to the price indicates that the price is likely invalid.

Explanation of Responses:

Id	Content
F1	Each Restricted Stock Unit represents a contingent right to receive one stock of FTEK Common Stock.
F2	The Restricted Stock Units vest in two installments: (i) one half of the total RSUs awarded shall vest on the second anniversary after the transaction date shown above, and (ii) the final one half shall vest on the third anniversary of the transaction date shown above. Subject to the restrictions on distribution set forth in the registrant's RSU Award Agreement, generally, shares will be delivered to the reporting person in respect of vested RSUs as soon as practicable after each vesting date, unless the reporting person has elected to defer distribution until a later date.

Content

Each Restricted Stock Unit represents a contingent right to receive one stock of FTEK Common Stock.

The Restricted Stock Units vest in two installments: (i) one half of the total RSUs awarded shall vest on the second anniversary after the transaction date shown above, and (ii) the final one half shall vest on the third anniversary of the transaction date shown above. Subject to the restrictions on distribution set forth in the registrant's RSU Award Agreement, generally, shares will be delivered to the reporting person in respect of vested RSUs as soon as practicable after each vesting date, unless the reporting person has elected to defer distribution until a later date.