Vincent J. Arnone - Feb 29, 2024 Form 4 Insider Report for FUEL TECH, INC. (FTEK)

Role: President & CEO, Director
Signature: /s/ Vincent J. Arnone
Stock symbol: FTEK
Transactions as of: Feb 29, 2024
Transactions value $: $0
Form type: 4
Date filed: 3/4/2024, 04:04 PM
Previous filing: Aug 14, 2023
Next filing: Aug 12, 2024

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	+31.1K		$0.00	31.1K	Feb 29, 2024	Common Stock	31.1K		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 three installments: (i) one-third of the total RSUs awarded shall vest on the one year anniversary after the transaction date shown above, (ii) one-third shall vest on the second anniversary of the transaction date shown above, and (iii) one-third 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 three installments: (i) one-third of the total RSUs awarded shall vest on the one year anniversary after the transaction date shown above, (ii) one-third shall vest on the second anniversary of the transaction date shown above, and (iii) one-third 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.