Michael S. Bishop - Dec 10, 2021 Form 4 Insider Report for FUELCELL ENERGY INC (FCEL)

Role
EVP, CFO & Treasurer
Signature
/s/ Michael S. Bishop
Stock symbol
FCEL
Transactions as of
Dec 10, 2021
Transactions value $
$0
Form type
4
Date filed
12/14/2021, 05:25 PM
Previous filing
Nov 29, 2021
Next filing
Aug 26, 2022

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 Award $0 +19.6K $0.00 19.6K Dec 10, 2021 Common Stock 19.6K $0.00 Direct F1, F2
transaction FCEL Employee Performance Share Unit Award $0 +19.6K $0.00 19.6K Dec 10, 2021 Common Stock 19.6K $0.00 Direct F3
* 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 share of common stock upon vesting of the Restricted Stock Unit.
F2 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.
F3 On December 10, 2021, the reporting person was granted performance shares which will be earned based on performance over the three-year performance period beginning on October 31, 2021 and ending October 31, 2024, subject to continued employment until the third anniversary of the grant date. The performance goal is the TSR of the Company relative to the TSR of the Russell 2000 during the performance period. The maximum number of performance shares that can be earned based on performance is two times the target number reported in the table above.