Mark Feasel - May 16, 2022 Form 4 Insider Report for FUELCELL ENERGY INC (FCEL)

Role
EVP & Ch. Commercial Officer
Signature
/s/ Michael S. Bishop, as Power of Attorney
Stock symbol
FCEL
Transactions as of
May 16, 2022
Transactions value $
$0
Form type
4
Date filed
5/17/2022, 05:12 PM
Previous filing
Apr 19, 2022
Next filing
Dec 7, 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 +167K $0.00 167K May 16, 2022 Common Stock 167K $0.00 Direct F1, F2
transaction FCEL Employee Restricted Stock Unit Award $0 +19.6K $0.00 19.6K May 16, 2022 Common Stock 19.6K $0.00 Direct F1, F3
transaction FCEL Employee Performance Share Unit Award $0 +19.6K $0.00 19.6K May 16, 2022 Common Stock 19.6K $0.00 Direct F4
* 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 May 16, 2022, the reporting person was granted restricted stock units, which vest 50% on each of March 24, 2023 and March 25, 2024, subject to continued employment through such dates.
F3 On May 16, 2022, the reporting person was granted restricted stock units, which vest 1/3 on each of December 10, 2022, December 10, 2023 and December 10, 2024, subject to continued employment.
F4 On May 16, 2022, the reporting person was granted performance shares which will be earned based on performance over the three-year performance period 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.