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

Role
EVP & Ch. Commercial Officer
Signature
/s/ Michael S. Bishop, as Power of Attorney
Issuer symbol
FCEL
Transactions as of
16 May 2022
Net transactions value
$0
Form type
4
Filing time
17 May 2022, 17:12:23 UTC
Previous filing
19 Apr 2022
Next filing
07 Dec 2022
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 FCEL Employee Restricted Stock Unit Award $0 +166,986 $0.000000 166,986 16 May 2022 Common Stock 166,986 $0.000000 Direct F1, F2
transaction FCEL Employee Restricted Stock Unit Award $0 +19,565 $0.000000 19,565 16 May 2022 Common Stock 19,565 $0.000000 Direct F1, F3
transaction FCEL Employee Performance Share Unit Award $0 +19,566 $0.000000 19,566 16 May 2022 Common Stock 19,566 $0.000000 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.