Michael S. Bishop - Dec 5, 2022 Form 4 Insider Report for FUELCELL ENERGY INC (FCEL)

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	+95.2K		$0.00	95.2K	Dec 5, 2022	Common Stock	95.2K	$0.00	Direct	F1, F2
transaction	FCEL	Employee Performance Share Unit	Award	$0	+95.2K		$0.00	95.2K	Dec 5, 2022	Common Stock	95.2K	$0.00	Direct	F3

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

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 05, 2022, 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 05, 2022, the reporting person was granted performance shares which will be earned based on performance over the three-year performance period beginning on November 1, 2022 and ending October 31, 2025, 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.