Jason Few - Aug 26, 2022 Form 4 Insider Report for FUELCELL ENERGY INC (FCEL)

Role
CEO, Director
Signature
/s/ Michael S. Bishop, as Power of Attorney
Stock symbol
FCEL
Transactions as of
Aug 26, 2022
Transactions value $
-$1,515,742
Form type
4
Date filed
8/30/2022, 05:01 PM
Previous filing
Aug 26, 2022
Next filing
Nov 29, 2022

Transactions Table

Type Sym Class Transaction Value $ Shares Change % * Price $ Shares After Date Ownership Footnotes
transaction FCEL Common Stock Options Exercise $0 +500K +877.98% $0.00 557K Aug 26, 2022 Direct F1
transaction FCEL Common Stock Tax liability -$973K -232K -41.6% $4.20 325K Aug 26, 2022 Direct F2
transaction FCEL Common Stock Options Exercise $0 +279K +85.72% $0.00 604K Aug 26, 2022 Direct F3
transaction FCEL Common Stock Tax liability -$543K -129K -21.39% $4.20 475K Aug 26, 2022 Direct F4

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 Options Exercise $0 -500K -100% $0.00* 0 Aug 26, 2022 Common Stock 500K $0.00 Direct F1, F5
transaction FCEL Performance Share Units Options Exercise $0 -279K -55.76% $0.00 221K Aug 26, 2022 Common Stock 279K $0.00 Direct F3, F6
transaction FCEL Performance Share Units Disposed to Issuer $0 -221K -100% $0.00* 0 Aug 26, 2022 Common Stock 221K $0.00 Direct F3, F6
* An asterisk sign (*) next to the price indicates that the price is likely invalid.

Explanation of Responses:

Id Content
F1 Restricted stock units were converted into shares of common stock on a one-for-one basis.
F2 Represents shares withheld to satisfy tax obligations upon the vesting of restricted stock units.
F3 Performance share units were converted into shares of common stock on a one-for-one basis.
F4 Represents shares withheld to satisfy tax obligations upon the vesting and settlement of performance share units.
F5 Pursuant to an employment agreement made and entered into effective as of August 26, 2019, on June 3, 2020, the reporting person was granted restricted stock units, which vested 100% on August 26, 2022.
F6 Pursuant to an employment agreement made and entered into effective as of August 26, 2019, on June 3, 2020, the reporting person was granted performance share units. Earned performance share units vested on August 26, 2022 and the number earned (278,788) was based on the weighted-average price of the Company's common stock during the thirty (30) day calendar period ending on the vesting date compared to pre-established price goals as outlined in the employment agreement.