Form 4 for FCEL FUELCELL ENERGY INC
Accepted 2023-08-28 00:00:00 ET · period of report 2023-08-24 · accession 0000897069-23-001277 · SEC index · Original document
Summary rows
Aggregated the way they appear in lists: one row per insider, transaction code and security table.
| X | Filed | Traded | Ticker | Insider | Title | Type | Price | Qty | Owned | ΔOwn | Value |
|---|---|---|---|---|---|---|---|---|---|---|---|
| DM | 2023-08-28 | 2023-08-24 | FCEL | Bishop Michael S. | EVP, CFO, Treas | F - Tax | $1.33 | -57.2K | 84.9K | -40% | -$76.1K |
| DM | 2023-08-28 | 2023-08-24 | FCEL | Bishop Michael S. | EVP, CFO, Treas | M - OptEx | $0.00 | +123.4K | 47.6K | New | $0 |
| DM | 2023-08-28 | 2023-08-24 | FCEL | Bishop Michael S. | EVP, CFO, Treas | M - OptEx | $0.00 | -123.4K | 0 | -100% | $0 |
Purchase Sale Sale after option exercise All abbreviations
Every reported transaction
| # | Table | Security | Date | Code | A/D | Shares | Price | Owned after | Own | Exercise / expiry | Underlying | Footnotes |
|---|---|---|---|---|---|---|---|---|---|---|---|---|
| 1 | Common | Common Stock | 2023-08-24 | F | D | 19,592 | $1.33 | 107,581 | D | — | — | |
| 2 | Common | Common Stock | 2023-08-24 | M | A | 42,277 | $0.00 | 127,173 | D | — | — | (F5) Each performance share unit represents the right to receive a single share of common stock, and the number of performance shares that could be earned could range up to two times the reported target number of performance share units (which was 37,446). |
| 3 | Common | Common Stock | 2023-08-24 | M | A | 74,892 | $0.00 | 119,601 | D | — | — | (F3) Each performance share unit represents the right to receive a single share of common stock, and the number of performance shares that could be earned could range up to two times the reported target number of performance share units (which was 37,446). |
| 4 | Common | Common Stock | 2023-08-24 | F | D | 2,893 | $1.33 | 44,709 | D | — | — | |
| 5 | Common | Common Stock | 2023-08-24 | M | A | 6,241 | $0.00 | 47,602 | D | — | — | (F1) Restricted stock units were converted into common stock on a one for-one basis. |
| 6 | Common | Common Stock | 2023-08-24 | F | D | 34,705 | $1.33 | 84,896 | D | — | — | |
| 7 | Derivative | Employee Restricted Stock Unit | 2023-08-24 | M | D | 6,241 | $0.00 | 0 | D | — · — to — | 6,241 Common Stock | (F1) Restricted stock units were converted into common stock on a one for-one basis. (F6) On August 24, 2020, 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. |
| 8 | Derivative | Employee Performance Share Unit | 2023-08-24 | M | D | 74,892 | — | 0 | D | — · — to — | 74,892 Common Stock | (F3) Each performance share unit represents the right to receive a single share of common stock, and the number of performance shares that could be earned could range up to two times the reported target number of performance share units (which was 37,446). (F7) On August 24, 2020, the reporting person was granted performance shares which were based on performance over the three-year performance period ending October 31, 2022, subject to continued employment until the third anniversary of the grant date (August 24, 2023). The performance goal was an increase in the Company's stock price during the performance period. The maximum number of performance shares that could be earned based on performance was two times the target number previously reported (37,446). The Compensation Committee certified achievement at 200% of the target number, resulting in the award of 74,892 shares. |
| 9 | Derivative | Employee Performance Share Unit | 2023-08-24 | M | D | 42,277 | — | 0 | D | — · — to — | 42,277 Common Stock | (F5) Each performance share unit represents the right to receive a single share of common stock, and the number of performance shares that could be earned could range up to two times the reported target number of performance share units (which was 37,446). (F8) On August 24, 2020, the reporting person was granted performance shares which were based on performance over the three-year performance period ended October 31, 2022, subject to continued employment until the third anniversary of the grant date (August 24, 2023). The performance goal was the TSR of the Company relative to the TSR of the Russell 2000 Index during the performance period. While the maximum number of performance shares that could have been earned based on performance was two times the target number previously reported (37,446), the Compensation Committee certified achievement at 112.9% of the target number, resulting in the award of 42,277 shares. |