FUELCELL ENERGY INC — Director's Dealing 2021

Dec 15, 2021

SEC Form 4 — Statement of Changes in Beneficial Ownership

Issuer: FUELCELL ENERGY INC (FCEL)
CIK: 0000886128
Period of Report: 2021-12-10

Reporting Person: Few Jason (Director, CEO)

Derivative Transactions

Date	Security	Exercise Price	Code	Shares	A/D	Expiration	Underlying	Ownership
2021-12-10	Employee Restricted Stock Unit	$0	A	62500	Acquired		Common Stock (62500)	Direct
2021-12-10	Employee Performance Share Unit	$0	A	62500	Acquired		Common Stock (62500)	Direct

Footnotes

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 10, 2021, 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 10, 2021, the reporting person was granted performance shares which will be earned based on performance over the three-year performance period beginning on October 31, 2021 and 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.