Leo Anthony 4
4 · FUELCELL ENERGY INC · Filed Nov 28, 2023
Insider Transaction Report
Form 4
leo Anthony
EVP & Chief Technology Officer
Transactions
- Exercise/Conversion
Employee Restricted Stock Unit
2023-11-24−6,051→ 0 total→ Common Stock (6,051 underlying) - Exercise/Conversion
Employee Performance Share Unit
2023-11-24−12,395→ 0 total→ Common Stock (12,395 underlying) - Tax Payment
Common Stock
2023-11-24$1.17/sh−1,897$2,219→ 67,398 total - Tax Payment
Common Stock
2023-11-24$1.17/sh−10,565$12,361→ 90,543 total - Tax Payment
Common Stock
2023-11-24$1.17/sh−3,885$4,545→ 99,053 total - Exercise/Conversion
Employee Performance Share Unit
2023-11-24−33,710→ 0 total→ Common Stock (33,710 underlying) - Exercise/Conversion
Common Stock
2023-11-24+6,051→ 69,295 total - Exercise/Conversion
Common Stock
2023-11-24+33,710→ 101,108 total - Exercise/Conversion
Common Stock
2023-11-24+12,395→ 102,938 total
Footnotes (8)
- [F1]Restricted stock units were converted into common stock on a one-for-one basis.
- [F2]Represents shares withheld to satisfy tax obligations upon the vesting of restricted stock units.
- [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 16,855).
- [F4]Represents shares withheld to satisfy tax obligations upon the vesting of performance share units.
- [F5]Represents shares issued in settlement of earned performance share units.
- [F6]On November 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.
- [F7]On November 24, 2020, the reporting person was granted performance shares which were based on performance over the three-year performance period ended October 31, 2023, subject to continued employment until the third anniversary of the grant date (November 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 (16,855). The Compensation Committee certified achievement at 200% of the target number, resulting in the award of 33,710 shares.
- [F8]On November 24, 2020, the reporting person was granted performance shares which were based on performance over the three-year performance period ended October 31, 2023, subject to continued employment until the third anniversary of the grant date (November 24, 2023). The performance goal was the TSR of the Company relative to the TSR of the Russell 2000 Index during the performance period. The Compensation Committee certified achievement at 73.54% of the target number previously reported (16,855), resulting in the award of 12,395 shares.