Jordan Tyrone Michael 4

What Happened

• Jordan Tyrone Michael, a director of FuelCell Energy, received a grant of 17,424 deferred common stock units on 2026-04-08. The units were reported as a derivative acquisition (transaction code A) at $0.00 — i.e., a non-cash award under the company’s directors’ deferred compensation plan rather than an open-market purchase or sale.

Key Details

• Transaction date: 2026-04-08; Form 4 filed: 2026-04-10 (timely filing).
• Security: Deferred common stock units (derivative), 17,424 units; acquisition price reported $0.00.
• Shares owned after transaction: Not specified in the filing.
• Footnote: The units are issued under the FuelCell Energy, Inc. Directors Deferred Compensation Plan and are payable one-for-one in common stock upon the reporting person’s separation from service as a director.
• Transaction type: Award/grant (compensation), not a market buy or sell.

Context

• Deferred stock unit grants are a form of director compensation and do not represent immediate share ownership or a direct purchase/sale. They typically convert to actual shares (one-for-one here) when the director leaves the board, so this grant should be viewed as routine compensation rather than a contemporaneous vote of confidence in the market price.