England James Herbert 4

What Happened

• James Herbert England, a director of FuelCell Energy, was granted 3,902 deferred common stock units on April 15, 2026. The units were awarded at $0.00 (no cash paid) and reported as a derivative award (Form 4 code A). The grant reflects director compensation rather than an open-market purchase or sale.

Key Details

• Transaction date: April 15, 2026; Form filed April 17, 2026 (appears timely).
• Award: 3,902 deferred common stock units; acquisition price reported $0.00; aggregate value $0 (derivative unit grant).
• Shares owned after transaction: Not reported on this filing.
• Footnote: Units represent director retainer and committee fees paid in stock under the Director Compensation Program and are deferred under the Directors Deferred Compensation Plan. Per the reporting person’s election, each deferred common stock unit is payable one-for-one in common stock upon separation from service as a director.
• No 10b5-1 or sale plan noted; this is routine compensation, not a purchase signal.

Context

• These are deferred compensation units (derivative awards), not shares purchased on the open market; they convert to actual shares only upon the director’s separation from service. Such awards are common for board compensation and do not necessarily indicate insider trading sentiment.