Bingham Betsy B 4

What Happened Betsy B. Bingham, a director of FuelCell Energy, had restricted stock units (RSUs) vest on April 21, 2026 and those RSUs were converted/settled into 23,859 shares of the company’s common stock. The transaction is reported as an exercise/conversion of a derivative (code M) with an effective price of $0.00, so no cash was paid in connection with the settlement.

Key Details

• Transaction date: April 21, 2026; Form 4 filed April 22, 2026 (filed promptly the next day).
• Reported mechanics: two Form 4 entries show 23,859 shares acquired and the corresponding derivative (23,859) converted/disposed — net new shares received = 23,859.
• Price: $0.00 per share (RSU settlement), reported value $0.
• Shares owned after transaction: not specified in the filing.
• Footnotes: F1 — RSUs converted one-for-one into common stock. F2 — These RSUs (i) vested on April 21, 2026 and (ii) were settled in shares of common stock.
• Transaction code: M (exercise or conversion of a derivative). No 10b5-1 plan, tax-withholding, or late-filing indicated.

Context This was a routine equity compensation event (vested RSUs settled in shares), not an open-market purchase or sale. Because no shares were sold, it does not represent a liquidity or bearish signal — it simply reflects compensation vesting and conversion into stock.