FuelCell (FCEL) Director James England Receives 1,451-Unit Award

What Happened

• James Herbert England, a director of FuelCell Energy, Inc. (FCEL), was granted 1,451 deferred common stock units on 2026-07-15. The filing records the acquisition price as $0.00 (transaction code A — award/grant), and the reported dollar value in the Form 4 is $0. These are derivative awards (deferred stock units), not an open-market purchase or sale.

Key Details

• Transaction date: 2026-07-15; Form 4 filed: 2026-07-16 (timely under Form 4 rules).
• Price: $0.00 per unit; total recorded value: $0 (award of deferred units).
• Shares owned after transaction: not specified in the filing.
• Footnote: Units represent director retainer and committee fees paid in stock under the FuelCell Director Compensation Program and Directors Deferred Compensation Plan. Deferred common stock units were issued; underlying common shares are payable one-for-one upon separation from service.
• Transaction type: A = Award/Grant (derivative deferred units).

Context

• Deferred common stock units are a form of compensation; they do not represent immediate cash payment or an open-market purchase and typically convert to actual shares (one-for-one here) when the director leaves service. Such awards are routine for non-employee directors and should be viewed as compensation rather than an independent signal of insider buying or selling.