FuelCell Energy (FCEL) Director Cynthia Hansen Receives 988-Share Award
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FuelCell Energy (FCEL) Director Cynthia Hansen Receives 988-Share Award
What Happened Cynthia L. Hansen, a director of FuelCell Energy, received a grant of 988 deferred common stock units on 2026-07-15 as director compensation. The units were issued at $0.00 (no cash purchase) and are derivative awards that represent the right to receive one share of common stock per unit when she separates from service as a director.
Key Details
- Transaction date: 2026-07-15; Filing date: 2026-07-16 (timely filing).
- Amount: 988 deferred common stock units granted; acquisition price reported as $0.00.
- Shares owned after transaction: Not specified in the filing.
- Footnote: Units issued under the FuelCell Energy Director Compensation Program and deferred under the Directors Deferred Compensation Plan; shares underlying units payable one-for-one upon separation from service (see footnote F1).
- Transaction type: Award/Grant (derivative units), code A on Form 4.
Context This was a routine director compensation payment converted into deferred stock units rather than an open-market purchase or sale. Because the units are deferred and payable upon separation, they do not represent immediate sale or cash inflow and are common for non-employee directors. No 10b5-1 plan, tax withholding, or late-filing issues were indicated.