Cummings William E JR 4
4 · FUEL TECH, INC. · Filed Mar 4, 2024
Insider Transaction Report
Form 4
FUEL TECH, INC.FTEK
Cummings William E JR
Senior Vice President
Transactions
- Award
Restricted Stock Units
2024-02-29+9,400→ 9,400 total→ Common Stock (9,400 underlying)
Footnotes (2)
- [F1]Each Restricted Stock Unit represents a contingent right to receive one stock of FTEK Common Stock.
- [F2]The Restricted Stock Units vest in three installments: (i) one-third of the total RSUs awarded shall vest on the one year anniversary after the transaction date shown above, (ii) one-third shall vest on the second anniversary of the transaction date shown above, and (iii) one-third shall vest on the third anniversary of the transaction date shown above. Subject to the restrictions on distribution set forth in the registrant's RSU Award Agreement, generally, shares will be delivered to the reporting person in respect of vested RSUs as soon as practicable after each vesting date, unless the reporting person has elected to defer distribution until a later date.