ZEITLER DENNIS L 4

What Happened

• Dennis L. Zeitler, a director of Fuel Tech, Inc. (FTEK), was granted 15,000 Restricted Stock Units (RSUs) on June 4, 2026 (reported June 5, 2026). The filing lists the acquisition price as $0.00, reflecting an award/grant (transaction code A) of a derivative security rather than an open‑market purchase. The RSUs represent a contingent right to receive one share of FTEK common stock per unit upon vesting.

Key Details

• Transaction date: 2026-06-04; Filing date (Form 4): 2026-06-05.
• Grant amount: 15,000 RSUs; reported price: $0.00 (award).
• Vesting: RSUs vest on the one‑year anniversary of the transaction date (i.e., June 4, 2027) (see footnote F2).
• Approval: Grant was approved by the non‑employee directors of the Compensation Committee on June 3, 2026 (footnote F1).
• Shares owned after transaction: Not specified in the filing.
• Timeliness: Filing appears timely (not noted as late).

Context

• RSUs are a form of deferred compensation: they do not deliver shares immediately. The recipient receives shares (or equivalent value) only if vesting conditions are met. Such awards are common for directors and executives and are routine compensation rather than direct market bets.