BAILEY DOUGLAS G 4

What Happened
Douglas G. Bailey, a director of Fuel Tech, Inc. (FTEK), received a grant of 15,000 restricted stock units (RSUs) on June 4, 2026. The RSUs were granted at $0.00 (no purchase price) and are recorded as derivative awards; the grant was approved by the non-employee directors of the Compensation Committee on June 3, 2026. Per the filing, the RSUs vest on the one-year anniversary of the transaction date.

Key Details

• Transaction date: June 4, 2026. Form 4 filed June 5, 2026 (filed one day after the transaction, within the usual two-business-day requirement).
• Grant: 15,000 Restricted Stock Units (RSUs); price reported $0.00; aggregate transaction value $0 per Form 4 (value realized depends on FTEK share price at settlement).
• Vesting: RSUs vest on the one-year anniversary of the transaction date (per footnote).
• Approval: Grant approved by non-employee directors of the Compensation Committee on June 3, 2026 (per footnote).
• Shares owned after transaction: Not specified in the provided filing excerpt.
• Transaction type: Award/grant of a derivative security (code A).

Context
RSUs are a contingent right to receive common shares upon vesting — they do not typically convey voting rights or settled shares until vested/settled. Grants to directors are common as compensation and do not necessarily signal the director is buying or selling stock; outright purchases are generally a clearer bullish signal. This filing appears timely and documents a compensation award rather than an open-market trade.