FuelCell Energy awards Hopper 2,231 stock units

The units vest at the issuer’s 2027 annual stockholder meeting and may be settled in cash or common shares at committee discretion.

Rhea-AI Filing Summary

FuelCell Energy Inc. (FCEL) reported that director Peter B. Hopper received a direct award of 2,231 restricted stock units on October 26, 2026, representing 2,231 underlying common shares. The units vest on the date of the issuer’s regularly scheduled annual stockholder meeting to be held in 2027 and are to be settled in cash or common shares, at the discretion of the Compensation and Leadership Development Committee.

Insider Trade Summary

Grant/Award: 2,231 shares

Grant/Award 1 txn

Insider Hopper Peter B.

Role Director

Type	Security	Shares	Price	Value
Grant/Award	Director Restricted Stock Unit F1	2,231	$0.00	$0.00

Holdings After Transaction: Director Restricted Stock Unit — 2,231 contracts (Direct)

Footnotes (1)

1. F1. These restricted stock units (i) vest on the date of the regularly scheduled annual meeting of the stockholders of the Issuer to be held in 2027, and (ii) are to be settled in cash or in shares of the Company's common stock, at the discretion of the Compensation and Leadership Development Committee, as the administrator under the 2018 Omnibus Incentive Plan, as amended and restated.

Key Figures

Restricted stock units awarded: 2,231 restricted stock units Underlying common shares: 2,231 shares Vesting year: 2027

3 metrics

Restricted stock units awarded 2,231 restricted stock units Awarded October 26, 2026

Underlying common shares 2,231 shares Shares underlying the restricted stock units

Vesting year 2027 Date of the regularly scheduled annual stockholder meeting

Key Terms

restricted stock units, vest, 2018 Omnibus Incentive Plan

3 terms

restricted stock units financial

"These restricted stock units"

Restricted stock units are a type of company reward where employees are promised shares of stock, but they only fully own these shares after meeting certain conditions, like staying with the company for a set time. They matter because they can become valuable assets and are often used to motivate employees to help the company succeed.

vest financial

"vest on the date of the regularly scheduled annual meeting"

A vest is the process by which an employee earns the right to receive certain benefits or ownership interests, such as stock or retirement funds, over time. It’s similar to earning a reward gradually, ensuring that the benefit becomes fully yours only after a set period or meeting specific conditions. This makes it important for investors because it determines when they can actually claim or use those benefits.

2018 Omnibus Incentive Plan financial

"administrator under the 2018 Omnibus Incentive Plan"

FAQ

AI-generated questions and answers. How Rhea-AI works. Not financial advice.

How many FCEL restricted stock units did Peter B. Hopper receive?

Director Peter B. Hopper received 2,231 restricted stock units on October 26, 2026. They vest on the date of the issuer’s regularly scheduled annual stockholder meeting to be held in 2027 and are to be settled in cash or common shares at the Compensation and Leadership Development Committee’s discretion.

AI-generated analysis. How Rhea-AI works. Not financial advice.

Form 4 Insider Transactions: What Each Field Means →

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Available on EDGAR 10/30/2026 - 05:25 PM EDT Accepted by SEC EDGAR 10/30/2026 - 05:25 PM EDT Learn about SEC filing dates

SEC Form 4

FORM 4

UNITED STATES SECURITIES AND EXCHANGE COMMISSION
Washington, D.C. 20549

STATEMENT OF CHANGES IN BENEFICIAL OWNERSHIP

Filed pursuant to Section 16(a) of the Securities Exchange Act of 1934
or Section 30(h) of the Investment Company Act of 1940

OMB APPROVAL

OMB Number:			3235-0287
Estimated average burden
hours per response:			0.5

Check this box if no longer subject to Section 16. Form 4 or Form 5 obligations may continue. See Instruction 1(b).

Check this box to indicate that a transaction was made pursuant to a contract, instruction or written plan for the purchase or sale of equity securities of the issuer that is intended to satisfy the affirmative defense conditions of Rule 10b5-1(c). See Instruction 10.

1. Name and Address of Reporting Person^*

Hopper Peter B.

(Last) (First) (Middle)

C/O FUELCELL ENERGY, INC.

3 GREAT PASTURE ROAD

(Street)

DANBURY CONNECTICUT 06810

(City) (State) (Zip)

UNITED STATES

(Country)

2. Issuer Name and Ticker or Trading Symbol
FUELCELL ENERGY INC [ FCEL ]

5. Relationship of Reporting Person(s) to Issuer
(Check all applicable)

X	Director		10% Owner
	Officer (give title below)		Other (specify below)

2a. Foreign Trading Symbol

3. Date of Earliest Transaction (Month/Day/Year)
10/26/2026

6. Individual or Joint/Group Filing (Check Applicable Line)

X	Form filed by One Reporting Person
	Form filed by More than One Reporting Person

4. If Amendment, Date of Original Filed (Month/Day/Year)

Table I - Non-Derivative Securities Acquired, Disposed of, or Beneficially Owned
1. Title of Security (Instr. 3)	2. Transaction Date (Month/Day/Year)	2A. Deemed Execution Date, if any (Month/Day/Year)	3. Transaction Code (Instr. 8)		4. Securities Acquired (A) or Disposed Of (D) (Instr. 3, 4 and 5)			5. Amount of Securities Beneficially Owned Following Reported Transaction(s) (Instr. 3 and 4)	6. Ownership Form: Direct (D) or Indirect (I) (Instr. 4)	7. Nature of Indirect Beneficial Ownership (Instr. 4)
			Code	V	Amount	(A) or (D)	Price

Table II - Derivative Securities Acquired, Disposed of, or Beneficially Owned (e.g., puts, calls, warrants, options, convertible securities)
1. Title of Derivative Security (Instr. 3)	2. Conversion or Exercise Price of Derivative Security	3. Transaction Date (Month/Day/Year)	3A. Deemed Execution Date, if any (Month/Day/Year)	4. Transaction Code (Instr. 8)		5. Number of Derivative Securities Acquired (A) or Disposed of (D) (Instr. 3, 4 and 5)		6. Date Exercisable and Expiration Date (Month/Day/Year)		7. Title and Amount of Securities Underlying Derivative Security (Instr. 3 and 4)		8. Price of Derivative Security (Instr. 5)	9. Number of derivative Securities Beneficially Owned Following Reported Transaction(s) (Instr. 4)	10. Ownership Form: Direct (D) or Indirect (I) (Instr. 4)	11. Nature of Indirect Beneficial Ownership (Instr. 4)
				Code	V	(A)	(D)	Date Exercisable	Expiration Date	Title	Amount or Number of Shares
Director Restricted Stock Unit	$0(1)	10/26/2026		A		2,231		(1)	(1)	Common Stock	2,231	$0	2,231	D

Explanation of Responses:

1. These restricted stock units (i) vest on the date of the regularly scheduled annual meeting of the stockholders of the Issuer to be held in 2027, and (ii) are to be settled in cash or in shares of the Company's common stock, at the discretion of the Compensation and Leadership Development Committee, as the administrator under the 2018 Omnibus Incentive Plan, as amended and restated.

	/s/ Amanda Schreiber, As Power of Attorney	10/30/2026
	** Signature of Reporting Person	Date
Reminder: Report on a separate line for each class of securities beneficially owned directly or indirectly.
* If the form is filed by more than one reporting person, see Instruction 4 (b)(v).
** Intentional misstatements or omissions of facts constitute Federal Criminal Violations See 18 U.S.C. 1001 and 15 U.S.C. 78ff(a).
Note: File three copies of this Form, one of which must be manually signed. If space is insufficient, see Instruction 6 for procedure.
Persons who respond to the collection of information contained in this form are not required to respond unless the form displays a currently valid OMB Number.
* Form 4: SEC 1474 (03-26)