Deferred stock grant for FuelCell Energy (NASDAQ: FCEL) director Sims Wilson

Rhea-AI Filing Summary

Sims Wilson Donna reported acquisition or exercise transactions in this Form 4 filing.

FuelCell Energy director Donna Sims Wilson received a grant of deferred equity compensation. On April 8, 2026, she was awarded 17,424 Deferred Common Stock Units, each representing one share of common stock. The award was made at a price of $0.00 per unit under the company’s Directors Deferred Compensation Plan.

The units are not paid out immediately. Instead, the underlying shares of common stock will be delivered to her on a one-for-one basis after she separates from service as a director. Following this grant, she holds a total of 46,724 Deferred Common Stock Units, reflecting routine, compensation-related ownership rather than an open-market stock purchase or sale.

Insider Trade Summary

1 transaction reported

Mixed 1 txn

Insider Sims Wilson Donna

Role Director

Type	Security	Shares	Price	Value
Grant/Award	Deferred Common Stock Units	17,424	$0.00	--

Holdings After Transaction: Deferred Common Stock Units — 46,724 shares (Direct)

Footnotes (1)

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Key Figures

Deferred stock units granted: 17,424 units Deferred units after transaction: 46,724 units Grant price per unit: $0.00 per unit +1 more

4 metrics

Deferred stock units granted 17,424 units Grant on April 8, 2026 to director

Deferred units after transaction 46,724 units Total Deferred Common Stock Units held post-grant

Grant price per unit $0.00 per unit Compensation award, not market purchase

Underlying common shares 17,424 shares One common share for each deferred unit

Key Terms

Deferred Common Stock Units, Directors Deferred Compensation Plan, separation from service as a director, underlying common stock

4 terms

Deferred Common Stock Units financial

"Deferred common stock units issued to the reporting person pursuant to the FuelCell Energy, Inc. Directors Deferred Compensation Plan."

Deferred common stock units are promises to deliver company shares or cash tied to the company’s stock value at a later date, typically used as part of employee or executive pay. Think of them like a paycheck you elect to receive in company stock at a future date; they can affect the number of shares outstanding and company expenses, so investors watch them for potential dilution and to understand management’s incentives.

Directors Deferred Compensation Plan financial

"Deferred common stock units issued to the reporting person pursuant to the FuelCell Energy, Inc. Directors Deferred Compensation Plan."

separation from service as a director financial

"shares of common stock underlying the common stock units are payable to the reporting person ... upon separation from service as a director."

underlying common stock financial

"the shares of common stock underlying the common stock units are payable to the reporting person"

Form 4 Insider Transactions: What Each Field Means →

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^*

Sims Wilson Donna

(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)
04/08/2026

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
Deferred Common Stock Units	(1)	04/08/2026		A		17,424		(1)	(1)	Common Stock	17,424	$0	46,724	D

Explanation of Responses:

1. Deferred common stock units issued to the reporting person pursuant to the FuelCell Energy, Inc. Directors Deferred Compensation Plan. In accordance with elections made by the reporting person under the Directors Deferred Compensation Plan, the shares of common stock underlying the common stock units are payable to the reporting person, on a one-for-one basis (i.e., one share of common stock for each common stock unit), upon separation from service as a director.

	/s/ Michael S. Bishop, As Power of Attorney	04/10/2026
	** 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)

FAQ

What did FuelCell Energy (FCEL) disclose in this Form 4 filing?

FuelCell Energy disclosed that director Donna Sims Wilson received 17,424 Deferred Common Stock Units as compensation. These units convert one-for-one into common shares, increasing her total deferred units to 46,724, and are payable after she leaves the board.

How many deferred stock units did the FCEL director receive and at what price?

Director Donna Sims Wilson received 17,424 Deferred Common Stock Units at a price of $0.00 per unit. This reflects a compensation grant rather than a market trade, increasing her deferred equity stake in FuelCell Energy without any cash payment.

When will the deferred stock units for FuelCell Energy (FCEL) be paid out?

The deferred stock units will be paid out after Donna Sims Wilson separates from service as a director. At that time, she will receive one share of FuelCell Energy common stock for each unit, aligning her compensation with long-term board tenure.

How many deferred common stock units does the FCEL director hold after this transaction?

After the grant, Donna Sims Wilson holds a total of 46,724 Deferred Common Stock Units. This total includes the newly awarded 17,424 units and represents her accumulated deferred equity compensation tied to FuelCell Energy board service.

Does this FuelCell Energy (FCEL) Form 4 show a stock purchase or sale?

No, the Form 4 shows a grant of 17,424 Deferred Common Stock Units as director compensation, not a market purchase or sale. The units were awarded at $0.00 and will convert into common shares after the director leaves the board.