FuelCell Energy (FCEL) awards director 1,451 deferred stock units

Rhea-AI Filing Summary

England James Herbert reported acquisition or exercise transactions in this Form 4 filing.

FuelCell Energy director James Herbert England received a grant of 1,451 Deferred Common Stock Units as part of his director retainer and committee fees. These units correspond one-for-one to common shares, payable upon his separation from board service. After this award, he directly holds 87,947 deferred units.

Insider Trade Summary

1 transaction reported

Mixed 1 txn

Insider England James Herbert

Role Director

Type	Security	Shares	Price	Value
Grant/Award	Deferred Common Stock Units	1,451	$0.00	--

Holdings After Transaction: Deferred Common Stock Units — 87,947 shares (Direct)

Footnotes (1)

1. [object Object]

Key Figures

Deferred units granted: 1,451 units Deferred units after grant: 87,947 units Grant price per unit: $0.0000

3 metrics

Deferred units granted 1,451 units Grant of Deferred Common Stock Units to director on 2026-07-15

Deferred units after grant 87,947 units Total Deferred Common Stock Units held directly after the reported grant

Grant price per unit $0.0000 Stated transaction price per Deferred Common Stock Unit for this award

Key Terms

Deferred Common Stock Units, Director Compensation Program, Directors Deferred Compensation Plan

3 terms

Deferred Common Stock Units financial

"deferred common stock units are being issued to the reporting person"

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.

Director Compensation Program financial

"paid in stock pursuant to the FuelCell Energy, Inc. Director Compensation Program"

Directors Deferred Compensation Plan financial

"being deferred pursuant to the FuelCell Energy, Inc. Directors Deferred Compensation Plan"

A directors deferred compensation plan lets a board member postpone receiving part or all of their cash fees or stock-based pay until a future date, often retirement, allowing taxes to be delayed and payouts to be structured over time. Investors care because these plans change a company’s future cash obligations and reveal how the board’s pay is aligned with long-term performance—like choosing to take a paycheck later to tie personal reward to the company’s future results.

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

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Available on EDGAR 07/16/2026 - 05:36 PM Accepted by SEC EDGAR 07/16/2026 - 05:36 PM Learn about SEC filing dates

FAQ

What insider transaction did FCEL director James Herbert England report?

James Herbert England reported a grant of 1,451 Deferred Common Stock Units as part of his director retainer and committee fees. The units are credited now and will be settled in an equal number of FuelCell Energy common shares when he leaves the board.

Was the FCEL transaction a market purchase or sale of FuelCell Energy stock?

No. The reported activity was a compensation-related grant, not a market trade. England received 1,451 Deferred Common Stock Units at a stated price of $0.0000 per unit in lieu of cash fees, with settlement in shares upon separation from service.

How many deferred units does James Herbert England hold in FCEL after this grant?

Following the reported award, James Herbert England directly holds 87,947 Deferred Common Stock Units. Each unit represents the right to receive one share of FuelCell Energy common stock, which will be delivered when he separates from service as a director.

What are Deferred Common Stock Units at FuelCell Energy (FCEL)?

Deferred Common Stock Units are stock-denominated compensation credited instead of immediate cash or share payment. Under FuelCell Energy’s director plans, each unit entitles the holder to receive one common share, generally payable when the director leaves the board.

When will FCEL director James Herbert England receive the underlying shares for his deferred units?

FuelCell Energy states that the common shares underlying these units are payable upon separation from service as a director. At that time, England is scheduled to receive one share of common stock for each Deferred Common Stock Unit credited to his account.

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^*

England James Herbert

(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)
07/15/2026

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)	07/15/2026		A		1,451		(1)	(1)	Common Stock	1,451	$0	87,947	D

Explanation of Responses:

1. Represents director retainer and committee fees paid in stock pursuant to the FuelCell Energy, Inc. Director Compensation Program. As such fees are being deferred pursuant to the FuelCell Energy, Inc. Directors Deferred Compensation Plan, deferred common stock units are being issued to the reporting person. 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	07/16/2026
	** 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)