STOCK TITAN

FuelCell Energy (FCEL) grants director Cynthia Hansen 988 deferred stock units

Filing Impact
(Neutral)
Filing Sentiment
(Neutral)
Form Type
4

Rhea-AI Filing Summary

Hansen Cynthia L reported acquisition or exercise transactions in this Form 4 filing.

FuelCell Energy director Cynthia L. Hansen received a grant of 988 Deferred Common Stock Units on 2026-07-15 as payment of director and committee fees under the company’s Director Compensation Program. These units raise her deferred holdings to 63,898 and are payable in an equal number of common shares upon separation from service.

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Insider Hansen Cynthia L
Role Director
Type Security Shares Price Value
Grant/Award Deferred Common Stock Units 988 $0.00 --
Holdings After Transaction: Deferred Common Stock Units — 63,898 shares (Direct)
Footnotes (1)
  1. [object Object]
Deferred units granted 988 Deferred Common Stock Units Grant to director Cynthia L. Hansen on 2026-07-15 as fees
Deferred units after transaction 63,898 Deferred Common Stock Units Total deferred holdings for Cynthia L. Hansen following the award
Transaction price per unit $0.0000 per unit Non-cash grant of Deferred Common Stock Units as director compensation
Underlying common shares 988 shares of Common Stock One share of common stock for each deferred common stock unit
Deferred Common Stock Units financial
"Represents director retainer and committee fees paid in stock pursuant to the FuelCell Energy, Inc. Director Compensation Program."
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
"Represents director retainer and committee fees paid in stock pursuant to the FuelCell Energy, Inc. Director Compensation Program."
Directors Deferred Compensation Plan financial
"As such fees are being deferred pursuant to the FuelCell Energy, Inc. Directors Deferred Compensation Plan, deferred common stock units are being issued"
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.
separation from service financial
"shares of common stock underlying the common stock units are payable ... upon separation from service as a director."
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FAQ

What insider transaction did FuelCell Energy (FCEL) report for Cynthia L. Hansen?

FuelCell Energy reported that director Cynthia L. Hansen received a grant of 988 Deferred Common Stock Units as part of her director and committee fee compensation, issued under the company’s Director Compensation Program and deferred compensation plan.

How many deferred units does Cynthia L. Hansen now hold at FuelCell Energy (FCEL)?

After this award, Cynthia L. Hansen holds 63,898 Deferred Common Stock Units. Each unit corresponds to one share of common stock, payable on a one-for-one basis when she separates from service as a director.

Was cash paid in the Form 4 transaction reported for FuelCell Energy (FCEL) director Cynthia L. Hansen?

No cash changed hands; the 988 units were granted at a stated price of $0.0000 per unit as non-cash director and committee fee compensation under FuelCell Energy’s Director Compensation Program.

What security type did Cynthia L. Hansen receive in the FuelCell Energy (FCEL) Form 4?

She received Deferred Common Stock Units, each representing one underlying share of FuelCell Energy common stock. These units are issued under the Directors Deferred Compensation Plan rather than being purchased in the open market.

When will Cynthia L. Hansen receive FuelCell Energy (FCEL) common shares for her deferred units?

Under the Directors Deferred Compensation Plan, the common shares underlying Cynthia L. Hansen’s deferred units are payable on a one-for-one basis when she separates from service as a director of FuelCell Energy.
SEC Form 4
FORM 4UNITED 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*
Hansen Cynthia L

(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)
XDirector10% 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)
XForm 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)
CodeVAmount(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)
CodeV(A)(D)Date ExercisableExpiration DateTitleAmount or Number of Shares
Deferred Common Stock Units(1)07/15/2026A988 (1) (1)Common Stock988$063,898D
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 Attorney07/16/2026
** Signature of Reporting PersonDate
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)