Form 4: FuelCell Energy Director Bingham Converts Restricted Stock Units to Common Stock
SEC Form 4 Filing
Director Betsy B. Bingham converted restricted stock units into common stock of FuelCell Energy on April 15, 2025.
Summary
- On April 15, 2025, Betsy B. Bingham, a director of FuelCell Energy, converted 3,362 restricted stock units (RSUs) into common stock.
- The conversion occurred on a one-for-one basis.
- Following the transaction, Bingham directly owns 8,608 shares of FuelCell Energy common stock.
- This includes a correction to include one additional share that should have been included in the previous Form 4 filed on January 16, 2025 but was not due to an inadvertent rounding error in calculating the amount of securities beneficially owned following the reverse stock split.
- Bingham also holds 1,341 derivative securities, including deferred common units and RSUs that vested in April 2022 but were deferred until separation from service as a director.
Sentiment
Score: 5
Explanation: The document is a standard regulatory filing detailing an insider transaction. It doesn't inherently convey positive or negative sentiment, but rather provides factual information.
Industry Context
This Form 4 filing is a routine disclosure related to insider transactions and is required by the SEC to ensure transparency in the market. It provides information about a director's holdings and transactions in the company's stock.
Comparison to Industry Standards
- Form 4 filings are standard practice for publicly traded companies and their insiders, ensuring compliance with SEC regulations.
- Similar filings are made by directors and officers of companies like Bloom Energy (BE), Plug Power (PLUG), and Ballard Power Systems (BLDP) when they engage in transactions involving their company's stock.
Stakeholder Impact
- The transaction may have a minor impact on shareholders by slightly increasing the number of outstanding shares.
Key Dates
| Date | Description |
|---|---|
| April 2022 | 102 RSUs vested but were deferred until separation from service as a director. |
| November 8, 2024 | 1-for-30 reverse stock split effected by the Issuer. |
| January 16, 2025 | Previous Form 4 filing date with an inadvertent rounding error. |
| April 15, 2025 | Date of RSU conversion to common stock. |
| April 23, 2025 | Date of signature on the Form 4 filing. |
Keywords
Form 4, FUELCELL ENERGY INC, FCEL, Director, Insider Trading, Beneficial Ownership, Restricted Stock Units, Common Stock, Bingham Betsy B
Disclaimer:The information provided here is for general informational purposes only and does not constitute financial advice, recommendation, or endorsement of any kind. It may contain errors or omissions. You should not rely on this information to make financial decisions. Always seek the advice of a qualified financial professional before making any investment or financial decisions. Use of this information is at your own risk.