Form 4: FuelCell Energy Director Hansen Receives Deferred Common Stock Units
SEC Form 4 Filing
Director Cynthia L. Hansen receives 100,877 deferred common stock units from FuelCell Energy, Inc.
Summary
- On April 15, 2024, Cynthia L. Hansen, a director of FuelCell Energy Inc., was granted 100,877 deferred common stock units.
- These units were issued under the FuelCell Energy, Inc. Directors Deferred Compensation Plan.
- The shares of common stock underlying these units are payable to Hansen on a one-for-one basis upon separation from service as a director.
- Following this transaction, Hansen beneficially owns 223,916 shares of FuelCell Energy Inc.
Sentiment
Score: 5
Explanation: The document is a routine regulatory filing detailing director compensation, with neutral sentiment.
Future Outlook
The shares of common stock underlying the common stock units are payable to the reporting person, on a one-for-one basis, upon separation from service as a director.
Industry Context
This filing reflects standard compensation practices for board members, often including deferred stock units to align director interests with long-term shareholder value.
Stakeholder Impact
- The granting of deferred stock units aligns the director's interests with those of the shareholders, encouraging long-term value creation.
Key Dates
| Date | Description |
|---|---|
| 04/15/2024 | Date of transaction: Cynthia L. Hansen received 100,877 deferred common stock units. |
| 04/17/2024 | Date of signature: Form 4 signed by Michael S. Bishop as Power of Attorney. |
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