Form 4: FuelCell Energy Executive Shankar Achanta Reports Stock Transactions
SEC Form 4 Filing
EVP Shankar Achanta reports the vesting of restricted stock units and subsequent tax withholding, resulting in changes to his beneficial ownership of FuelCell Energy stock.
Summary
- On May 8, 2025, Shankar Achanta, EVP, Chf. Product & Tech Ofc. of FuelCell Energy Inc., reported transactions involving FuelCell Energy's common stock.
- Achanta acquired 2,020 shares of common stock through the vesting of employee restricted stock units.
- Simultaneously, 492 shares were disposed of to satisfy tax obligations related to the vesting of these restricted stock units at a price of $4.19 per share.
- Following these transactions, Achanta directly owns 1,528 shares of FuelCell Energy common stock and 4,040 derivative securities.
Sentiment
Score: 5
Explanation: This is a routine regulatory filing related to executive compensation. It doesn't inherently indicate positive or negative sentiment about the company's performance.
Industry Context
Form 4 filings are routine disclosures required by the SEC to provide transparency into the transactions of company insiders. This filing indicates standard compensation practices involving stock-based compensation.
Stakeholder Impact
- The transactions have a minor impact on shareholders as they reflect standard executive compensation practices.
Key Dates
| Date | Description |
|---|---|
| May 8, 2024 | Reporting person was granted restricted stock units, which vest 1/3 on each of the first three anniversaries of the date of grant, subject to continued employment. |
| May 8, 2025 | Date of transaction: vesting of restricted stock units and tax withholding. |
| May 12, 2025 | Date of signature on the Form 4 filing. |
Keywords
Form 4, FUELCELL ENERGY INC, FCEL, Shankar Achanta, Beneficial Ownership, Restricted Stock Units, Tax Withholding, Executive Compensation
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