secwatch.observer — SEC 8-K summary
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Issuer:     FUELCELL ENERGY INC (FCEL)
CIK:        0000886128
Form:       8-K
Filed at:   2023-12-15T23:59:59+00:00
Accession:  0001104659-23-126455
Event type: other
Sentiment:  neutral
Materiality: 0.50
Item codes: 5.02, 9.01
LLM model:  deepseek-v4-flash:cloud@v2

FuelCell Energy approves FY2024 LTI awards for CEO Few ($2.57M) and other top executives
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- CEO Jason Few target LTI award $2,574,000; CFO Bishop $1,000,000; three EVPs $550,000 each.
- Awards are 50% relative TSR performance shares (contingent on shareholder approval) and 50% time-vesting RSUs.
- Performance period Nov 1, 2023 to Oct 31, 2026; TSR vs Russell 2000 with max payout 200% of target.
- RSUs vest 1/3 annually; performance shares require continued service through third anniversary of grant date.
- Performance share grant cancelled if shareholders do not authorize additional shares at 2024 annual meeting.

Source:
  EDGAR index:    https://www.sec.gov/Archives/edgar/data/886128/000110465923126455/0001104659-23-126455-index.htm
  Primary doc:    https://www.sec.gov/Archives/edgar/data/886128/000110465923126455/tm2332894d1_8k.htm
  HTML page:      https://secwatch.observer/filing/0001104659-23-126455

License: Source filings: public domain (SEC EDGAR). Summaries (headline + bullets): CC-BY-4.0; attribute https://secwatch.observer