---
schema_version: "secwatch.filing_event.v1"
accession: "0001104659-25-117380"
form_type: "8-K"
ticker: "FCEL"
cik: "0000886128"
company_name: "FUELCELL ENERGY INC"
filed_at: "2025-12-01T23:59:59+00:00"
generated_at: "2026-05-16T16:00:04.894956+00:00"
event_type: "other"
sentiment: "neutral"
materiality_score: 0.5
calibrated_materiality_score: 0.5
confidence: "high"
source: SEC EDGAR
---

# FuelCell Energy sets FY 2026 LTI awards; CEO target $1.7M, TSR goals 20-50%

## Summary
- CEO Jason Few, CFO Michael Bishop, GC Joshua Dolger receive FY 2026 LTI awards: target values $1.7M, $800k, $550k.
- Awards split 50/50 between TSR performance shares and time-vesting RSUs; TSR goals range 20%-50% over three periods.
- Beginning stock price $7.61; performance shares capped at 235% of target with price cap at $190.25 per share.
- Unvested awards forfeited on termination before third anniversary; awards may be cash-settled if insufficient shares.

## SEC filing metadata
- accession: 0001104659-25-117380
- form_type: 8-K
- ticker: FCEL
- cik: 0000886128
- company_name: FUELCELL ENERGY INC
- filed_at: 2025-12-01T23:59:59+00:00
- event_type: other
- sentiment: neutral
- materiality_score: 0.5
- calibrated_materiality_score: 0.5
- confidence: high
- sec_items: 5.02, 9.01
- EDGAR index: https://www.sec.gov/Archives/edgar/data/886128/000110465925117380/0001104659-25-117380-index.htm
- EDGAR primary document: https://www.sec.gov/Archives/edgar/data/886128/000110465925117380/fcel-20251128x8k.htm

## Machine-readable alternates
- HTML: https://secwatch.observer/filing/0001104659-25-117380
- JSON: https://secwatch.observer/filing/0001104659-25-117380.json
- Plain text: https://secwatch.observer/filing/0001104659-25-117380.txt

This AI-assisted summary is a reading aid. Review the linked SEC EDGAR filing before relying on any specific claim.