FuelCell Energy appoints Shankar Achanta EVP CPTO; FY2025 LTI awards to NEOs total ~$2.3M

FUELCELL ENERGY INC

Shankar Achanta promoted to EVP Chief Product & Technology Officer, effective Jan 1, 2025; base salary $400k, target bonus 60%.
FY2025 LTI grants: 50% relative TSR performance shares (vs Russell 2000) and 50% time-vesting RSUs.
CEO Jason Few target LTI award $1,158,300; CFO Bishop $450k; GC Dolger $247.5k; EVPs Lisowski & Feasel $220k each.
TSR performance shares capped at 200% of target; if absolute TSR negative, cap at 100%.
Achanta employment agreement: six-month severance salary standard; change-in-control severance: 1-year salary + avg bonus.

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