Item 8.01.Other Events.

Long Term Incentive Plan Award to Mark Feasel

On May 16, 2022, the Compensation Committee of the Board of Directors of FuelCell Energy, Inc. (the "Company") granted to Mark Feasel, the Company's Executive Vice President and Chief Commercial Officer, performance shares and time-vesting restricted stock units under the previously-approved Long Term Incentive Plan (the "LTI Plan"), which is a sub-plan consisting of awards made under the Company's 2018 Omnibus Incentive Plan. The grants made to Mr. Feasel were made on substantially the same terms, with the same performance period and the same performance metrics, as the grants made to the other executive officers of the Company on December 10, 2021.

Mr. Feasel's fiscal year 2022 target award value under the LTI Plan is $360,000.

His award, consistent with the awards made to the other executive officers on December 10, 2021, consists of two equally weighted components: (1) relative total shareholder return ("TSR") performance shares (50%) and (2) time-vesting restricted stock units (50%). The target number of performance shares and the target number of time-vesting restricted stock units granted to Mr. Feasel were determined by dividing Mr. Feasel's target award value by the average closing price of the Company's common stock over the 20 consecutive trading days preceding December 10, 2021, which was $9.20. Accordingly, Mr. Feasel received a grant of 19,566 relative TSR performance shares and 19,565 time-based restricted stock units on May 16, 2022.

Consistent with the awards made to the other executive officers on December 10, 2021, the TSR performance shares will be earned over the three-year performance period ending on October 31, 2024, but will remain subject to a continued service-based vesting requirement until December 10, 2024. The performance measure for the relative TSR performance shares is the TSR of the Company relative to the TSR of the Russell 2000 from November 1, 2021 through October 31, 2024. For purposes of calculating TSR, the Company's stock price will be measured using the average closing price over the 20 consecutive trading days preceding the measurement date.

The time-vesting restricted stock units will vest at a rate of one-third (1/3) of the total number of restricted stock units on each of December 10, 2022, December 10, 2023, and December 10, 2024.

None of the awards granted to Mr. Feasel include any dividend equivalent or other stockholder rights. To the extent the awards are earned, they may be settled in shares or cash of an equivalent value.

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