Cummings William E JR 4
4 · FUEL TECH, INC. · Filed Mar 27, 2026
Research Summary
AI-generated summary of this filing
Fuel Tech (FTEK) SVP William E. Cummings Jr. Receives RSU Award
What Happened William E. Cummings Jr., Senior Vice President, Sales at Fuel Tech, Inc. (FTEK), was granted 6,250 restricted stock units (RSUs) on March 24, 2026. The award is reported as a derivative grant (price reported $0.00) — RSUs are a contingent right to receive common shares if and when they vest. This was a compensation award, not an open-market purchase or sale.
Key Details
- Transaction date: 2026-03-24; grant type: Award/Grant (derivative); price reported: $0.00.
- Amount granted: 6,250 Restricted Stock Units (each RSU represents a right to one FTEK common share upon vesting).
- Vesting: RSUs vest in three equal installments — 1/3 at 1 year, 1/3 at 2 years, 1/3 at 3 years after the grant date (see filing footnote). Shares are generally delivered as soon as practicable after each vesting date unless the holder elects deferral.
- Shares owned following the transaction: not specified in the provided filing summary.
- Filing date: 2026-03-27 (reporting period 2026-03-24). The filing shows the grant; it does not indicate any sales or tax-withholding at grant.
Context RSU grants are a common form of executive compensation and represent potential future equity rather than immediate share ownership. They do not necessarily indicate the insider's intent to buy or sell stock; their primary purpose is typically retention and alignment with shareholder interests as the units vest over time.
Insider Transaction Report
- Award
Restricted Stock Units
[F1][F2]2026-03-24+6,250→ 6,250 total→ Common Stock (6,250 underlying)
Footnotes (2)
- [F1]Each Restricted Stock Unit represents a contingent right to receive one stock of FTEK Common Stock.
- [F2]The Restricted Stock Units vest in three installments: (i) one-third of the total RSUs awarded shall vest on the one year anniversary after the transaction date shown above, (ii) one-third shall vest on the second anniversary of the transaction date shown above, and (iii) one-third shall vest on the third anniversary of the transaction date shown above. Subject to the restrictions on distribution set forth in the registrant's RSU Award Agreement, generally, shares will be delivered to the reporting person in respect of vested RSUs as soon as practicable after each vesting date, unless the reporting person has elected to defer distribution until a later date.