FuelCell Energy Inc. has announced a new compensation plan for Michael Lisowski, its departing Executive Vice President of Strategic Partnerships. Effective July 4, 2025, Lisowski will receive a severance payment of $400,000.12, equivalent to 12 months of his annual base salary, dispensed in installments over the year. Additionally, he will be eligible to earn a pro rata portion of his performance stock units based on actual performance outcomes and will benefit from the accelerated vesting of 17,218 unvested time-vesting restricted stock units. He remains eligible for a fiscal year 2025 management incentive plan award, contingent on company performance and subject to adjustments by the Compensation and Leadership Development Committee. Furthermore, the company will cover its portion of costs for continued medical, dental, and vision benefits under COBRA for up to 12 months. These benefits are contingent on Lisowski's compliance with specific covenants and the release of claims.
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