Page 30 - 2021 Proxy Statement

OPTION EXERCISES AND STOCK VESTED IN FISCAL YEAR 2020
FOR NAMED EXECUTIVE OFFICERS

Option Exercises and Stock Vested
(a) Option Awards Stock Awards
Number of Shares Value Realized Number of Shares Value Realized
Acquired on Exercise on Exercise Acquired on Vesting on Vesting
Name (#)(b) ($)(c) (#)(d) ($)(e)(1)
Ellen T. Albrecht — — 35,000 110,000

Vincent J. Arnone — — 50,000 180,000
William E. Cummings, Jr. — — 34,810 98,650

OUTSTANDING EQUITY AWARDS AT 2020 FISCAL YEAR-END
FOR NAMED EXECUTIVE OFFICERS

At December 31, 2020 the following RSUs were outstanding. See the text under the caption Equity Grant
Practices section in the Compensation Discussion and Analysis above.

(a) (g) (h) (i) (j)
Equity Incentive
Number of Equity Incentive Plan Awards:
Units of Market Value of Plan Awards: Market or
Stock That Units of Stock Number of Payout Value of
Have Not That Have Not Unearned Units Unearned Units
Vested Vested That Have Not That Have Not
Name (#) ($)(1) Vested (#)(2) Vested ($)(1)
Ellen T. Albrecht 10,000 38,800 — —
Acting Treasurer, Controller and Principal
Financial Officer
Vincent J. Arnone — — — —
President and Chief Executive Officer
William E. Cummings, Jr. 16,667 64,668 — —
Senior Vice President, Sales

(1) Market value reflects a per RSU value of $0.95, the closing price of Fuel Tech’s Common Stock on December 31, 2020.

FUEL TECH, INC. l PROXY STATEMENT 22