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Energy Vault Holdings, Inc. Announces Inducement Grants Under NYSE Listing Rule 303A.08
WESTLAKE VILLAGE, Calif., August 22, 2025--Energy Vault Holdings, Inc. ("Energy Vault") (NYSE: NRGV), a global energy storage company today announced that, effective On July 30, 2025, the Compensation Committee of Energy Vault’s Board of Directors granted to 7 new, non-executive employees, restricted stock unit awards covering 371,659 shares of its common stock under the Energy Vault Holdings, Inc. 2022 Employment Inducement Award Plan (as amended and/or restated, the "Inducement Award Plan"). O
About this update from Energy Vault Holdings, Inc.
[{"type":"text","content":"WESTLAKE VILLAGE, Calif., August 22, 2025--(BUSINESS WIRE)--Energy Vault Holdings, Inc. ("Energy Vault") (NYSE: NRGV), a global energy storage company today announced that, effective On July 30, 2025, the Compensation Committee of Energy Vault’s Board of Directors granted to 7 new, non-executive employees, restricted stock unit awards covering 371,659 shares of its common stock under the Energy Vault Holdings, Inc. 2022 Employment Inducement Award Plan (as amended and/or restated, the "Inducement Award Plan"). Out of 7 new, non-executive employees, the Compensation Committee granted a performance-based restricted stock unit award (the "PSU Award") to 1 of them covering 300,000 shares of the Company’s common stock under the Inducement Award Plan. The restricted stock units and performance-based restricted stock units were granted as inducements material to the employees entering into employment with Energy Vault in accordance with New York Stock Exchange Listing Rule 303A.08.","length":1019,"tagName":"p"},{"type":"text","content":"The Inducement Award Plan is used exclusively for the grant of equity awards to individuals who were not previously employees of Energy Vault, or following a bona fide period of non-employment, as an inducement material to such individuals’ entering into employment with Energy Vault, pursuant to New York Stock Exchange Listing Rule 303A.08.","length":342,"tagName":"p"},{"type":"text","content":"The restricted stock unit awards will each vest (subject to the employee’s continued service to Energy Vault) as to 25% of the shares of common stock subject to the award, on the first anniversary of the vesting commencement date, and as to 6.25% of the shares of common stock subject to the award, upon the employee’s completion of each three-month period of continuous service thereafter. The PSU Award will vest (subject to the employee’s continued service) if Energy Vault’s stock price reaches certain price targets ($1.50 as to one-third of the PSU Award, $2.00 as to one-third of the PSU Award and $2.50 as to one-third of the PSU Award) within four years after the grant date.","length":684,"tagName":"p"},{"type":"text","content":"Each of these awards are subject to the terms and conditions of the Inducement Award Plan and an award agreement thereunder.","length":124,"tagName":"p"},{"...