Form 4: Director Dylan Hixon Receives Energy Vault RSU Grant

Energy Vault Holdings, Inc. director Dylan Hixon was granted 19,153 restricted stock units as part of his board compensation.

Summary

• Director Dylan Hixon acquired 19,153 restricted stock units (RSUs) of Energy Vault Holdings, Inc. (NRGV) on May 29, 2026.
• Each RSU represents a contingent right to receive one share of common stock upon vesting.
• The RSUs are scheduled to vest on June 1, 2027, subject to continued service on the Board.
• Following this transaction, Mr. Hixon's direct holdings increased to 117,602 shares, with an additional 900,065 shares held indirectly through Arden Road Investments LLC.

Sentiment

Score: 5

Explanation: StockSavvy.ai views this as a routine administrative filing regarding director compensation with no material impact on company operations or financial outlook.

Positives

• Alignment of director interests with shareholders through equity-based compensation.
• Retention of board member through long-term vesting schedule.

Negatives

• None identified in this filing.

Risks

• Vesting is contingent upon the reporting person's continued service on the Board.

Future Outlook

The RSUs will vest on June 1, 2027, provided the director remains in service to the company.

Management Comments

• The RSUs represent a contingent right to receive one share of Common Stock.

Industry Context

StockSavvy.ai notes that equity grants to board members are standard corporate governance practice to ensure long-term alignment between leadership and shareholder value in the energy storage sector.

Comparison to Industry Standards

• The use of RSUs for director compensation is consistent with standard practices for publicly traded technology and energy companies.
• The one-year vesting period is a common retention mechanism for board members.

Related Party Transactions

• Mr. Hixon is the sole trustee of the Dylan Trust, which holds shares in Arden Road Investments LLC.

Stakeholder Impact

• Minimal impact on shareholders as this is a standard equity compensation grant.

Next Steps

• Vesting of the 19,153 RSUs on June 1, 2027.

Key Dates

Keywords

NRGV, Energy Vault, Form 4, Insider Trading, Director Compensation, Restricted Stock Units