Form 4: Director Theresa Fariello Receives Energy Vault RSU Grant
Statement of Changes in Beneficial Ownership
Energy Vault Holdings, Inc. director Theresa M. Fariello was granted 19,153 restricted stock units as part of board compensation.
Summary
- Director Theresa M. Fariello acquired 19,153 restricted stock units (RSUs) of Energy Vault Holdings, Inc. (NRGV).
- The transaction occurred on May 29, 2026, at a price of $0 per share, representing an equity-based compensation award.
- Following this transaction, the director's total beneficial ownership of common stock increased to 318,217 shares.
- The RSUs are subject to a vesting schedule contingent upon continued service on the Board of Directors.
Sentiment
Score: 5
Explanation: StockSavvy.ai views this as a neutral administrative filing reflecting standard director compensation practices.
Positives
- Alignment of director interests with shareholders through equity-based compensation.
- Increase in total beneficial ownership by a board member.
Negatives
- None identified; this is a standard equity compensation disclosure.
Risks
- Vesting of the RSUs is contingent upon the director's continued service on the Board.
Future Outlook
The RSUs are scheduled to vest on June 1, 2027, provided the director maintains continuous service on the Board.
Industry Context
StockSavvy.ai notes that equity grants to board members are standard corporate governance practices designed to incentivize long-term oversight and alignment with shareholder value in the energy storage sector.
Comparison to Industry Standards
- The grant of RSUs as part of director compensation is consistent with standard practices for publicly traded companies in the technology and energy sectors.
- The vesting period of approximately one year is typical for annual director equity awards.
Stakeholder Impact
- Shareholders: Minimal impact; reflects standard board compensation structure.
Next Steps
- Vesting of the 19,153 RSUs on June 1, 2027.
Key Dates
| Date | Description |
|---|---|
| 05/29/2026 | Date of the RSU grant transaction. |
| 06/01/2026 | Date of filing signature and expected vesting date for future years. |
Keywords
Energy Vault, NRGV, Form 4, Insider Trading, Director Compensation, Restricted Stock Units
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