Form 4: Director Thomas R. Ertel Receives Energy Vault RSU Grant

Energy Vault Holdings, Inc. director Thomas R. Ertel was granted 22,026 restricted stock units as part of his board compensation.

Summary

• Director Thomas R. Ertel acquired 22,026 restricted stock units (RSUs) of Energy Vault Holdings, Inc. (NRGV) common stock.
• 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 387,814 shares.

Sentiment

Score: 5

Explanation: StockSavvy.ai views this as a neutral administrative filing regarding routine director compensation.

Positives

• The grant aligns the director's interests with those of shareholders through equity-based compensation.
• The director maintains a significant direct ownership stake of 387,814 shares.

Negatives

• None identified; this is a standard director compensation disclosure.

Risks

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

Future Outlook

The RSUs are scheduled to vest on June 1, 2027, provided the director remains in service on the Board.

Industry Context

StockSavvy.ai notes that equity grants to board members are standard corporate governance practices intended to incentivize long-term oversight and alignment with shareholder value in the energy storage sector.

Comparison to Industry Standards

• The use of RSU grants for board compensation is consistent with standard practices for publicly traded technology and energy companies.
• The vesting period of one year is typical for annual director equity awards.

Stakeholder Impact

• Shareholders may view the equity grant as a standard alignment of director incentives with company performance.

Next Steps

• Vesting of the 22,026 RSUs on June 1, 2027.

Key Dates

Keywords

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