Form 4: Energy Vault Director Awarded 140K RSUs

Energy Vault Holdings, Inc. Director Theresa M Fariello received an award of 140,114 restricted stock units, increasing her beneficial ownership to 299,064 shares.

Summary

• Theresa M Fariello, a Director of Energy Vault Holdings, Inc. (NRGV), was awarded 140,114 shares of common stock.
• The transaction occurred on September 16, 2025, with an acquisition price of $0 per share, indicating an equity award.
• This award represents restricted stock units (RSUs), where each RSU is a contingent right to receive one share of Common Stock.
• The RSUs are subject to vesting, which will occur after the first anniversary of the Vesting Commencement Date, May 30, 2025, contingent on continued service on the Board.
• Following this transaction, Ms. Fariello's direct beneficial ownership of common stock increased to 299,064 shares.

Sentiment

Score: 7

Explanation: The filing indicates a routine equity award to a director, which is generally viewed positively as it aligns insider interests with shareholders. There are no negative implications, but also no significant new positive developments beyond standard compensation practices.

Positives

• Increased alignment of a director's interests with those of shareholders through equity compensation.
• The award of restricted stock units (RSUs) is a common method of incentivizing long-term commitment and performance from board members.

Future Outlook

This filing does not provide any forward-looking statements or guidance regarding the company's future performance or strategic direction, focusing solely on an insider's equity transaction.

Industry Context

Equity awards, such as restricted stock units, are a standard component of compensation packages for directors and executives across various industries, particularly in growth-oriented sectors like energy storage. These awards are designed to align the interests of management and board members with long-term shareholder value creation.

Stakeholder Impact

• Shareholders: The award increases director ownership, potentially enhancing alignment between the director's financial interests and long-term shareholder value.
• Employees: No direct impact on employees is indicated by this filing.

Next Steps

• The restricted stock units will vest after May 30, 2026, subject to the director's continued service on the Board.

Key Dates

Keywords

Energy Vault, NRGV, Theresa M Fariello, Form 4, Insider Transaction, Restricted Stock Units, RSU, Director Compensation, Equity Award, Beneficial Ownership