Form 4: Energy Vault Director Boosts Stake with RSU Award

Energy Vault Holdings Director Stephanie Unwin was granted 140,114 restricted stock units, increasing her direct beneficial ownership to 278,092 shares.

Summary

• Director Stephanie Unwin acquired 140,114 shares of Energy Vault Holdings, Inc. common stock on September 16, 2025.
• This acquisition was an award of restricted stock units (RSUs) at a price of $0 per share.
• Each RSU represents a contingent right to receive one share of Common Stock.
• The RSUs are scheduled to vest after the first anniversary of the Vesting Commencement Date, May 30, 2025, contingent on Ms. Unwin's continued service on the Board.
• Following this transaction, Ms. Unwin directly beneficially owns a total of 278,092 shares of common stock.

Sentiment

Score: 7

Explanation: The award of restricted stock units to a director is a positive signal of continued commitment and alignment of interests with shareholders, as the vesting is contingent on ongoing service.

Positives

• Director Stephanie Unwin's beneficial ownership increased by 140,114 shares, demonstrating continued alignment with shareholder interests.
• The award of restricted stock units (RSUs) at a $0 price indicates a compensation component tied to future performance and continued service, incentivizing long-term commitment.

Future Outlook

The vesting schedule for the restricted stock units, commencing after May 30, 2025, ties a portion of the director's compensation to her continued service on the Board, aligning her incentives with the company's long-term performance.

Industry Context

Restricted Stock Unit (RSU) awards are a common form of equity compensation for directors in publicly traded companies, aligning their interests with long-term shareholder value. This transaction reflects a standard practice in corporate governance for incentivizing board members within the energy storage sector.

Comparison to Industry Standards

• The use of Restricted Stock Units (RSUs) as a component of director compensation is a widely adopted practice across various industries, including the energy storage sector.
• This method is consistent with global benchmarks for executive and board remuneration, aiming to foster long-term commitment and align director incentives with shareholder returns.

Stakeholder Impact

• Shareholders: The transaction indicates increased alignment of a director's interests with long-term company performance, potentially fostering greater confidence.
• Director: Receipt of equity compensation tied to continued service and company success provides a direct financial incentive for long-term commitment.

Next Steps

• The restricted stock units are scheduled to vest after the first anniversary of May 30, 2025, subject to the director's continued service on the Board.

Key Dates

Recommendation

This Form 4 reports a routine equity compensation award to a director, which is a standard practice for aligning management interests with shareholders. While it signals continued commitment, it does not present new fundamental information that would warrant a change in investment recommendation.

Keywords

Energy Vault, NRGV, Director, RSU, Restricted Stock Units, Insider Transaction, Form 4, Equity Compensation, Stephanie Unwin