Form 4: Energy Vault Executive Akshay Ladwa Receives 850,000 Restricted Stock Units

Akshay Ladwa, Chief Engineering Officer of Energy Vault Holdings, Inc., was granted 850,000 restricted stock units on March 24, 2025.

Summary

• Akshay Ladwa, the Chief Engineering Officer of Energy Vault Holdings, Inc., received 850,000 restricted stock units (RSUs) on March 24, 2025.
• These RSUs represent a contingent right to receive shares of Energy Vault's common stock.
• The RSUs will vest in installments, with 33.2% vesting on March 31, 2026, and the remaining shares vesting in eight substantially similar quarterly installments thereafter.
• Following this transaction, Ladwa beneficially owns 2,297,349 shares of Energy Vault's common stock.

Sentiment

Score: 7

Explanation: The document indicates a standard executive compensation practice, suggesting stability and alignment of interests. The vesting schedule implies a long-term commitment from the executive.

Positives

• The grant of RSUs aligns the executive's interests with the long-term performance of the company.
• The vesting schedule encourages continued service and contribution to Energy Vault's success.

Future Outlook

The vesting schedule of the RSUs suggests a long-term commitment from the executive to the company.

Industry Context

Equity compensation is a common practice in the technology and energy sectors to attract and retain key talent. The vesting schedule is designed to incentivize long-term performance and align executive interests with shareholder value.

Comparison to Industry Standards

• RSU grants are a standard form of executive compensation in the energy and technology sectors.
• Companies like Tesla, Google, and other high-growth firms use similar equity-based compensation packages to incentivize their executives.
• The vesting schedule of Energy Vault's RSUs is fairly typical, with a combination of time-based and potentially performance-based vesting conditions.

Stakeholder Impact

• Shareholders may view the RSU grant positively as it aligns executive interests with company performance.
• Employees may see this as a sign of the company's commitment to its leadership team.

Key Dates

Keywords

Energy Vault, NRGV, Akshay Ladwa, Restricted Stock Units, RSUs, Beneficial Ownership, Form 4, SEC Filing, Chief Engineering Officer, Equity Compensation, Vesting Schedule