Form 4: Energy Vault Executive Sells Shares to Cover Tax Obligations
SEC Form 4 Filing
Goncagul Icoren, Chief People Officer of Energy Vault Holdings, sold 5,027 shares of common stock on May 3, 2024, to cover tax liabilities related to vesting restricted stock units.
Summary
- On May 3, 2024, Goncagul Icoren, the Chief People Officer of Energy Vault Holdings, sold 5,027 shares of common stock.
- The shares were sold at a price of $1.251 per share.
- The sale was executed to satisfy the reporting person's tax liability on the vesting of restricted stock units.
- Following the transaction, Icoren directly owns 909,664 shares of Energy Vault Holdings.
Sentiment
Score: 6
Explanation: The sentiment is neutral. The transaction is a routine sale of shares to cover tax obligations, which is a common practice for executives with vested stock options or restricted stock units. It doesn't necessarily reflect a positive or negative outlook on the company's future.
Industry Context
Sales of shares to cover tax obligations are a common practice among corporate executives when restricted stock units vest. This is a normal part of executive compensation and does not necessarily indicate a negative outlook on the company.
Key Dates
| Date | Description |
|---|---|
| 05/03/2024 | Date of the stock sale transaction. |
| 05/06/2024 | Date of signature on the Form 4 filing. |
Disclaimer:The information provided here is for general informational purposes only and does not constitute financial advice, recommendation, or endorsement of any kind. It may contain errors or omissions. You should not rely on this information to make financial decisions. Always seek the advice of a qualified financial professional before making any investment or financial decisions. Use of this information is at your own risk.