- Energy Vault Holdings, Inc. (NRGV, Financial) has announced inducement grants under their 2022 Employment Inducement Award Plan.
- The grants cover 637,600 shares of common stock awarded to 12 new, non-executive employees.
- The restricted stock units will vest over a four-year period, starting with 25% on the first anniversary of the vesting date.
Energy Vault Holdings, Inc. (NRGV), a leader in innovative energy storage solutions, has announced that as of March 5, 2025, their Board of Directors' Compensation Committee granted restricted stock unit awards to 12 new non-executive employees. These inducement grants cover a total of 637,600 shares of Energy Vault's common stock, issued under the company’s 2022 Employment Inducement Award Plan.
These awards are intended as an incentive for these employees to join the company, aligning with the New York Stock Exchange Listing Rule 303A.08. Each award vests 25% on the first anniversary of the vesting commencement date. Subsequently, 6.25% of the shares will vest upon the employee’s completion of every three-month period of continued service.
Energy Vault specializes in deploying utility-scale energy storage solutions with a focus on transforming sustainable energy storage. Their diverse array of technologies includes proprietary battery, gravity, and green hydrogen storage options, designed to optimize safe and reliable energy dispatching across various use cases.
