Energy Vault Holdings, Inc. Announces Inducement Grants Under NYSE Listing Rule 303A.08
29 März 2024 - 9:30PM
Business Wire
Energy Vault Holdings, Inc. (“Energy Vault”) (NYSE: NRGV), a
global energy storage company today announced that on March 27,
2024, the Compensation Committee of Energy Vault’s Board of
Directors granted restricted stock unit awards covering an
aggregate of 162,500 shares of its common stock to 10 new,
non-executive employees under the Energy Vault Holdings, Inc. 2022
Employment Inducement Award Plan (as amended and/or restated, the
“Inducement Award Plan”). The restricted stock units were granted
as inducements material to the employees entering into employment
with Energy Vault in accordance with New York Stock Exchange
Listing Rule 303A.08.
The Inducement Award Plan is used exclusively for the grant of
equity awards to individuals who were not previously employees of
Energy Vault, or following a bona fide period of non-employment, as
an inducement material to such individuals’ entering into
employment with Energy Vault, pursuant to New York Stock Exchange
Listing Rule 303A.08.
The restricted stock units will vest with respect to the
underlying shares as to 25% of the restricted stock units, on the
first anniversary of the vesting commencement date and 6.25% of the
restricted stock units, upon the employee’s completion of each
three-month period of continuous service thereafter, subject to the
employee’s continued employment with Energy Vault on such vesting
dates. The restricted stock units are subject to the terms and
conditions of the Inducement Award Plan and the terms of the
restricted stock unit award agreement covering the grant.
About Energy Vault
Energy Vault develops and deploys utility-scale energy storage
solutions designed to transform the world's approach to sustainable
energy storage. The company's comprehensive offerings include
proprietary gravity-based storage, battery storage, and green
hydrogen energy storage technologies. Each storage solution is
supported by the company’s hardware technology-agnostic energy
management system software and integration platform. Unique to the
industry, Energy Vault’s innovative technology portfolio delivers
customized short-and-long-duration energy storage solutions to help
utilities, independent power producers, and large industrial energy
users significantly reduce levelized energy costs while maintaining
power reliability. Utilizing eco-friendly materials with the
ability to integrate waste materials for beneficial reuse, Energy
Vault’s EVx™ gravity-based energy storage technology is
facilitating the shift to a circular economy while accelerating the
global clean energy transition for its customers. Please visit
www.energyvault.com for more information.
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Investors: energyvaultIR@icrinc.com
Media: media@energyvault.com
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