{"id":758554,"date":"2023-05-12T16:16:29","date_gmt":"2023-05-12T20:16:29","guid":{"rendered":"https:\/\/www.marketnewsdesk.com\/index.php\/energy-vault-holdings-inc-announces-inducement-grants-under-nyse-listing-rule-303a-08-3\/"},"modified":"2023-05-12T16:16:29","modified_gmt":"2023-05-12T20:16:29","slug":"energy-vault-holdings-inc-announces-inducement-grants-under-nyse-listing-rule-303a-08-3","status":"publish","type":"post","link":"https:\/\/www.marketnewsdesk.com\/index.php\/energy-vault-holdings-inc-announces-inducement-grants-under-nyse-listing-rule-303a-08-3\/","title":{"rendered":"Energy Vault Holdings, Inc. Announces Inducement Grants Under NYSE Listing Rule 303A.08"},"content":{"rendered":"

<\/p>\n

Energy Vault Holdings, Inc. Announces Inducement Grants Under NYSE Listing Rule 303A.08<\/b><\/p>\n

LUGANO, Switzerland & WESTLAKE VILLAGE, Calif.–(BUSINESS WIRE<\/a>)–
\nEnergy Vault Holdings, Inc. (\u201cEnergy Vault\u201d) (NYSE: NRGV), a global energy storage company today announced that on May 10, 2023, the Compensation Committee of Energy Vault\u2019s Board of Directors granted restricted stock unit awards covering an aggregate of 228,200 shares of its common stock to 18 new, non-executive employees under the Energy Vault Holdings, Inc. 2022 Employment Inducement Award Plan (as amended and\/or restated, the \u201cInducement Award Plan\u201d). 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.<\/p>\n

\nThe 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\u2019 entering into employment with Energy Vault, pursuant to New York Stock Exchange Listing Rule 303A.08.<\/p>\n

\nThe 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\u2019s completion of each three-month period of continuous service thereafter, subject to the employee\u2019s 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.<\/p>\n

About Energy Vault<\/b><\/p>\n

\nEnergy 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\u2019s hardware technology-agnostic energy management system software and integration platform. Unique to the industry, Energy Vault\u2019s 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\u2019s EVx\u2122 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<\/a> for more information.<\/p>\n

\"\"<\/p>\n

View source version on businesswire.com: <\/span>https:\/\/www.businesswire.com\/news\/home\/20230512005359\/en\/<\/a><\/span><\/p>\n

Investors:
\n<\/b>
energyvaultIR@icrinc.com<\/a><\/p>\n

Media:
\n<\/b>
media@energyvault.com<\/a><\/p>\n

KEYWORDS:<\/b> California Europe Switzerland United States North America<\/p>\n

INDUSTRY KEYWORDS:<\/b> Software Other Energy Hardware Utilities Oil\/Gas Sustainability Coal Batteries Alternative Energy Energy Technology Environment<\/p>\n

MEDIA:<\/b><\/p>\n\n\n\n\n
Logo<\/b><\/font><\/td>\n<\/tr>\n
\"Logo\"<\/td>\n<\/tr>\n
<\/font><\/td>\n<\/tr>\n<\/table>\n","protected":false},"excerpt":{"rendered":"

Energy Vault Holdings, Inc. Announces Inducement Grants Under NYSE Listing Rule 303A.08 LUGANO, Switzerland & WESTLAKE VILLAGE, Calif.–(BUSINESS WIRE)– Energy Vault Holdings, Inc. (\u201cEnergy Vault\u201d) (NYSE: NRGV), a global energy storage company today announced that on May 10, 2023, the Compensation Committee of Energy Vault\u2019s Board of Directors granted restricted stock unit awards covering an aggregate of 228,200 shares of its common stock to 18 new, non-executive employees under the Energy Vault Holdings, Inc. 2022 Employment Inducement Award Plan (as amended and\/or restated, the \u201cInducement Award Plan\u201d). 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 … <\/p>\n

Continue reading “Energy Vault Holdings, Inc. Announces Inducement Grants Under NYSE Listing Rule 303A.08”<\/span><\/a><\/p>\n","protected":false},"author":2,"featured_media":0,"comment_status":"closed","ping_status":"closed","sticky":false,"template":"","format":"standard","meta":{"footnotes":""},"categories":[],"tags":[],"class_list":["post-758554","post","type-post","status-publish","format-standard","hentry"],"yoast_head":"\nEnergy Vault Holdings, Inc. 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(\u201cEnergy Vault\u201d) (NYSE: NRGV), a global energy storage company today announced that on May 10, 2023, the Compensation Committee of Energy Vault\u2019s Board of Directors granted restricted stock unit awards covering an aggregate of 228,200 shares of its common stock to 18 new, non-executive employees under the Energy Vault Holdings, Inc. 2022 Employment Inducement Award Plan (as amended and\/or restated, the \u201cInducement Award Plan\u201d). 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 … Continue reading "Energy Vault Holdings, Inc. 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