{"id":791294,"date":"2024-11-29T13:08:04","date_gmt":"2024-11-29T18:08:04","guid":{"rendered":"https:\/\/www.marketnewsdesk.com\/index.php\/energy-vault-holdings-inc-announces-inducement-grants-under-nyse-listing-rule-303a-08-5\/"},"modified":"2024-11-29T13:08:04","modified_gmt":"2024-11-29T18:08:04","slug":"energy-vault-holdings-inc-announces-inducement-grants-under-nyse-listing-rule-303a-08-5","status":"publish","type":"post","link":"https:\/\/www.marketnewsdesk.com\/index.php\/energy-vault-holdings-inc-announces-inducement-grants-under-nyse-listing-rule-303a-08-5\/","title":{"rendered":"Energy Vault Holdings, Inc. Announces Inducement Grants Under NYSE Listing Rule 303A.08"},"content":{"rendered":"<p>        <!--.bwalignc { text-align: center; list-style-position: inside }body {font:normal small Arial,Helvetica,sans-serif;color:#000;background-color:#fff;padding:24px;margin:0;} a img {border:0;} h3 {font-size:medium;color:#000;margin:0 0 1em 0; text-align:center;}-->  <\/p>\n<p class=\"bwalignc\"><b>Energy Vault Holdings, Inc. Announces Inducement Grants Under NYSE Listing Rule 303A.08<\/b><\/p>\n<p>LUGANO, Switzerland &amp; WESTLAKE VILLAGE, Calif.&#8211;(<a href=\"http:\/\/www.businesswire.com\">BUSINESS WIRE<\/a>)&#8211;<br \/>\nEnergy Vault Holdings, Inc. (\u201cEnergy Vault\u201d) (NYSE: NRGV), a global energy storage company today announced that, effective on November 26, 2024, the Compensation Committee of Energy Vault\u2019s Board of Directors granted to 3 new, non-executive employees, restricted stock unit awards covering 96,000 shares of its common stock under the Energy Vault Holdings, Inc. 2022 Employment Inducement Award Plan (as amended and\/or restated, the \u201cInducement Award Plan\u201d). The Compensation Committee also granted to Brad Eastman, Energy Vault\u2019s new Chief Legal Officer (i) a restricted stock unit award covering 700,000 shares of the Company\u2019s common stock and (ii) a performance-based restricted stock unit award (the \u201cPSU Award\u201d) covering 300,000 shares of the Company\u2019s common stock under the Inducement Award Plan. The restricted stock units and performance-based 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<p>\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<p>\nThe restricted stock unit awards will each vest (subject to the employee\u2019s continued service to Energy Vault) as to 25% of the shares of common stock subject to the award, on the first anniversary of the vesting commencement date, and as to 6.25% of the shares of common stock subject to the award, upon the employee\u2019s completion of each three-month period of continuous service thereafter. The PSU Award granted to Mr. Eastman will vest (subject to Mr. Eastman\u2019s continued service) if Energy Vault\u2019s stock price reaches certain price targets ($3.00 as to one-third of the PSU Award, $4.00 as to one-third of the PSU Award and $5.00 as to one-third of the PSU Award) within four years after the grant date.<\/p>\n<p>\nEach of these awards are subject to the terms and conditions of the Inducement Award Plan and an award agreement thereunder.<\/p>\n<p><b>About Energy Vault<\/b><\/p>\n<p>\nEnergy Vault develops and deploys utility-scale energy storage solutions designed to transform the world&#8217;s approach to sustainable energy storage. The company&#8217;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 <a rel=\"nofollow\" href=\"https:\/\/cts.businesswire.com\/ct\/CT?id=smartlink&amp;url=http%3A%2F%2Fwww.energyvault.com&amp;esheet=54159045&amp;newsitemid=20241129649439&amp;lan=en-US&amp;anchor=www.energyvault.com&amp;index=1&amp;md5=9382a3be624afed3c4a5c62ea699e935\">www.energyvault.com<\/a> for more information.<\/p>\n<p><img decoding=\"async\" alt=\"\" src=\"https:\/\/cts.businesswire.com\/ct\/CT?id=bwnews&amp;sty=20241129649439r1&amp;sid=flmnd&amp;distro=nx&amp;lang=en\" style=\"width:0;height:0\" \/><span class=\"bwct31415\" \/><\/p>\n<p id=\"mmgallerylink\"><span id=\"mmgallerylink-phrase\">View source version on businesswire.com: <\/span><span id=\"mmgallerylink-link\"><a href=\"https:\/\/www.businesswire.com\/news\/home\/20241129649439\/en\/\" rel=\"nofollow\">https:\/\/www.businesswire.com\/news\/home\/20241129649439\/en\/<\/a><\/span><\/p>\n<p><b>Investors:<br \/>\n<\/b><br \/><a rel=\"nofollow\" href=\"mailto:energyvaultIR@icrinc.com\">energyvaultIR@icrinc.com<\/a><\/p>\n<p><b>Media:<br \/>\n<\/b><br \/><a rel=\"nofollow\" href=\"mailto:media@energyvault.com\">media@energyvault.com<\/a><\/p>\n<p><b>KEYWORDS:<\/b> Europe Switzerland United States North America California<\/p>\n<p><b>INDUSTRY KEYWORDS:<\/b> Alternative Energy Energy Other Energy Utilities<\/p>\n<p><b>MEDIA:<\/b><\/p>\n<table cellpadding=\"3\" cellspacing=\"3\" \/>\n","protected":false},"excerpt":{"rendered":"<p>Energy Vault Holdings, Inc. Announces Inducement Grants Under NYSE Listing Rule 303A.08 LUGANO, Switzerland &amp; WESTLAKE VILLAGE, Calif.&#8211;(BUSINESS WIRE)&#8211; Energy Vault Holdings, Inc. (\u201cEnergy Vault\u201d) (NYSE: NRGV), a global energy storage company today announced that, effective on November 26, 2024, the Compensation Committee of Energy Vault\u2019s Board of Directors granted to 3 new, non-executive employees, restricted stock unit awards covering 96,000 shares of its common stock under the Energy Vault Holdings, Inc. 2022 Employment Inducement Award Plan (as amended and\/or restated, the \u201cInducement Award Plan\u201d). The Compensation Committee also granted to Brad Eastman, Energy Vault\u2019s new Chief Legal Officer (i) a restricted stock unit award covering 700,000 shares of the Company\u2019s common stock and (ii) a performance-based restricted stock unit &hellip; <\/p>\n<p class=\"link-more\"><a href=\"https:\/\/www.marketnewsdesk.com\/index.php\/energy-vault-holdings-inc-announces-inducement-grants-under-nyse-listing-rule-303a-08-5\/\" class=\"more-link\">Continue reading<span class=\"screen-reader-text\"> &#8220;Energy Vault Holdings, Inc. Announces Inducement Grants Under NYSE Listing Rule 303A.08&#8221;<\/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-791294","post","type-post","status-publish","format-standard","hentry"],"yoast_head":"<!-- This site is optimized with the Yoast SEO plugin v28.1 - https:\/\/yoast.com\/product\/yoast-seo-wordpress\/ -->\n<title>Energy Vault Holdings, Inc. 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(\u201cEnergy Vault\u201d) (NYSE: NRGV), a global energy storage company today announced that, effective on November 26, 2024, the Compensation Committee of Energy Vault\u2019s Board of Directors granted to 3 new, non-executive employees, restricted stock unit awards covering 96,000 shares of its common stock under the Energy Vault Holdings, Inc. 2022 Employment Inducement Award Plan (as amended and\/or restated, the \u201cInducement Award Plan\u201d). The Compensation Committee also granted to Brad Eastman, Energy Vault\u2019s new Chief Legal Officer (i) a restricted stock unit award covering 700,000 shares of the Company\u2019s common stock and (ii) a performance-based restricted stock unit &hellip; Continue reading &quot;Energy Vault Holdings, Inc. 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