Energy Vault (NRGV) director awarded 22,026 RSUs, holdings rise to 387,814 shares
Rhea-AI Filing Summary
Ertel Thomas R reported acquisition or exercise transactions in this Form 4 filing.
Energy Vault Holdings, Inc. director Thomas R. Ertel received an award of 22,026 shares of Common Stock in the form of restricted stock units. The award was granted at no cash cost to him and increases his direct holdings to 387,814 shares.
Each RSU represents a right to receive one share of Common Stock, vesting on June 1, 2027, subject to his continued service on the Board. This filing reflects a compensation-related equity grant rather than an open-market purchase or sale.
Positive
- None.
Negative
- None.
Insider Trade Summary
1 transaction reported
Mixed
1 txn
Insider
Ertel Thomas R
Role
Director
| Type | Security | Shares | Price | Value |
|---|---|---|---|---|
| Grant/Award | Common Stock | 22,026 | $0.00 | -- |
Holdings After Transaction:
Common Stock — 387,814 shares (Direct)
Footnotes (1)
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Key Figures
RSU grant size: 22,026 shares
Grant price per share: $0.00 per share
Holdings after transaction: 387,814 shares
+2 more
5 metrics
RSU grant size
22,026 shares
Restricted stock units of Common Stock granted to director
Grant price per share
$0.00 per share
RSU award recorded with no cash exercise price
Holdings after transaction
387,814 shares
Total Common Stock directly held after RSU award
Vesting date
June 1, 2027
RSUs vest subject to continued Board service
Transaction date
May 29, 2026
Date of RSU grant reported on Form 4
Key Terms
restricted stock units (RSUs), contingent right, Common Stock, vest
4 terms
restricted stock units (RSUs) financial
"Reflects an award of restricted stock units (RSUs). Each RSU represents a contingent right to receive one share"
Restricted stock units (RSUs) are a type of company promise to give employees shares of stock in the future, usually after certain conditions like working for a set time. They are like a gift promised today that you receive later, which can become valuable if the company's stock price goes up. RSUs matter because they are a way companies reward employees and can be a significant part of compensation.
contingent right financial
"Each RSU represents a contingent right to receive one share of Common Stock"
Common Stock financial
"Each RSU represents a contingent right to receive one share of Common Stock"
Common stock represents ownership shares in a company, giving investors a stake in its success and a say in important decisions through voting rights. It is the most common type of stock traded on markets and can provide income through dividends, as well as potential for value growth. For investors, holding common stock means sharing in the company’s profits and risks.
vest financial
"The RSUs vest (subject to the reporting person's continued service on the Board) on June 1, 2027"
A vest is the process by which an employee earns the right to receive certain benefits or ownership interests, such as stock or retirement funds, over time. It’s similar to earning a reward gradually, ensuring that the benefit becomes fully yours only after a set period or meeting specific conditions. This makes it important for investors because it determines when they can actually claim or use those benefits.
AI-generated analysis. How Rhea-AI works. Not financial advice.
FAQ
What insider transaction did NRGV director Thomas R. Ertel report?
Director Thomas R. Ertel reported receiving 22,026 restricted stock units of Energy Vault Holdings, Inc. common stock. The award is a compensation grant at no cash cost and represents additional equity-based compensation tied to his continued board service.
What are the terms of the restricted stock units granted to NRGV director Ertel?
The 22,026 restricted stock units each represent a contingent right to receive one share of Energy Vault common stock. They vest on June 1, 2027, provided Ertel continues serving on the company’s Board until that vesting date is reached.
Does the Energy Vault (NRGV) Form 4 show any stock option exercises or derivative trades?
The Form 4 does not report any option exercises or derivative transactions. It shows only a single non-derivative grant of restricted stock units, with no remaining derivative positions listed in the accompanying derivative position summary.