Energy Vault (NRGV) Director Adds 161,132 RSUs; Trust Holds 609,256 Shares
Rhea-AI Filing Summary
Larry Paulson, a director of Energy Vault Holdings, Inc. (NRGV), reported equity awards and existing holdings on Form 4. The filing shows a transaction dated 09/16/2025 reflecting the grant of 161,132 restricted stock units (RSUs) with a reported price of $0. After the reported award, Mr. Paulson's direct beneficial ownership is shown as 496,768 shares.
The filing also discloses 609,256 shares held directly by the Larry M and Gretchen V Paulson Family Trust dated September 4, 2019; Mr. Paulson is a trustee and disclaims beneficial ownership except to the extent of any pecuniary interest. The RSUs vest subject to continued board service after the first anniversary of a Vesting Commencement Date of May 30, 2025. The form is signed by the company Chief Legal Officer on 09/18/2025.
Positive
- Grant of 161,132 RSUs aligns director compensation with shareholder interests through equity-based awards
- Direct beneficial ownership increased to 496,768 shares following the RSU award
- Clear disclosure of trust ownership (609,256 shares) with trustee status and disclaimer provided
Negative
- None.
Insights
TL;DR: Director received 161,132 RSUs increasing direct holdings to 496,768 shares; significant trust ownership also disclosed.
The Form 4 documents a non-cash equity award of 161,132 RSUs to Director Larry Paulson on 09/16/2025, recorded at $0 price, which will convert to common shares after vesting tied to continued board service beginning from a May 30, 2025 vesting commencement date. Post-award direct holdings are 496,768 shares while an additional 609,256 shares are held by a family trust where Mr. Paulson is a trustee. For investors, this clarifies insider stake and potential future share issuance on RSU vesting, but the filing contains no sales, dispositions, or derivative transactions.
TL;DR: Typical director compensation disclosed; trust holdings and disclaimer are properly noted.
The disclosure follows Section 16 reporting norms: RSUs granted to a director that vest after a service-based cliff and trust ownership with a trustee disclaimer. The filing explicitly notes the trust as a separate direct holder of 609,256 shares and that Mr. Paulson disclaims beneficial ownership except for any pecuniary interest, which is standard governance disclosure. No amendments or corrective disclosures are indicated.
Insider Trade Summary
| Type | Security | Shares | Price | Value |
|---|---|---|---|---|
| Grant/Award | Common Stock | 161,132 | $0.00 | -- |
| holding | Common Stock | -- | -- | -- |
Footnotes (1)
- Reflects an award of restricted stock units (RSUs). Each RSU represents a contingent right to receive one share of Common Stock. The RSUs vest (subject to the reporting person's continued service on the Board) after the first anniversary of the Vesting Commencement Date - May 30, 2025. The shares are owned directly by the Larry M and Gretchen V Paulson Family Trust dated September 4, 2019 and any amendments thereto (the "Trust"). Mr. Paulson is a trustee of the Trust. Mr. Paulson disclaims beneficial ownership of the securities held by the Trust except to the extent of his pecuniary interest therein.. .
