Energy Vault grants CFO 400,000 RSUs, 400,000 PRSUs
Dahiya Nitin reported acquisition or exercise transactions in this Form 4 filing.
Rhea-AI Filing Summary
Dahiya Nitin reported acquisition or exercise transactions in this Form 4 filing.
Energy Vault Holdings, Inc. granted Chief Financial Officer Nitin Dahiya 400,000 restricted stock units (RSUs) and 400,000 performance restricted stock units (PRSUs) on August 4, 2026. The RSUs are scheduled to vest as to 25% of the underlying shares on September 30, 2027, with the remaining shares vesting in 12 substantially equal quarterly installments thereafter. The PRSUs are eligible to vest in three tranches of 50,000, 150,000 and 200,000 units upon achieving share price targets of $8.00, $10.00 and $12.00, respectively, subject to specified continuous employment periods.
Positive
- None.
Negative
- None.
Insider Trade Summary
Grant/Award: 800,000 shares
Grant/Award
2 txns
Insider
Dahiya Nitin
Role
Chief Financial Officer
| Type | Security | Shares | Price | Value |
|---|---|---|---|---|
| Grant/Award | Performance Restricted Stock Units F2 | 400,000 | $0.00 | $0.00 |
| Grant/Award | Common Stock F1 | 400,000 | $0.00 | $0.00 |
Holdings After Transaction:
Performance Restricted Stock Units — 400,000 contracts (Direct);
Common Stock — 400,000 shares (Direct)
Footnotes (2)
- F1. Represents an award of restricted stock units ("RSUs"). Each RSU represents a contingent right to receive one share of the Issuer 's Common Stock. The RSUs will vest as to 25% of the underlying shares on September 30, 2027, and as to the remaining of the underlying shares in 12 substantially similar quarterly installments thereafter.
- F2. Represents an award of performance restricted stock units ("PRSUs"). The PRSUs are eligible to vest based on certain share price targets commencing on the first anniversary of the vesting commencement date, subject to the applicable minimum service period. The PRSUs will vest in three tranches as follows: (i) 50,000 upon achievement of an $8.00 Share Price Target, provided the reporting person is continuously employed through the first anniversary of the vesting commencement date for a minimum of twelve months, (ii) 150,000 upon achievement of a $10.00 Share Price Target, provided the reporting person remains continuously employed through the second anniversary of the vesting commencement date for a minimum of twenty-four months, and (iii) 200,000 upon achievement of a $12.00 Share Price Target, provided the reporting person remains continuously employed through the third anniversary of the vesting commencement date for a minimum of thirty-six months.
Key Figures
RSUs granted: 400000.0000 shares
PRSUs granted: 400000.0000 units
Initial RSU vesting date: September 30, 2027
+4 more
7 metrics
RSUs granted
400000.0000 shares
Restricted stock units awarded to CFO Nitin Dahiya on August 4, 2026
PRSUs granted
400000.0000 units
Performance restricted stock units awarded on August 4, 2026, linked to share price targets
Initial RSU vesting date
September 30, 2027
25% of the underlying RSU shares vest on this date
First PRSU price target
$8.00
Share Price Target for 50,000 PRSUs to vest, with at least 12 months of employment
Second PRSU price target
$10.00
Share Price Target for 150,000 PRSUs to vest, with at least 24 months of employment
Third PRSU price target
$12.00
Share Price Target for 200,000 PRSUs to vest, with at least 36 months of employment
PRSUs expiration date
2030-09-30
Expiration date reported for the performance restricted stock units
Key Terms
restricted stock units, performance restricted stock units, Share Price Target, vesting commencement date
4 terms
restricted stock units financial
"Represents an award of restricted stock units ("RSUs")."
Restricted stock units are a type of company reward where employees are promised shares of stock, but they only fully own these shares after meeting certain conditions, like staying with the company for a set time. They matter because they can become valuable assets and are often used to motivate employees to help the company succeed.
performance restricted stock units financial
"Represents an award of performance restricted stock units ("PRSUs")."
Performance restricted stock units (PRSUs) are promises to deliver company shares to employees or executives only if the business meets specific performance targets and any time-based holding rules. Think of them as a bonus that converts into stock only after set goals are reached, so investors watch PRSUs for two reasons: they can dilute existing shares if paid out, and they signal how closely management’s pay is tied to company performance.
vesting commencement date financial
"commencing on the first anniversary of the vesting commencement date"
The vesting commencement date is the starting point when an employee begins earning ownership rights to their promised benefits, such as stock options or retirement contributions. Think of it like the day a savings account is opened—only after this date do the benefits start to grow and become fully available over time. It matters to investors because it marks when the clock begins ticking toward full ownership, affecting the timing and value of these benefits.
FAQ
AI-generated questions and answers. How Rhea-AI works. Not financial advice.
What equity awards did NRGV CFO Nitin Dahiya receive on August 4, 2026?
On August 4, 2026, Nitin Dahiya received 400,000 restricted stock units and 400,000 performance restricted stock units. Each unit represents a contingent right to receive one share of common stock, subject to time-based vesting for the RSUs and share-price and service conditions for the PRSUs.
How do the RSUs granted to NRGV's CFO vest over time?
The 400,000 RSUs are scheduled to vest as to 25% of the underlying shares on September 30, 2027. The remaining underlying shares will then vest in 12 substantially similar quarterly installments, so the award vests gradually over several years assuming continued service.
What performance targets apply to NRGV CFO Nitin Dahiya's PRSU grant?
The 400,000 PRSUs vest in three tranches tied to share price. 50,000 vest at an $8.00 Share Price Target, 150,000 at $10.00, and 200,000 at $12.00, in each case subject to meeting specified continuous-employment periods of 12, 24 and 36 months, respectively.
When do the PRSUs for NRGV's CFO become eligible to vest?
The PRSUs become eligible to vest based on share price targets commencing on the first anniversary of the vesting commencement date. Eligibility depends on achieving the $8.00, $10.00 and $12.00 Share Price Targets and satisfying the related minimum continuous-employment periods for each tranche.
Are NRGV CFO Nitin Dahiya's August 2026 equity awards part of a Rule 10b5-1 trading plan?
These awards are reported as grants of RSUs and PRSUs, not as market trades, and the Rule 10b5-1 checkbox is not marked as applicable. They reflect compensation-related equity grants rather than transactions executed under a pre-arranged trading plan.
AI-generated analysis. How Rhea-AI works. Not financial advice.
