Energy Vault (NRGV) director receives 22,026 RSU award, now holds 372,864 shares
Filing Impact
Filing Sentiment
Form Type
4
Rhea-AI Filing Summary
Mandanas Mary Beth reported acquisition or exercise transactions in this Form 4 filing.
Energy Vault Holdings, Inc. director Mary Beth Mandanas received an equity grant in the form of restricted stock units. She was awarded 22,026 RSUs of Common Stock at no cash cost, increasing her direct holdings to 372,864 shares after the grant.
Each RSU represents a contingent right to receive one share of Common Stock. The RSUs vest on June 1, 2027, subject to her continued service on the Board, aligning part of her compensation with the company’s long-term performance.
Positive
- None.
Negative
- None.
Insider Trade Summary
1 transaction reported
Mixed
1 txn
Insider
Mandanas Mary Beth
Role
null
| Type | Security | Shares | Price | Value |
|---|---|---|---|---|
| Grant/Award | Common Stock | 22,026 | $0.00 | -- |
Holdings After Transaction:
Common Stock — 372,864 shares (Direct, null)
Footnotes (1)
- [object Object]
Key Figures
RSUs granted: 22,026 units
Grant price per share: $0.0000 per share
Shares owned after grant: 372,864 shares
+1 more
4 metrics
RSUs granted
22,026 units
Restricted stock unit award on May 29, 2026
Grant price per share
$0.0000 per share
Reported transaction price for RSU grant
Shares owned after grant
372,864 shares
Total common stock directly held post-transaction
RSU vesting date
June 1, 2027
Vesting subject to continued Board service
Key Terms
restricted stock units (RSUs), contingent right, vest, Common Stock
4 terms
restricted stock units (RSUs) financial
"Reflects an award of restricted stock units (RSUs). Each RSU represents a contingent right"
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."
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.
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.
FAQ
What did Energy Vault (NRGV) director Mary Beth Mandanas report on this Form 4?
Mary Beth Mandanas reported receiving 22,026 restricted stock units of Energy Vault common stock as a compensation award. The grant increases her direct holdings to 372,864 shares after the transaction, aligning her incentives with long-term shareholder value through equity-based pay.
When do the RSUs granted to Energy Vault (NRGV) director Mary Beth Mandanas vest?
The restricted stock units vest on June 1, 2027, if she continues serving on the Board. Vesting means the contingent right converts into actual shares of common stock, adding to her directly owned stake in Energy Vault Holdings, Inc. at that time.