Energy Vault (NRGV) CFO has 28,738 shares withheld for RSU taxes
Rhea-AI Filing Summary
Energy Vault Holdings, Inc. Chief Financial Officer Michael Thomas Beer had 28,738 shares of Common Stock withheld by the company at $3.30 per share to cover tax obligations on the vesting of restricted stock units. This was a tax-withholding disposition, not an open-market sale. After this transaction, he directly holds 1,075,945 shares of the company’s common stock.
Positive
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Negative
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Insider Trade Summary
Net Seller: 28,738 shares
Net Sell
1 txn
Insider
Beer Michael Thomas
Role
Chief Financial Officer
| Type | Security | Shares | Price | Value |
|---|---|---|---|---|
| Exercise Price or Tax Liability | Common Stock | 28,738 | $3.30 | $95K |
Holdings After Transaction:
Common Stock — 1,075,945 shares (Direct)
Footnotes (1)
- F1. Represents shares withheld by the Issuer to satisfy the reporting person's tax liability on vesting of restricted stock units. Not a market sale.
Key Figures
Shares withheld for taxes: 28,738 shares
Withholding price: $3.30 per share
Shares held after transaction: 1,075,945 shares
3 metrics
Shares withheld for taxes
28,738 shares
Common Stock withheld to satisfy RSU tax liability
Withholding price
$3.30 per share
Value used for tax-withholding disposition
Shares held after transaction
1,075,945 shares
Direct holdings after tax-withholding disposition
Key Terms
restricted stock units, tax-withholding disposition, Common Stock
3 terms
restricted stock units financial
"tax liability on vesting of restricted stock units. Not a market sale"
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.
tax-withholding disposition financial
"transaction_action": "tax-withholding disposition""
A tax-withholding disposition is an event or transaction—such as selling or transferring securities, exercising options, or receiving compensation—that triggers a requirement to hold back part of the payment and remit it to tax authorities. It matters to investors because it reduces the cash they receive immediately and can change the timing and amount of taxable income, like a cashier taking a portion of your sale proceeds to pay taxes before you get the rest.
Common Stock financial
"security_title": "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.
AI-generated analysis. How Rhea-AI works. Not financial advice.
FAQ
What did NRGV’s CFO report in this Form 4 filing?
NRGV’s CFO, Michael Thomas Beer, reported a tax-withholding disposition of 28,738 shares of Common Stock at $3.30 per share. These shares were withheld by the company to satisfy tax liabilities from vesting restricted stock units, rather than sold in the open market.
Was the NRGV CFO’s Form 4 transaction an open-market sale?
No, the transaction was not an open-market sale. The 28,738 NRGV shares were withheld by Energy Vault Holdings to cover the CFO’s tax liability on vesting restricted stock units, as noted in the footnote, and are classified as a tax-withholding disposition.
What does the footnote in the NRGV CFO Form 4 explain?
The footnote explains that the reported 28,738 shares were withheld by Energy Vault Holdings to satisfy the CFO’s tax liability on vesting restricted stock units. It also clarifies that this disposition is not a market sale, distinguishing it from ordinary share trading activity.