Energy Vault Holdings, Inc. Announces Inducement Grants Under NYSE Listing Rule 303A.08
2024年5月18日 - 5:05AM
ビジネスワイヤ(英語)
Energy Vault Holdings, Inc. (“Energy Vault”) (NYSE: NRGV), a
global energy storage company today announced that on May 16, 2024,
the Compensation Committee of Energy Vault’s Board of Directors
granted (i) to 1 new, non-executive employee, a restricted stock
unit award covering 4,315 shares of its common stock under the
Energy Vault Holdings, Inc. 2022 Employment Inducement Award Plan
(as amended and/or restated, the “Inducement Award Plan”) and (ii)
to Michael Beer, Energy Vault’s new Chief Financial Officer, (A) an
option to purchase 800,000 shares of its common stock at an
exercise price per share of common stock equal to the fair market
value (as defined in the Inducement Award Plan) on the grant date;
(B) a restricted stock unit award covering 600,000 shares of its
common stock; and (C) a performance-based restricted stock unit
award (the “PSU Award”) covering 600,000 shares of its common stock
under the Inducement Award Plan. The option, restricted stock units
and performance-based restricted stock units were granted as
inducements material to the employees entering into employment with
Energy Vault in accordance with New York Stock Exchange Listing
Rule 303A.08.
The Inducement Award Plan is used exclusively for the grant of
equity awards to individuals who were not previously employees of
Energy Vault, or following a bona fide period of non-employment, as
an inducement material to such individuals’ entering into
employment with Energy Vault, pursuant to New York Stock Exchange
Listing Rule 303A.08.
The option granted to Mr. Beer and the restricted stock unit
awards will each vest as to 25% of the shares of common stock
subject to the award, on the first anniversary of the vesting
commencement date and as to 6.25% of the shares of common stock
subject to the award, upon the employee’s completion of each
three-month period of continuous service thereafter, subject to the
employee’s continued service. The PSU Award granted to Mr. Beer
will vest (subject to Mr. Beer’s continued service) if Energy
Vault’s stock price reaches certain price targets ($3.50 as to 1/3
of the PSU Award, $4.50 as to 1/3 of the PSU Award and $5.50 as to
1/3 of the PSU Award) within four years after the grant date.
Each of these awards are subject to the terms and conditions of
the Inducement Award Plan and an award agreement thereunder.
About Energy Vault
Energy Vault develops and deploys utility-scale energy storage
solutions designed to transform the world's approach to sustainable
energy storage. The company's comprehensive offerings include
proprietary gravity-based storage, battery storage, and green
hydrogen energy storage technologies. Each storage solution is
supported by the company’s hardware technology-agnostic energy
management system software and integration platform. Unique to the
industry, Energy Vault’s innovative technology portfolio delivers
customized short-and-long-duration energy storage solutions to help
utilities, independent power producers, and large industrial energy
users significantly reduce levelized energy costs while maintaining
power reliability. Utilizing eco-friendly materials with the
ability to integrate waste materials for beneficial reuse, Energy
Vault’s EVx™ gravity-based energy storage technology is
facilitating the shift to a circular economy while accelerating the
global clean energy transition for its customers. Please visit
www.energyvault.com for more information.
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version on businesswire.com: https://www.businesswire.com/news/home/20240517632711/en/
Investors: energyvaultIR@icrinc.com
Media: media@energyvault.com
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