Energy Vault Holdings, Inc. Announces Inducement Grants Under NYSE Listing Rule 303A.08
2024年8月9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, effective on
August 2, 2024, the Compensation Committee of Energy Vault’s Board
of Directors granted to 5 new, non-executive employees, restricted
stock unit awards covering 507,000 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”). The
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 restricted stock units will each vest (subject to the
employee’s continued service to Energy Vault) 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. The restricted stock unit 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/20240808836910/en/
Investors: energyvaultIR@icrinc.com
Media: media@energyvault.com
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