Today's Date: June 23, 2024
Statement - Mishkeegogamang Ojibway First Nation celebrates community development achievements and National Indigenous Peoples D   •   Fairness for Indigenous Peoples in Nova Scotia   •   New Research Indicates the Need for Diabetes Continuous Glucose Monitoring to Address Health Disparities   •   Susan G. Komen® Warns of Dire Impact from Braidwood Management, Inc. et al. v. Xavier Becerra et al. Ruling That Will Force   •   Otipemisiwak Métis Government Celebrates the Opening and Ribbon Cutting of Salay Prayzaan Solar Farm   •   WORK BEGINS ON THE ANWATAN-MIGUAM PROJECT IN VAL-D'OR   •   Lifezone Metals Announces Voting Results from its 2024 Annual General Meeting   •   Government of Canada supports high school students across Canada in developing projects to promote healthy living in their schoo   •   Freedmen’s Town Community Investment Initiative Launches   •   Chinatown Storytelling Centre Opens New Exhibit: Neighbours: From Pender to Hastings   •   SCOTUS Ruling in Rahimi Case Upholds Protections for Domestic Violence Survivors, BWJP Experts Celebrate   •   Lexus & Amazon Music Present "Destination .Paak - The Lexus GX Remix" on World Music Day   •   Shop, Sip, and Support Social Justice Programs at Five Keys Furniture Annex in Stockton, California, on Saturday, June 22nd from   •   Statement by the Prime Minister on National Indigenous Peoples Day   •   Maximus Named a Top Washington-Area Workplace by The Washington Post   •   Media Advisory: Federal Housing Finance Agency Director Sandra Thompson Visits Affordable Apartment Complex in Dallas   •   Media Advisory: Arvest Bank Awards $15,000 CARE Award to University District Development Corp.   •   Daylu Dena Council celebrates grand opening of multi-purpose building in Lower Post, British Columbia   •   Produced by Renegade Film Productions/Chameleon Multimedia, Obscure Urban Legend ‘Sweaty Larry’ to Be Invoked for Fi   •   Statement by ministers Pascale St-Onge, Gary Anandasangaree, Patty Hajdu and Dan Vandal on National Indigenous Peoples Day
Bookmark and Share

Energy Vault Holdings, Inc. Announces Inducement Grants Under NYSE Listing Rule 303A.08

LUGANO, Switzerland & WESTLAKE VILLAGE, Calif. , May 17 /Businesswire/ - 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 for more information.

STORY TAGS: Stock Sale/Buyback, Other Energy, Software, Batteries, Sustainability, Environment, Energy, Technology, Green Technology, Europe, Switzerland, United States, North America, California,


White House Live Stream
alsharpton Rev. Al Sharpton
9 to 11 am EST
jjackson Rev. Jesse Jackson
10 to noon CST


Sounds Make the News ®
Atlanta - WAOK-Urban
Berkley / San Francisco - KPFA-Progressive
Chicago - WVON-Urban
KJLH - Urban
Los Angeles - KJLH - Urban
WKDM-Mandarin Chinese
New York - WKDM-Mandarin Chinese
New York - WADO-Spanish
WBAI - Progressive
New York - WBAI - Progressive
Washington - WOL-Urban

Listen to United Natiosns News