Energy Vault (NRGV) Director Theresa Fariello Receives RSU Award

What Happened
Theresa M. Fariello, a director of Energy Vault Holdings, Inc. (NRGV), received an award of 19,153 restricted stock units (RSUs) on May 29, 2026. The grant shows a $0.00 per-share acquisition price (i.e., no cash was paid). The RSUs represent a contingent right to one share each and will vest on June 1, 2027, subject to her continued service on the Board. This is a compensation award rather than an open-market purchase or sale.

Key Details

• Transaction date: 2026-05-29; Form 4 filed: 2026-06-01 (filing appears timely).
• Award: 19,153 RSUs; reported acquisition price: $0.00; reported value: $0 at grant.
• Vesting: RSUs vest on June 1, 2027, contingent on continued Board service (per footnote).
• Shares owned following the transaction: not specified in the supplied filing.
• Footnote: Each RSU converts to one share of common stock upon vesting.

Context
RSU grants to directors are a common form of compensation and do not involve an immediate cash purchase or sale of shares; they convert to shares only if and when they vest. Such awards are routine and should be viewed as compensation-related rather than a direct market sentiment signal.