Energy Vault (NRGV) CFO Nitin Dahiya Receives 800,000 RSU/PRSU Award

What Happened
Nitin Dahiya, Chief Financial Officer of Energy Vault Holdings, received awards totaling 800,000 equity units on August 4, 2026. The filing shows two grants (transaction code A) at a reported acquisition price of $0.00: 400,000 restricted stock units (RSUs) and 400,000 performance restricted stock units (PRSUs). These are grants/awards (not open-market purchases or sales) and do not involve immediate cash paid or received.

Key Details

• Transaction date and filing: Grants dated 2026-08-04; Form 4 filed with SEC on 2026-08-06. Reported acquisition price: $0.00 for both grants.
• Award breakdown:
  • 400,000 RSUs (see footnote F1) — each RSU converts to one share when vested.
  • 400,000 PRSUs (derivative award; footnote F2) — vest only if share-price targets are met (and subject to service requirements).
• PRSU vesting tranches (per F2): 50,000 at $8.00 (plus ≥12 months service), 150,000 at $10.00 (plus ≥24 months service), 200,000 at $12.00 (plus ≥36 months service).
• RSU vesting schedule (per F1): 25% vests on Sept 30, 2027, with the remainder vesting in 12 substantially similar quarterly installments thereafter.
• Shares beneficially owned after the grants: not specified in the provided filing excerpt.
• Filing timeliness: Form 4 was filed two days after the grant date (no late filing flag shown in this excerpt).

Context
RSUs are time-based awards that convert to shares when they vest; PRSUs only convert if specified stock-price hurdles and service conditions are met. Awards at $0.00 are typical for equity compensation and are not cash purchases or sales — they represent potential future equity if vesting conditions are satisfied. For retail investors, note that such grants reflect compensation structure and potential future dilution if and when awards vest and are settled.