Energy Vault appoints Michael Beer as CFO, effective April 15, 2024; Jan Kees van Gaalen to retire

Energy Vault Holdings, Inc.

Michael Beer named CFO effective April 15, 2024; replaces Jan Kees van Gaalen who is retiring.
Beer previously CFO at FreeWire Technologies; Head of Financial Strategy & IR at Luminar Technologies.
Beer receives $375K base salary, target bonus of 100% of base, and equity awards: 600K RSUs, 800K stock options, 600K performance-based RSUs.
Upon termination without cause or for good reason, Beer receives 1.0x salary plus pro-rated bonus and 18 months COBRA.
If termination within 18 months after change of control, severance increases to 1.5x salary+bonus and full equity vesting.

item 5.02 item 9.01

Executive movements

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Departed

Jan Kees van Gaalen

Chief Financial Officer

NRGV · Energy Vault Holdings, Inc.

Effective: 2024-04-15
Successor: Michael Beer
Filed: April 4, 2024, 7:59 PM ET

Concurrently with Mr. Beer assuming the position of Chief Financial Officer, Jan Kees van Gaalen will cease to serve as Chief Financial Officer.

Appointed

Michael Beer

Chief Financial Officer

NRGV · Energy Vault Holdings, Inc.

Effective: 2024-04-15
Filed: April 4, 2024, 7:59 PM ET

On April 4, 2024, Michael Beer agreed to serve as Chief Financial Officer, effective as of April 15, 2024.

Key facts

Extracted from this filing and checked against the source text.

Executive change SEC 8-K Item 5.02 confidence 1.0

Jan Kees van Gaalen departed as Chief Financial Officer at Energy Vault Holdings, Inc..

Action: ceased
Role: Chief Financial Officer

Exact text from the filing

Concurrently with Mr. Beer assuming the position of Chief Financial Officer, Jan Kees van Gaalen will cease to serve as Chief Financial Officer.

View on SEC.gov

Executive change SEC 8-K Item 5.02 confidence 1.0

Michael Beer was appointed as Chief Financial Officer at Energy Vault Holdings, Inc..

Action: appointed
Role: Chief Financial Officer

Exact text from the filing

On April 4, 2024, Michael Beer agreed to serve as Chief Financial Officer, effective as of April 15, 2024.

View on SEC.gov

Energy Vault Holdings, Inc. filing history →

Source: SEC EDGAR

accession 0001828536-24-000059

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