---
schema_version: "secwatch.filing_event.v1"
accession: "0001828536-24-000059"
form_type: "8-K"
ticker: "NRGV"
cik: "0001828536"
company_name: "Energy Vault Holdings, Inc."
filed_at: "2024-04-04T23:59:59+00:00"
generated_at: "2026-06-04T02:27:08.370324+00:00"
event_type: "leadership"
sentiment: "neutral"
materiality_score: 0.6
calibrated_materiality_score: 0.6
confidence: "high"
source: SEC EDGAR
---

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

## Summary
- 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.

## SEC filing metadata
- accession: 0001828536-24-000059
- form_type: 8-K
- ticker: NRGV
- cik: 0001828536
- company_name: Energy Vault Holdings, Inc.
- filed_at: 2024-04-04T23:59:59+00:00
- event_type: leadership
- sentiment: neutral
- materiality_score: 0.6
- calibrated_materiality_score: 0.6
- confidence: high
- sec_items: 5.02, 9.01
- EDGAR index: https://www.sec.gov/Archives/edgar/data/1828536/000182853624000059/0001828536-24-000059-index.htm
- EDGAR primary document: https://www.sec.gov/Archives/edgar/data/1828536/000182853624000059/nrgv-20240404.htm

## Machine-readable alternates
- HTML: https://secwatch.observer/filing/0001828536-24-000059
- JSON: https://secwatch.observer/filing/0001828536-24-000059.json
- Plain text: https://secwatch.observer/filing/0001828536-24-000059.txt

## Key facts
- Executive change
  Jan Kees van Gaalen departed as Chief Financial Officer at Energy Vault Holdings, Inc..
  - Action: ceased
  - Role: Chief Financial Officer
  source text: Concurrently with Mr. Beer assuming the position of Chief Financial Officer, Jan Kees van Gaalen will cease to serve as Chief Financial Officer.
  evidence_url: https://www.sec.gov/Archives/edgar/data/1828536/000182853624000059/0001828536-24-000059-index.htm
- Executive change
  Michael Beer was appointed as Chief Financial Officer at Energy Vault Holdings, Inc..
  - Action: appointed
  - Role: Chief Financial Officer
  source text: On April 4, 2024, Michael Beer agreed to serve as Chief Financial Officer, effective as of April 15, 2024.
  evidence_url: https://www.sec.gov/Archives/edgar/data/1828536/000182853624000059/0001828536-24-000059-index.htm

This AI-assisted summary is a reading aid. Review the linked SEC EDGAR filing before relying on any specific claim.