secwatch.observer — SEC 8-K summary
======================================

Issuer:     Energy Vault Holdings, Inc. (NRGV)
CIK:        0001828536
Form:       8-K
Filed at:   2024-04-04T23:59:59+00:00
Accession:  0001828536-24-000059
Event type: leadership
Sentiment:  neutral
Materiality: 0.60
Item codes: 5.02, 9.01
LLM model:  deepseek-v4-flash:cloud@v2

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

- 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.

Source:
  EDGAR index:    https://www.sec.gov/Archives/edgar/data/1828536/000182853624000059/0001828536-24-000059-index.htm
  Primary doc:    https://www.sec.gov/Archives/edgar/data/1828536/000182853624000059/nrgv-20240404.htm
  HTML page:      https://secwatch.observer/filing/0001828536-24-000059

License: Source filings: public domain (SEC EDGAR). Summaries (headline + bullets): CC-BY-4.0; attribute https://secwatch.observer