Ex-CFO van Gaalen gets $99K severance, COBRA, accelerated RSU vesting

Energy Vault Holdings, Inc.

Last day as CFO was April 15, 2024; separation agreement terms disclosed in 8-K/A.
Lump sum severance of $99,302.91 plus reimbursement of COBRA premiums for up to 5 months.
46,875 RSUs accelerate vest; remaining 125,000 unvested RSUs forfeited.
Standard release of claims including ADEA, with 21-day review and 7-day revocation period.

item 5.02 item 9.01

Executive movements

Machine-extracted from this filing. Every card cites the SEC source. See all recent executive movements.

Appointed

Michael Beer

Chief Financial Officer

NRGV · Energy Vault Holdings, Inc.

Effective: 2024-04-15
Filed: April 19, 2024, 7:59 PM ET

reporting that Johannes Cornelis Maria van Gaalen will cease to serve as Chief Financial Officer concurrently with Michael Beer assuming the position of Chief Financial Officer on April 15, 2024.

Departed

Johannes Cornelis Maria van Gaalen

Chief Financial Officer

NRGV · Energy Vault Holdings, Inc.

Effective: 2024-04-15
Successor: Michael Beer
Filed: April 19, 2024, 7:59 PM ET

reporting that Johannes Cornelis Maria van Gaalen will cease to serve as Chief Financial Officer concurrently with Michael Beer assuming the position of Chief Financial Officer on April 15, 2024.

Key facts

Extracted from this filing and checked against the source text.

Executive change SEC 8-K Item 5.02 confidence 0.95

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

Action: assuming the position
Role: Chief Financial Officer

Exact text from the filing

reporting that Johannes Cornelis Maria van Gaalen will cease to serve as Chief Financial Officer concurrently with Michael Beer assuming the position of Chief Financial Officer on April 15, 2024.

View on SEC.gov

Executive change SEC 8-K Item 5.02 confidence 0.95

Johannes Cornelis Maria van Gaalen departed as Chief Financial Officer at Energy Vault Holdings, Inc..

Action: will cease to serve
Role: Chief Financial Officer

Exact text from the filing

reporting that Johannes Cornelis Maria van Gaalen will cease to serve as Chief Financial Officer concurrently with Michael Beer assuming the position of Chief Financial Officer on April 15, 2024.

View on SEC.gov

Energy Vault Holdings, Inc. filing history →

Source: SEC EDGAR

accession 0001828536-24-000075

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