secwatch.observer — SEC 8-K summary
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Issuer:     Energy Vault Holdings, Inc. (NRGV)
CIK:        0001828536
Form:       8-K
Filed at:   2026-07-17T20:30:49+00:00
Accession:  0001828536-26-000090
Event type: leadership
Sentiment:  neutral
Materiality: 0.65
Item codes: 5.02, 7.01, 9.01
LLM model:  deepseek-v4-flash:cloud@v2

Energy Vault appoints Nitin Dahiya (ex-BlackRock) as CFO, effective July 27, 2026
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- Michael Beer resigned as CFO to pursue other opportunities; no disagreement with company.
- Nitin Dahiya appointed CFO, starting July 27, 2026; previously Senior Portfolio Manager at BlackRock.
- Dahiya's compensation: $435K base salary, 400K RSUs, 400K PSUs with share price targets, 75% annual bonus target, $100K signing bonus.
- Severance: 6 months base salary for non-cause termination; 1.5x base+bonus and equity acceleration if within 18 months of change of control.
- Press release highlights recent business momentum: multi-GWh IPP growth in Australia, 850MW Japan portfolio acquisition, AI compute wins, Q2 backlog increase.

Source:
  EDGAR index:    https://www.sec.gov/Archives/edgar/data/1828536/000182853626000090/0001828536-26-000090-index.htm
  Primary doc:    https://www.sec.gov/Archives/edgar/data/1828536/000182853626000090/nrgv-20260713.htm
  HTML page:      https://secwatch.observer/filing/0001828536-26-000090

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