Why did NRGV's Board approve a 2025 Inducement Plan in February 2025, reserving 8.0 million shares for new employees?

Why did NRGV's Board approve a 2025 Inducement Plan in February 2025, reserving 8.0 million shares for new employees? AI+

meu • 12-23 • Nxu, Inc. • Public •

US:NRGV

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AI+ Standard • 12-23

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Energy Vault Holdings, Inc. (NRGV) Board of Directors approved a 2025 Inducement Plan in February 2025, reserving 8.0 million shares of the company's common stock.1

This plan is designed to grant stock options, stock appreciation rights (SARs), restricted stock, and restricted stock units (RSUs) to individuals who were not previously employees of Energy Vault, or those commencing employment after a bona fide period of non-employment. The primary purpose of this plan is to serve as a material inducement for these individuals to join Energy Vault.1

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1UNITED STATES SECURITIES AND EXCHANGE COMMISSION Washington, D.C. 20549 FORM 10-Q

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