Energy Vault Holdings Management
Management criteria checks 2/4
Energy Vault Holdings' CEO is Rob Piconi, appointed in Feb 2022, has a tenure of 2.83 years. total yearly compensation is $4.26M, comprised of 19% salary and 81% bonuses, including company stock and options. directly owns 11.84% of the company’s shares, worth $30.45M. The average tenure of the management team and the board of directors is 2.9 years and 2.8 years respectively.
Key information
Rob Piconi
Chief executive officer
US$4.3m
Total compensation
| CEO salary percentage | 19.0% |
| CEO tenure | 2.8yrs |
| CEO ownership | 11.8% |
| Management average tenure | 2.9yrs |
| Board average tenure | 2.8yrs |
Recent management updates
Recent updates
Further Upside For Energy Vault Holdings, Inc. (NYSE:NRGV) Shares Could Introduce Price Risks After 29% Bounce
Dec 14
Energy Vault: Upgrading To A Buy As Delisting Risk Abates
Oct 23There's No Escaping Energy Vault Holdings, Inc.'s (NYSE:NRGV) Muted Revenues Despite A 40% Share Price Rise
Oct 16Some Energy Vault Holdings, Inc. (NYSE:NRGV) Analysts Just Made A Major Cut To Next Year's Estimates
Aug 09Energy Vault: An Opportunity For Contrarian Value Investors
Jul 31Energy Vault Holdings, Inc.'s (NYSE:NRGV) Shares Bounce 32% But Its Business Still Trails The Industry
Jul 17Here's Why We're Not Too Worried About Energy Vault Holdings' (NYSE:NRGV) Cash Burn Situation
Jul 12Keep Energy Vault On Your Radar Despite Big Revenue Drop In 2024
Jun 19Not Many Are Piling Into Energy Vault Holdings, Inc. (NYSE:NRGV) Stock Yet As It Plummets 27%
Apr 27Analysts Are More Bearish On Energy Vault Holdings, Inc. (NYSE:NRGV) Than They Used To Be
Apr 04Energy Vault Holdings, Inc. (NYSE:NRGV) Might Not Be As Mispriced As It Looks
Mar 09Companies Like Energy Vault Holdings (NYSE:NRGV) Could Be Quite Risky
Feb 06Energy Vault: Why The Continued Dip Of The Commons?
Feb 01Energy Vault Keeps Delivering
Nov 24Energy Vault Holdings, Inc.'s (NYSE:NRGV) Shares Leap 31% Yet They're Still Not Telling The Full Story
Nov 09Will Energy Vault Holdings (NYSE:NRGV) Spend Its Cash Wisely?
Nov 05Energy Vault: A Crucial Second Half Of The Year
Sep 25We're Keeping An Eye On Energy Vault Holdings' (NYSE:NRGV) Cash Burn Rate
Jul 04Energy Vault And Long Term Energy Storage
Jun 27Energy Vault: Primed For A Recovery As The Climate Economy Booms
Jun 11News Flash: 6 Analysts Think Energy Vault Holdings, Inc. (NYSE:NRGV) Earnings Are Under Threat
Mar 16Energy Vault Holdings, Inc. (NYSE:NRGV) Just Reported And Analysts Have Been Cutting Their Estimates
Mar 10CEO Compensation Analysis
| Date | Total Compensation | Salary | Company Earnings |
|---|---|---|---|
| Sep 30 2024 | n/a | n/a | -US$96m |
| Jun 30 2024 | n/a | n/a | -US$88m |
| Mar 31 2024 | n/a | n/a | -US$88m |
| Dec 31 2023 | US$4m | US$808k | -US$98m |
| Sep 30 2023 | n/a | n/a | -US$100m |
| Jun 30 2023 | n/a | n/a | -US$109m |
| Mar 31 2023 | n/a | n/a | -US$89m |
| Dec 31 2022 | US$22m | US$710k | -US$78m |
| Sep 30 2022 | n/a | n/a | -US$68m |
| Jun 30 2022 | n/a | n/a | -US$45m |
| Mar 31 2022 | n/a | n/a | -US$37m |
| Dec 31 2021 | US$5m | US$515k | -US$31m |
| Sep 30 2021 | n/a | n/a | -US$29m |
| Jun 30 2021 | n/a | n/a | -US$31m |
| Mar 31 2021 | n/a | n/a | -US$36m |
| Dec 31 2020 | US$384k | US$340k | -US$24m |
Compensation vs Market: Rob's total compensation ($USD4.26M) is above average for companies of similar size in the US market ($USD1.44M).
Compensation vs Earnings: Rob's compensation has been consistent with company performance over the past year.
CEO
Rob Piconi (53 yo)
2.8yrs
Tenure
US$4,257,235
Compensation
Mr. Robert Allen Piconi, also known as Rob, co-founded Energy Vault Holdings, Inc. and serves as Chairman, Chief Executive Officer since February 11, 2022. He also serves as Director of Energy Vault Holdin...
Leadership Team
| Name | Position | Tenure | Compensation | Ownership |
|---|---|---|---|---|
| Chairman & CEO | 2.8yrs | US$4.26m | 11.84% $ 30.5m | |
| Co-Founder & Independent Director | no data | US$161.66k | 3.07% $ 7.9m | |
| Chief Engineering Officer of Energy Vault Solutions | 3.2yrs | US$1.39m | 0.37% $ 949.7k | |
| Co-Founder & Chief Technology Officer | 2.9yrs | US$2.14m | 1.3% $ 3.3m | |
| Chief Financial Officer | less than a year | no data | no data | |
| Chief Operating Officer | 2.9yrs | no data | 0.64% $ 1.6m | |
| Chief Information Officer & VP of Software Enablement | 3.3yrs | no data | no data | |
| General Counsel & Chief Legal Officer | less than a year | no data | no data | |
| Chief Marketing Officer & Chief of Staff | 2.9yrs | no data | 0.35% $ 899.5k | |
| Senior Vice President of Corporate Development | 2.7yrs | no data | no data | |
| Chief People Officer | 2.9yrs | no data | 0.57% $ 1.5m | |
| Chief Commercial & Product Officer | 5.2yrs | US$8.38m | 0.45% $ 1.2m |
2.9yrs
Average Tenure
52yo
Average Age
Experienced Management: NRGV's management team is considered experienced (2.9 years average tenure).
Board Members
| Name | Position | Tenure | Compensation | Ownership |
|---|---|---|---|---|
| Chairman & CEO | 7.9yrs | US$4.26m | 11.84% $ 30.5m | |
| Co-Founder & Independent Director | 7.9yrs | US$161.66k | 3.07% $ 7.9m | |
| Independent Director | less than a year | no data | no data | |
| Independent Director | 1.8yrs | US$248.32k | 0.019% $ 47.9k | |
| Lead Independent Director | 3.9yrs | US$174.66k | 0.51% $ 1.3m | |
| Independent Director | 2.8yrs | US$174.66k | 0.042% $ 108.8k | |
| Independent Director | 2.8yrs | US$174.66k | 0.042% $ 108.8k | |
| Member of Strategic Advisory Board | 2.8yrs | no data | no data |
2.8yrs
Average Tenure
63yo
Average Age
Experienced Board: NRGV's board of directors are not considered experienced ( 2.8 years average tenure), which suggests a new board.
Company Analysis and Financial Data Status
| Data | Last Updated (UTC time) |
|---|---|
| Company Analysis | 2024/12/22 03:01 |
| End of Day Share Price | 2024/12/20 00:00 |
| Earnings | 2024/09/30 |
| Annual Earnings | 2023/12/31 |
Data Sources
The data used in our company analysis is from S&P Global Market Intelligence LLC. The following data is used in our analysis model to generate this report. Data is normalised which can introduce a delay from the source being available.
| Package | Data | Timeframe | Example US Source * |
|---|---|---|---|
| Company Financials | 10 years |
| |
| Analyst Consensus Estimates | +3 years |
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| Market Prices | 30 years |
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| Ownership | 10 years |
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| Management | 10 years |
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| Key Developments | 10 years |
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* example for US securities, for non-US equivalent regulatory forms and sources are used.
Unless specified all financial data is based on a yearly period but updated quarterly. This is known as Trailing Twelve Month (TTM) or Last Twelve Month (LTM) Data. Learn more here.
Analysis Model and Snowflake
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Industry and Sector Metrics
Our industry and section metrics are calculated every 6 hours by Simply Wall St, details of our process are available on .
Analyst Sources
Energy Vault Holdings, Inc. is covered by 7 analysts. 4 of those analysts submitted the estimates of revenue or earnings used as inputs to our report. Analysts submissions are updated throughout the day.
| Analyst | Institution |
|---|---|
| Brian Lee | Goldman Sachs |
| Joseph Osha | Guggenheim Securities, LLC |
| Justin Clare | Roth MKM |