It's called a 'snap cap'. It's intended to be installed using a special tool sold by the vendor, but you can also use a #2 Phillips screwdriver. Better yet, if you are a Subaru Forrester driver and bought a roof rack with your car, the Robertson screwdriver that comes with the roof rack is the perfect tool.
I really dislike snap cap designs on fountain pen kits - they tend to loosen or tighten on their own, they don't seal the pen well enough to prevent ink evaporation, and they are a PITA to install. I've found that using a tap to thread the plastic nib before installing is easier than trying to use the stud below the pen finial as a tap, but the downside is that if you thread the nib too well, the tendency to loosen/tighten increases. Applying a drop of CA before assembly sometimes helps. And once you have installed the snap cap, disassembly becomes a real challenge - attempts to disassemble the pen usually end up destroying the snap cap.
A while back I placed an order for some kits at CSUSA, and requested some spare snap caps to replace some that I had broken. They provided them at no charge.