Form 4: NextDecade CEO Matthew Schatzman Reports Equity Changes

NextDecade Corp's CEO and Director, Matthew K. Schatzman, reported the acquisition of restricted stock units and a disposition of shares for tax obligations.

Summary

• Matthew K. Schatzman, CEO and Director of NextDecade Corp, reported changes in his beneficial ownership of common stock.
• He acquired 256,529 restricted stock units (RSUs) on August 29, 2025, which represent a contingent right to receive one share of common stock each.
• These RSUs will vest in three near-equal annual installments, commencing on August 31, 2026.
• Concurrently, 142,325 shares of common stock were disposed of on August 29, 2025, at a price of $10.72 per share.
• This disposition was to satisfy tax withholding obligations related to the vesting of other restricted stock units.
• Following these transactions, Schatzman's direct beneficial ownership of common stock is 4,629,475 shares.

Sentiment

Score: 5

Explanation: Neutral. The filing reports standard insider equity compensation activity (RSU grant and tax-related sale), which is neither inherently positive nor negative for the company's immediate prospects.

Positives

• The acquisition of 256,529 restricted stock units aligns the CEO's incentives with long-term shareholder value creation.
• The vesting schedule over three years demonstrates a commitment to the company's future performance.

Negatives

• The disposition of 142,325 shares, while for tax purposes, represents a reduction in direct share ownership.

Future Outlook

The acquired restricted stock units are scheduled to vest in three near-equal annual installments, beginning on August 31, 2026, indicating a future equity compensation schedule.

Industry Context

This Form 4 filing details routine insider equity compensation and tax-related share dispositions, which are common practices across various industries for executive incentive alignment and tax management.

Stakeholder Impact

• Shareholders: Provides transparency into executive equity ownership and compensation structure. The CEO's long-term incentive alignment through RSUs could be viewed positively.
• Management: Matthew K. Schatzman's compensation package includes long-term equity incentives.

Next Steps

• The restricted stock units granted will begin vesting in three near-equal annual installments starting August 31, 2026.

Key Dates

Keywords

NextDecade Corp, NEXT, Matthew K. Schatzman, CEO, Director, SEC Form 4, Insider Trading, Restricted Stock Units, Equity Compensation, Share Ownership, Tax Withholding