Form 4: NextDecade CFO Disposes Shares for Tax Obligations Following RSU Vesting

NextDecade Corp's Chief Financial Officer, Brent Wahl, disposed of 93,182 shares of common stock on July 11, 2025, to cover tax withholding obligations related to restricted stock unit vesting.

Summary

• Brent Wahl, the Chief Financial Officer of NextDecade Corp (NEXT), was the reporting person for this transaction.
• On July 11, 2025, a transaction occurred where 93,182 shares of NextDecade common stock were disposed of.
• The disposition was executed at a price of $10.77 per share.
• This transaction (Code F) represents shares withheld by NextDecade Corp to satisfy tax withholding obligations in connection with the vesting of restricted stock units.
• Following this reported transaction, Brent Wahl beneficially owns 1,288,068 shares of NextDecade common stock directly.

Sentiment

Score: 7

Explanation: The transaction is a non-discretionary disposition of shares to cover tax obligations upon the vesting of restricted stock units, which is a routine event for executive compensation and does not indicate a negative sentiment towards the company.

Positives

• Vesting of restricted stock units (RSUs) occurred, indicating a compensation event for the Chief Financial Officer.
• The transaction was non-discretionary, solely for tax withholding purposes, which is a routine part of equity compensation.

Negatives

• No direct negatives identified as the transaction is a standard disposition for tax withholding purposes, not a discretionary sale.

Risks

• NA

Future Outlook

NA

Industry Context

This Form 4 filing details a routine insider transaction for tax purposes, which does not inherently reflect broader industry trends or competitive dynamics. It is a standard compensation-related event for a corporate executive.

Comparison to Industry Standards

• This transaction is a standard practice for executives receiving equity compensation, where a portion of vested shares is withheld to cover tax liabilities. It aligns with common industry compensation and tax compliance procedures for restricted stock units.

Stakeholder Impact

• Minimal direct impact on shareholders as it represents a routine, non-discretionary transaction for tax purposes related to executive compensation.
• No direct impact on employees, customers, suppliers, or creditors.

Key Dates

Keywords

NextDecade, NEXT, Form 4, insider transaction, stock disposition, tax withholding, restricted stock units, RSU vesting, Brent Wahl, Chief Financial Officer