Form 4: NextDecade Corp. CEO Matthew Schatzman Reports Acquisition and Disposal of Shares
SEC Form 4 Filing
CEO Matthew Schatzman reports acquiring restricted stock units and disposing of shares to cover tax obligations.
Summary
- On August 30, 2024, Matthew K. Schatzman, CEO of NextDecade Corp., acquired 409,090 shares of common stock in the form of restricted stock units (RSUs) at a price of $0.
- These RSUs vest in three near-equal annual installments starting August 31, 2025.
- On the same day, Schatzman disposed of 88,666 shares at $4.66 per share to cover tax withholding obligations related to the vesting of RSUs.
- Following these transactions, Schatzman directly owns 4,781,802 shares of NextDecade Corp. common stock.
- Schatzman also acquired 409,090 employee stock options with an exercise price of $10, exercisable from August 31, 2027, to August 30, 2034.
Sentiment
Score: 7
Explanation: The sentiment is neutral to slightly positive. The acquisition of RSUs by the CEO suggests confidence, while the disposal of shares for tax purposes is a routine event.
Positives
- The acquisition of 409,090 restricted stock units by the CEO indicates confidence in the company's future performance.
Negatives
- The disposal of 88,666 shares to cover tax obligations, while routine, slightly reduces the CEO's holdings.
Industry Context
This filing is a routine disclosure related to executive compensation and stock ownership, common in publicly traded companies.
Stakeholder Impact
- The transactions may have a minor impact on shareholders due to the change in the CEO's holdings.
- Employees may view the CEO's acquisition of RSUs positively, as it aligns his interests with the company's success.
Key Dates
| Date | Description |
|---|---|
| 08/30/2024 | Date of transaction: Acquisition of restricted stock units and disposal of shares for tax obligations. |
| 08/31/2025 | First vesting date for the restricted stock units. |
| 08/31/2027 | Employee stock options become exercisable. |
| 08/30/2034 | Expiration date of the employee stock options. |
| 09/04/2024 | Date of filing. |
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