Form 4: NextDecade General Counsel Disposes of Shares for Tax Obligations

NextDecade Corp's General Counsel, Vera de Gyarfas, disposed of 44,366 shares of common stock at $10.77 per share to cover tax withholding obligations related to restricted stock unit vesting.

Summary

• Vera de Gyarfas, General Counsel of NextDecade Corp, reported a transaction on July 11, 2025.
• The transaction involved the disposition of 44,366 shares of NextDecade common stock.
• The shares were disposed of at a price of $10.77 per share.
• This disposition was specifically for satisfying tax withholding obligations associated with the vesting of restricted stock units.
• Following this transaction, Vera de Gyarfas beneficially owns 801,050 shares of NextDecade common stock.

Sentiment

Score: 6

Explanation: The transaction is a routine tax-related disposition of shares following the vesting of restricted stock units, which is a positive event for the executive receiving the compensation. It does not reflect a discretionary sale based on negative sentiment towards the company.

Positives

• The transaction indicates the vesting of restricted stock units (RSUs) for the General Counsel, which is a positive event for the executive as it represents compensation becoming liquid.
• The disposition was not a discretionary sale but a mandatory withholding for tax purposes, suggesting no negative sentiment from the executive regarding the company's future.

Negatives

• A reduction in direct shareholding by a key executive, even if for tax purposes, slightly decreases their direct equity alignment with shareholders.

Future Outlook

NA

Industry Context

NA

Stakeholder Impact

• Shareholders: Minimal direct impact as it's a routine tax-related transaction by an insider, not indicative of a change in company fundamentals or strategy.
• Employees: The vesting of RSUs is a positive for the executive, representing a realization of compensation.

Key Dates

Keywords

NextDecade Corp, NEXT, Vera de Gyarfas, General Counsel, SEC Form 4, Insider Transaction, Stock Sale, Tax Withholding, Restricted Stock Units, RSU Vesting