NextDecade awards CAO 23,872 RSUs, withholds shares
NextDecade’s chief accounting officer received a new RSU grant while shares were withheld to cover taxes from an earlier RSU vesting.
Rhea-AI Filing Summary
NextDecade Corp (NEXT) reported that Chief Accounting Officer Luke Boylston received an equity award on August 31, 2026. He was granted 23,872 restricted stock units, each representing a contingent right to one share of common stock, vesting in three near-equal annual installments beginning August 31, 2027. On the same date, 6,563 shares of common stock were withheld by the company at $7.54 per share to satisfy tax withholding obligations arising from a prior restricted stock unit vesting.
Positive
- None.
Negative
- None.
Insider Trade Summary
2 transactions reported
Mixed
2 txns
Insider
Boylston Luke
Role
Chief Accounting Officer
| Type | Security | Shares | Price | Value |
|---|---|---|---|---|
| Grant/Award | Common Stock F1 | 23,872 | $0.00 | $0.00 |
| Tax Withholding | Common Stock F2 | 6,563 | $7.54 | $49K |
Holdings After Transaction:
Common Stock — 236,818 shares (Direct)
Footnotes (2)
- F1. Shares are represented by restricted stock units. Each restricted stock unit represents a contingent right to receive one share of common stock of the Issuer. The restricted stock units vest in three near-equal annual installments beginning August 31, 2027.
- F2. Represents shares of common stock withheld by the Issuer to satisfy tax withholding obligations in connection with the vesting of restricted stock units on August 31, 2026.
Key Figures
RSUs granted: 23,872 units
Shares withheld for taxes: 6,563 shares
Withholding price: $7.54 per share
+2 more
5 metrics
RSUs granted
23,872 units
Restricted stock units granted to the Chief Accounting Officer on August 31, 2026
Shares withheld for taxes
6,563 shares
Common shares withheld to satisfy tax obligations on August 31, 2026
Withholding price
$7.54 per share
Valuation per share for 6,563 shares withheld for tax withholding
Vesting start date
August 31, 2027
Date the three near-equal annual RSU installments begin vesting
Vesting installments
3 annual installments
Structure of RSU vesting for the 23,872-unit grant
Key Terms
restricted stock units, contingent right, tax withholding obligations
3 terms
restricted stock units financial
"Shares are represented by restricted stock units."
Restricted stock units are a type of company reward where employees are promised shares of stock, but they only fully own these shares after meeting certain conditions, like staying with the company for a set time. They matter because they can become valuable assets and are often used to motivate employees to help the company succeed.
contingent right financial
"Each restricted stock unit represents a contingent right to receive one share"
tax withholding obligations financial
"withheld by the Issuer to satisfy tax withholding obligations in connection"
FAQ
What equity award did NEXT grant to its Chief Accounting Officer on August 31, 2026?
NextDecade granted Luke Boylston 23,872 restricted stock units on August 31, 2026. Each RSU represents a contingent right to one share of the company’s common stock, vesting over three near-equal annual installments starting August 31, 2027.
How do the new RSUs for NEXT’s Chief Accounting Officer vest?
The 23,872 restricted stock units granted to NextDecade’s Chief Accounting Officer vest in three near-equal annual installments, beginning on August 31, 2027, with additional installments in the following two years.
Was the Form 4 transaction for NEXT made under a Rule 10b5-1 trading plan?
No. The filing indicates that the Rule 10b5-1 checkbox is not affirmed, and the footnotes describe the transactions as RSU grants and tax withholding, with no mention of a Rule 10b5-1 trading plan.
AI-generated analysis. How Rhea-AI works. Not financial advice.