NextDecade (NEXT) CFO Receives RSUs, Shares Withheld for Taxes
Rhea-AI Filing Summary
NextDecade Corp (NEXT) insider filing shows Chief Financial Officer Brent Wahl received restricted stock units (RSUs) and had shares withheld for taxes. On 08/29/2025 Mr. Wahl was issued 81,623 RSUs that convert to one share each; these RSUs vest in three near-equal annual installments beginning August 31, 2026. Following the transactions, he beneficially owns 1,369,691 shares.
The filing also reports 61,549 shares were withheld by the issuer on 08/29/2025 to satisfy tax withholding related to RSU vesting at a price of $10.72 per share, leaving a reported beneficial ownership of 1,308,142 shares after that withholding.
Positive
- Structured long-term incentive: 81,623 RSUs vesting in three near-equal annual installments beginning 08/31/2026 aligns executive pay with multi-year performance
- Substantial continued ownership: Reporting person retains beneficial ownership of 1,369,691 shares prior to withholding (1,308,142 after withholding), indicating ongoing alignment with shareholders
Negative
- Share withholding for taxes: 61,549 shares were withheld at $10.72 per share, which reduces the number of shares actually delivered to the reporting person
Insights
TL;DR: Insider received 81,623 RSUs and had 61,549 shares withheld for taxes; ownership remains material at ~1.37M shares.
The filing is a routine Section 16 disclosure showing compensation-related equity grants and tax-related withholding. The RSUs are structured to vest annually over three years starting August 31, 2026, which spreads potential dilution and aligns executive incentives with multi-year performance. The withholding of 61,549 shares at $10.72 per share is a non-cash tax settlement that reduces outstanding shares delivered to the executive but does not reflect an open-market sale. For valuation context, the reported prices apply only to the withheld shares; no cash-proceeds transactions were reported.
TL;DR: This is a standard insider compensation disclosure with time-based vesting and company tax withholding—no governance red flags present.
The details indicate time-based RSU compensation with clear vesting schedule and customary tax withholding executed by the issuer. The filing is signed by an attorney-in-fact and lists the reporting person as the CFO and an officer, fulfilling Section 16 reporting obligations. There are no indications of accelerated vesting, related-party transactions, or derivative exercises that would raise governance concerns.
Insider Trade Summary
| Type | Security | Shares | Price | Value |
|---|---|---|---|---|
| Grant/Award | Common Stock | 81,623 | $0.00 | -- |
| Tax Withholding | Common Stock | 61,549 | $10.72 | $660K |
Footnotes (1)
- 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, 2026. 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 29, 2025.
