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NextDecade Corp director and General Counsel Vera de Gyarfas reported several insider transactions on Form 4 tied to the issuer's milestone achievement on September 9, 2025. Two grants of restricted stock units (RSUs) were recorded: 78,591 RSUs vested and 78,592 RSUs became earned (the latter will vest in two equal annual installments beginning September 9, 2026. The company withheld 30,926 shares to satisfy tax obligations at an indicated per-share value of $9.935. Reported beneficial ownership figures after these transactions are shown as 854,575, 823,649, and 902,241 shares on the respective reporting lines. The Form 4 is signed by the reporting person on September 11, 2025.
NextDecade Corp (NEXT) insider report: Brent Wahl, the companys Chief Financial Officer, reported multiple transactions on 09/09/2025 related to restricted stock units tied to a milestone-based performance target. Two grants of restricted stock units became vested/earned: one for 117,887 shares that vested upon the milestone and another for 117,888 shares that became earned and will vest in two equal annual installments beginning 09/09/2026. The issuer withheld 60,182 shares to satisfy tax withholding obligations arising from the vesting.
Following these transactions, Mr. Wahl beneficially owned 1,404,170 shares after the second acquisition entry. The Form 4 shows no derivative transactions and was signed by an attorney-in-fact on 09/11/2025.
Matthew K. Schatzman, identified as NextDecade Corp's Chief Executive Officer and a director, reported three transactions on September 9, 2025. Two sets of restricted stock units (RSUs) were recorded as acquired: 353,662 RSUs vested upon the company achieving a milestone-based performance criterion, and an additional 353,663 RSUs became earned and will vest in two near-equal annual installments beginning September 9, 2026. The filing also shows 139,166 shares of common stock were withheld by the issuer to satisfy tax withholding related to the RSU vesting; those withheld shares were reported as a disposition at an average price of $9.935. Following the transactions, the reporting person beneficially owned 4,964,816 shares (direct).
NextDecade completed a final investment decision for the Rio Grande LNG Train 4 Project and implemented related financing and governance arrangements. The company and project affiliates executed a T4 Credit Agreement providing up to $3.847 billion of construction/term loans, with interest based on SOFR+2.00% or base rate+1.00% and step-down margins tied to credit ratings. The EPC lump-sum contract price with Bechtel is approximately $4.77 billion, and total Train 4 project costs are estimated at $6.68 billion. Commercial operation is expected in the second half of 2030. JV members committed $2.83 billion of equity for the Train 4 Project, with NextDecade’s ND member share initially 40% (about $1.13 billion). Additional facilities and credit arrangements include a $225 million Corporate Credit Agreement and referenced FinCo/Super FinCo facilities. The T4 financing documents include customary project-finance covenants, a required historical debt service coverage ratio of 1.10:1.00 from the initial principal payment date, mandatory prepayment triggers, and intercreditor, collateral and security arrangements.
NextDecade Corp (NEXT) Form 4: Vera de Gyarfas, General Counsel and director, received 11,154 shares of common stock on 09/04/2025 upon partial vesting of performance-based restricted stock units (PSUs) granted in October 2022 because the Compensation Committee certified partial achievement of the performance condition. The shares were issued at no cash price to the reporting person. Concurrently, 4,390 shares were withheld by the issuer to satisfy tax-withholding obligations at an implied price of $10.46 per share. The filing shows 780,374 shares would have been held absent forfeitures; after forfeitures and the withholding, the reporting person beneficially owns 775,984 shares.
Brent Wahl, Chief Financial Officer of NextDecade Corp (NEXT), reported two transactions on 09/04/2025. The company issued 16,731 shares at no cost upon partial vesting of performance-based restricted stock units granted in October 2022 after the Compensation Committee certified partial achievement of the performance condition. The filing reports that some PSU shares were forfeited and exempt from reporting.
To satisfy tax withholding on the vested units, 8,542 shares were withheld by the issuer and reported as a disposition at a price of $10.46, reducing Mr. Wahl's beneficial holdings from 1,237,119 to 1,228,577 shares.
NextDecade Corp (NEXT) director and CEO Matthew K. Schatzman reported changes in his beneficial ownership on Form 4. On 09/04/2025, 50,195 shares of common stock were issued to Mr. Schatzman upon partial vesting of performance-based restricted stock units granted in October 2022, after the Compensation Committee certified partial achievement of the performance condition. The filing also shows 19,752 shares were withheld to satisfy tax withholding related to the vesting. After these transactions, Mr. Schatzman beneficially owned 4,416,409 shares (reflecting issuance and forfeitures described in the filing).
Matthew K. Schatzman, listed as the issuer's Chief Executive Officer and a director, filed a Form 4 reporting changes in his beneficial ownership of NextDecade Corp (NEXT). On 08/29/2025 he was recorded as acquiring 256,529 restricted stock units (each representing a contingent right to one share) at no cash price; those RSUs vest in three near-equal annual installments beginning August 31, 2026. The filing also shows 142,325 shares of common stock were disposed of on 08/29/2025 at $10.72 per share, representing shares withheld by the issuer to satisfy tax withholding obligations related to RSU vesting. After these transactions his reported direct beneficial ownership totaled 4,629,475 shares.
NextDecade Corp Controller Luke Boylston reported equity compensation activity involving the company’s common stock. On August 29, 2025, he received an award of 9,992 shares as part of a grant, while 3,250 shares were withheld at $10.72 per share to satisfy tax obligations tied to restricted stock unit vesting. The filing notes that the restricted stock units vest in three near-equal annual installments beginning August 31, 2026. After these transactions, Boylston holds 70,821 shares of NextDecade common stock directly.
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.