STOCK TITAN

NXG (NXG) COO Todd Sunderland acquires 829 shares through rights offering

(Neutral)
(Positive)
Form Type
4

Rhea-AI Filing Summary

NXG NextGen Infrastructure Income Fund COO Todd Sunderland reported open-market purchases linked to a recent rights offering. On May 7, 2026, he acquired 802 common shares of beneficial interest at $58.45 per share directly and 27 shares at the same price indirectly through immediate family members.

According to the footnotes, these shares were acquired by exercising rights in the Fund’s transferrable rights offering, which expired on April 30, 2026, at a subscription price of $58.45, with share amounts confirmed on May 7, 2026. After these transactions, Sunderland holds 3,211.157 shares directly and 1,139.295 shares indirectly, which include 12.975 shares obtained through an Automatic Dividend Reinvestment Plan.

Positive

  • None.

Negative

  • None.
Insider Sunderland Todd
Role Insider
Bought 829 shs ($48K)
Type Security Shares Price Value
Purchase Common Shares of Beneficial Interest 27 $58.45 $2K
Purchase Common Shares of Beneficial Interest 802 $58.45 $47K
Holdings After Transaction: Common Shares of Beneficial Interest — 1,139.295 shares (Indirect, By immediate family members.); Common Shares of Beneficial Interest — 3,211.157 shares (Direct)
Footnotes (2)
  1. F1. Shares were acquired pursuant to the exercise of rights to acquire common shares in the Fund's transferrable rights offering, which expired on April 30, 2026, at the subscription price of $58.45. The number of common shares acquired was confirmed to exercising rights holders on May 7, 2026.
  2. F2. Includes 12.975 shares of common stock acquired through an Automatic Dividend Reinvestment Plan (DRIP).
Direct shares purchased 802 shares Common Shares of Beneficial Interest bought on May 7, 2026 at $58.45
Indirect shares purchased 27 shares Common Shares of Beneficial Interest via immediate family on May 7, 2026 at $58.45
Total shares purchased 829 shares Aggregate of direct and indirect purchases on May 7, 2026
Subscription price $58.45 per share Transferrable rights offering subscription price, confirmed May 7, 2026
Direct holdings after transaction 3,211.157 shares Direct ownership of Common Shares of Beneficial Interest after May 7, 2026
Indirect holdings after transaction 1,139.295 shares Indirect holdings through immediate family members after May 7, 2026
DRIP-acquired shares 12.975 shares Shares obtained via Automatic Dividend Reinvestment Plan included in holdings
Common Shares of Beneficial Interest financial
"security_title: "Common Shares of Beneficial Interest""
Common Shares of Beneficial Interest are units that represent ownership in a company or organization, like owning a piece of a pie. They give investors voting rights and a chance to share in profits, making them important for those looking to invest and have a say in how the organization is run.
transferrable rights offering financial
"acquired pursuant to the exercise of rights to acquire common shares in the Fund's transferrable rights offering"
subscription price financial
"rights offering, which expired on April 30, 2026, at the subscription price of $58.45"
Subscription price is the set amount an investor pays to buy newly issued shares, bonds or units when a company offers them directly, such as in a rights issue or subscription offering. It matters because it determines how much an investor’s ownership cost will be, affects potential gains or losses and influences dilution of existing shareholders—think of it as a pre-order price that helps decide whether joining the new issue is worthwhile.
Automatic Dividend Reinvestment Plan (DRIP) financial
"Includes 12.975 shares of common stock acquired through an Automatic Dividend Reinvestment Plan (DRIP)."
indirect ownership financial
"direct_or_indirect: "I", nature_of_ownership: "By immediate family members.""

AI-generated analysis. How Rhea-AI works. Not financial advice.

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FAQ

What insider transaction did NXG COO Todd Sunderland report on Form 4 for NXG?

Todd Sunderland reported buying 829 common shares of beneficial interest in NXG NextGen Infrastructure Income Fund on May 7, 2026 at $58.45 per share, split between direct holdings and shares held indirectly through immediate family members.

How many NXG shares did Todd Sunderland buy directly and indirectly?

Sunderland acquired 802 shares directly and 27 shares indirectly through immediate family members. Both purchases involved Common Shares of Beneficial Interest at a reported transaction price of $58.45 per share on May 7, 2026.

What is Todd Sunderland’s NXG share ownership after these transactions?

After the reported transactions, Sunderland holds 3,211.157 NXG shares directly and 1,139.295 shares indirectly. The indirect position includes shares held by immediate family members and reflects cumulative holdings following the May 7, 2026 purchases.

How were the newly acquired NXG shares obtained by Todd Sunderland?

The footnotes state Sunderland’s shares were acquired by exercising rights in a transferrable rights offering that expired on April 30, 2026. The subscription price was $58.45 per share, and final share amounts were confirmed on May 7, 2026.

What is the role of the DRIP in Todd Sunderland’s NXG holdings?

Sunderland’s indirect holdings include 12.975 shares acquired via an Automatic Dividend Reinvestment Plan (DRIP). Under such plans, cash distributions are automatically reinvested into additional fund shares instead of being paid out in cash.

What type of security did Todd Sunderland purchase in NXG?

He purchased Common Shares of Beneficial Interest of NXG NextGen Infrastructure Income Fund. These represent equity interests in the closed-end fund, giving holders a proportional claim on its assets and income, subject to the fund’s investment policies.
SEC Form 4
FORM 4UNITED STATES SECURITIES AND EXCHANGE COMMISSION
Washington, D.C. 20549

STATEMENT OF CHANGES IN BENEFICIAL OWNERSHIP

Filed pursuant to Section 16(a) of the Securities Exchange Act of 1934
or Section 30(h) of the Investment Company Act of 1940
OMB APPROVAL
OMB Number:3235-0287
Estimated average burden
hours per response:0.5
Check this box if no longer subject to Section 16. Form 4 or Form 5 obligations may continue. See Instruction 1(b).
Check this box to indicate that a transaction was made pursuant to a contract, instruction or written plan for the purchase or sale of equity securities of the issuer that is intended to satisfy the affirmative defense conditions of Rule 10b5-1(c). See Instruction 10.
1. Name and Address of Reporting Person*
Sunderland Todd

(Last)(First)(Middle)
4925 GREENVILLE AVENUE
SUITE 1310

(Street)
DALLAS TEXAS 75206

(City)(State)(Zip)

UNITED STATES

(Country)
2. Issuer Name and Ticker or Trading Symbol
NXG NextGen Infrastructure Income Fund [ NXG ]
5. Relationship of Reporting Person(s) to Issuer
(Check all applicable)
Director10% Owner
Officer (give title below)XOther (specify below)
COO
2a. Foreign Trading Symbol
3. Date of Earliest Transaction (Month/Day/Year)
05/07/2026
6. Individual or Joint/Group Filing (Check Applicable Line)
XForm filed by One Reporting Person
Form filed by More than One Reporting Person
4. If Amendment, Date of Original Filed (Month/Day/Year)

Table I - Non-Derivative Securities Acquired, Disposed of, or Beneficially Owned
1. Title of Security (Instr. 3) 2. Transaction Date (Month/Day/Year)2A. Deemed Execution Date, if any (Month/Day/Year)3. Transaction Code (Instr. 8) 4. Securities Acquired (A) or Disposed Of (D) (Instr. 3, 4 and 5) 5. Amount of Securities Beneficially Owned Following Reported Transaction(s) (Instr. 3 and 4) 6. Ownership Form: Direct (D) or Indirect (I) (Instr. 4) 7. Nature of Indirect Beneficial Ownership (Instr. 4)
CodeVAmount(A) or (D)Price
Common Shares of Beneficial Interest05/07/2026P27A$58.45(1)1,139.295(2)IBy immediate family members.
Common Shares of Beneficial Interest05/07/2026P802A$58.45(1)3,211.157D
Table II - Derivative Securities Acquired, Disposed of, or Beneficially Owned
(e.g., puts, calls, warrants, options, convertible securities)
1. Title of Derivative Security (Instr. 3) 2. Conversion or Exercise Price of Derivative Security 3. Transaction Date (Month/Day/Year)3A. Deemed Execution Date, if any (Month/Day/Year)4. Transaction Code (Instr. 8) 5. Number of Derivative Securities Acquired (A) or Disposed of (D) (Instr. 3, 4 and 5) 6. Date Exercisable and Expiration Date (Month/Day/Year)7. Title and Amount of Securities Underlying Derivative Security (Instr. 3 and 4) 8. Price of Derivative Security (Instr. 5) 9. Number of derivative Securities Beneficially Owned Following Reported Transaction(s) (Instr. 4) 10. Ownership Form: Direct (D) or Indirect (I) (Instr. 4) 11. Nature of Indirect Beneficial Ownership (Instr. 4)
CodeV(A)(D)Date ExercisableExpiration DateTitleAmount or Number of Shares
Explanation of Responses:
1. Shares were acquired pursuant to the exercise of rights to acquire common shares in the Fund's transferrable rights offering, which expired on April 30, 2026, at the subscription price of $58.45. The number of common shares acquired was confirmed to exercising rights holders on May 7, 2026.
2. Includes 12.975 shares of common stock acquired through an Automatic Dividend Reinvestment Plan (DRIP).
/s/ Brad Mead05/08/2026
** Signature of Reporting PersonDate
Reminder: Report on a separate line for each class of securities beneficially owned directly or indirectly.
* If the form is filed by more than one reporting person, see Instruction 4 (b)(v).
** Intentional misstatements or omissions of facts constitute Federal Criminal Violations See 18 U.S.C. 1001 and 15 U.S.C. 78ff(a).
Note: File three copies of this Form, one of which must be manually signed. If space is insufficient, see Instruction 6 for procedure.
Persons who respond to the collection of information contained in this form are not required to respond unless the form displays a currently valid OMB Number.
* Form 4: SEC 1474 (03-26)