Form 4 for NEXT NextDecade Corp
Accepted 2022-10-07 00:00:00 ET · period of report 2022-10-06 · accession 0001437749-22-023845 · SEC index · Original document
Summary rows
Aggregated the way they appear in lists: one row per insider, transaction code and security table.
| X | Filed | Traded | Ticker | Insider | Title | Type | Price | Qty | Owned | ΔOwn | Value |
|---|---|---|---|---|---|---|---|---|---|---|---|
| 2022-10-07 | 2022-10-06 | NEXT | Schatzman Matthew K | CEO, Dir | A - Grant | $0.00 | +263.3K | 1.39M | +23% | $0 |
Purchase Sale Sale after option exercise All abbreviations
Every reported transaction
| # | Table | Security | Date | Code | A/D | Shares | Price | Owned after | Own | Exercise / expiry | Underlying | Footnotes |
|---|---|---|---|---|---|---|---|---|---|---|---|---|
| 1 | Common | Common Stock | 2022-10-06 | A | A | 263,261 | $0.00 | 1,385,449 | D | — | — | (F1) Shares are represented by performance-based restricted stock units ("PSUs"). Each PSU represents a contingent right to receive one share of common stock of the Issuer, subject to the performance condition and continued employment through the end of the performance period. The performance condition is a measurement of the Issuer's volume weighted average trading price for the 20 trading days immediately preceding August 31, 2025 (the "Ending Price") and will be satisfied as follows: 25% of the PSUs will vest if the Ending Price meets or exceeds $11.00 per share; 50% of the PSUs will vest if the Ending Price meets or exceeds $13.50 per share; 75% of the PSUs will vest if the Ending Price meets or exceeds $17.00 per share; and 100% of the PSUs will vest if the Ending Price meets or exceeds $20.00 per share, with vesting between Ending Price thresholds determined by linear interpolation. |