Mott Michael, an officer at NextDecade Corp, has sold 4,209 shares of the company’s common stock. This transaction, valued at approximately $25,866, is significant as it relates to a vested equity award distribution.

NextDecade Corp operates within the natural gas transmission and distribution industry. The company, incorporated in Delaware, has its headquarters located at 1000 Louisiana Street, Suite 3300, Houston, Texas.

The filing indicates that the shares were sold on October 21, 2026, and were acquired on October 16, 2026, through a restricted stock vesting transaction. The sale was necessary to cover a tax obligation resulting from the settlement of the vested equity award distribution.

This move may impact various stakeholders, including shareholders and potential investors, as it reflects the company's compensation strategies and the financial activities of its executives. The filing also notes that there have been no securities sold by Mott Michael in the past three months.

NextDecade Corp continues to operate in a competitive landscape, with other companies in the natural gas sector also navigating similar challenges and opportunities.

The filing does not say what happens next.

Details of the Transaction

The filing specifies that the shares sold by Mott Michael were executed through Fidelity Brokerage Services LLC, located in Smithfield, Rhode Island. This brokerage facilitated the transaction on the NASDAQ exchange.

Additionally, the total number of units outstanding for NextDecade Corp's common stock is reported to be 266,185,433 shares. This figure provides context regarding the size of the transaction relative to the overall equity structure of the company.

"Sale includes an amount necessary to cover a tax obligation resulting from the settlement of a vested equity award distribution."

Company Background

NextDecade Corp, incorporated in Delaware, operates in the natural gas transmission and distribution sector, classified under the Standard Industrial Classification code 4923. The company has undergone name changes in the past, previously known as Harmony Merger Corp before rebranding in July 2017.

The fiscal year for NextDecade Corp ends on December 31, aligning its financial reporting with the calendar year.