Matthew K. Schatzman - Oct 6, 2022 Form 4 Insider Report for NextDecade Corp. (NEXT)

Role: CEO, Director
Signature: /s/ Vera de Gyarfas, Attorney-in-fact
Stock symbol: NEXT
Transactions as of: Oct 6, 2022
Transactions value $: $0
Form type: 4
Date filed: 10/7/2022, 05:05 PM
Previous filing: Sep 19, 2022
Next filing: Dec 19, 2022

Transactions Table

Type	Sym	Class	Transaction	Value $	Shares	Change %	* Price $	Shares After	Date	Ownership	Footnotes
transaction	NEXT	Common Stock	Award	$0	+263K	+23.46%	$0.00	1.39M	Oct 6, 2022	Direct	F1

* An asterisk sign (*) next to the price indicates that the price is likely invalid.

Explanation of Responses:

Id	Content
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.

Content

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.