Wells Louis Spencer 4

What Happened
Wells Louis Spencer, a director of NextDecade Corp (NEXT), received a grant of 30,245 restricted shares on January 30, 2026. The award was reported as an "A" transaction (grant/award) at $0.00 per share (total reported acquisition value $0). This was a stock award (restricted shares), not an open-market purchase or sale.

Key Details

• Transaction date: 2026-01-30; Filing date (Form 4): 2026-02-03 (filed within the two-business-day Form 4 deadline).
• Transaction type/code: Grant/Award (A). Price per share reported: $0.00. Reported acquisition: 30,245 shares.
• Shares owned following the transaction: not disclosed in the filed Form 4.
• Footnote: These are restricted shares that will vest on January 31, 2027.
• Not an option exercise, sale, or gift — this is a compensation-related restricted stock grant to a director.

Context
Restricted stock awards are commonly used as compensation and typically vest over time; the grant itself does not indicate an immediate cash outlay by the director nor an immediate market transaction. For investors, awards to directors are routine corporate governance/compensation events and should be considered alongside other insider activity and company fundamentals.