NextDecade (NEXT) executive compensation, 2026 proxy

Matthew K. Schatzman, Chairman and Chief Executive Officer, was paid $12.8M in 2025, up 172% from $4.7M the year before. The CEO-to-median-employee pay ratio was 53:1, on median employee pay of $242,610.

Filed
April 23, 2026
Annual meeting
June 3, 2026
Pay year
2025
Named executives
5
CEO total pay
$12.8M+172% vs prior year
CEO to median employee
53:1median $242,610
CEO pay in equity
77%$9.9M in awards
Prior say-on-pay support
89%of votes cast
CEO Target Bonus
$1,300,000140% of base salary
2025 Incentive Payout
157%Of target based on scorecard
Say-on-Pay Support
89%At 2025 annual meeting
Total Employees
370As of December 31, 2025

How Schatzman was paid

$12.8M in total for 2025, as reported in the Summary Compensation Table. Equity awards are valued at grant, not at what they turned out to be worth.

Salary7%Stock awards77%Non-equity incentive16%

Named executive officers

ExecutiveTotal
Matthew K. SchatzmanChairman and Chief Executive Officer$12,843,261
Michael MottInterim Chief Financial Officer$1,717,597
Vera de GyarfasGeneral Counsel and Corporate Secretary$3,540,447
Tarik SkeikChief Operating Officer$3,074,943
Brent E. WahlFormer Chief Financial Officer$1,494,822

What changed and why

  • $12.8MChairman and CEO Matthew K. Schatzman received total compensation of $12,843,261 in 2025, compared to $4,729,312 in 2024.
  • 157%Named executive officers were awarded an annual incentive payout of 157% of target for 2025 performance.
  • 58%Phase 1 of the Rio Grande LNG Facility construction progressed to approximately 58% complete by December 2025.
  • Final investment decisions (FIDs) on Train 4 and Train 5 were successfully achieved in September and October 2025.
  • 200%The company adopted a maximum annual incentive payout cap of 200% of target for 2025 and future years.

About this page

Figures are automated and can be wrong; check the filing for the exact numbers. Totals follow SEC rules, which value stock and option awards at grant. Read the DEF 14A proxy statement for footnotes and the compensation committee's full reasoning.