Southwest Gas CEO reports new stock awards

Southwest Gas Holdings President and CEO Karen S. Haller reported two stock awards of common stock on February 19, 2026.

Rhea-AI Filing Summary

Southwest Gas Holdings President and CEO Karen S. Haller reported two stock awards of common stock on February 19, 2026. One award covered 16,755.921 shares and a second covered 33,304.388 shares, both at a stated price of $0.00 per share.

Footnotes indicate these awards relate to restricted stock units that vest over three years (40%, 30%, 30%) with continued service, and performance stock units delivered three years after grant upon achievement of performance goals. Following these acquisitions, she directly held 198,903.499 shares of Southwest Gas common stock, with additional indirect holdings through a spouse and a 401(k) plan.

Insider Trade Summary

Grant/Award: 50,060.309 shares

Grant/Award 4 txns

Insider Haller Karen S

Role President and CEO

Type	Security	Shares	Price	Value
Grant/Award	Common Stock	16,755.921	$0.00	$0.00
Grant/Award	Common Stock	33,304.388	$0.00	$0.00
holding	Common Stock	--	--	--
holding	Common Stock	--	--	--

Holdings After Transaction: Common Stock — 198,903.499 shares (Direct); Common Stock — 996 shares (Indirect, By Spouse); Common Stock — 2,498.714 shares (Indirect, By 401(k))

Footnotes (2)

1. F1. Each restricted stock unit represents a contingent right to receive one share of SWX common stock. Restricted stock units vest in three annual installments (40%, 30%, 30%), assuming continued service.
2. F2. Settled Performance Stock Units delivered to the reporting person three years after grant date as a result of satisfaction of performance goals.

FAQ

AI-generated questions and answers. How Rhea-AI works. Not financial advice.

What did Southwest Gas (SWX) CEO Karen S. Haller report in this Form 4?

Karen S. Haller reported two stock awards of Southwest Gas common stock on February 19, 2026. These were classified as grant, award, or other acquisition transactions, increasing her direct ownership and reflecting equity-based compensation rather than open-market purchases.

How many Southwest Gas (SWX) shares were granted to the CEO in the latest awards?

The CEO received two awards: one for 16,755.921 shares and another for 33,304.388 shares of common stock. Both awards carried a stated price of $0.00 per share, indicating they were equity compensation grants instead of cash purchases in the open market.

How many Southwest Gas (SWX) shares does the CEO hold after these transactions?

After the reported stock awards, Karen S. Haller directly held 198,903.499 shares of Southwest Gas common stock. The Form 4 also shows additional indirect holdings through her spouse and a 401(k) plan, reflecting broader economic exposure beyond her direct ownership.

What are the vesting terms of the Southwest Gas (SWX) restricted stock units?

Each restricted stock unit represents a right to one SWX share and vests over three years in three annual installments of 40%, 30%, and 30%, subject to continued service. This structure is designed to align ongoing executive incentives with longer-term company performance.

What are the performance stock units mentioned in the Southwest Gas (SWX) Form 4?

The filing notes performance stock units that are settled and delivered to the reporting person three years after the grant date. Delivery occurs only after performance goals are satisfied, linking the ultimate share payout directly to Southwest Gas’s achievement of defined performance targets.

Were there any Southwest Gas (SWX) insider stock sales in this Form 4?

No insider stock sales were reported. All coded transactions were acquisitions classified as grants or awards of common stock, with a stated price of $0.00 per share. The remaining entries simply update indirect holdings through a spouse and a 401(k) plan.

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Accepted by SEC EDGAR 02/23/2026 - 08:42 PM Learn about SEC filing dates

SEC Form 4

FORM 4

UNITED STATES SECURITIES AND EXCHANGE COMMISSION
Washington, D.C. 20549

STATEMENT OF CHANGES IN BENEFICIAL OWNERSHIP

Filed pursuant to Section 16(a) of the Securities Exchange Act of 1934
or Section 30(h) of the Investment Company Act of 1940

OMB APPROVAL

OMB Number:			3235-0287
Estimated average burden
hours per response:			0.5

Check this box if no longer subject to Section 16. Form 4 or Form 5 obligations may continue. See Instruction 1(b).

Check this box to indicate that a transaction was made pursuant to a contract, instruction or written plan for the purchase or sale of equity securities of the issuer that is intended to satisfy the affirmative defense conditions of Rule 10b5-1(c). See Instruction 10.

1. Name and Address of Reporting Person^*

Haller Karen S

(Last) (First) (Middle)

8360 S. DURANGO DR.

(Street)

LAS VEGAS NV 89113

(City) (State) (Zip)

2. Issuer Name and Ticker or Trading Symbol
Southwest Gas Holdings, Inc. [ SWX ]

5. Relationship of Reporting Person(s) to Issuer
(Check all applicable)

	Director		10% Owner
X	Officer (give title below)		Other (specify below)
	President and CEO

3. Date of Earliest Transaction (Month/Day/Year)
02/19/2026

4. If Amendment, Date of Original Filed (Month/Day/Year)

6. Individual or Joint/Group Filing (Check Applicable Line)

X	Form filed by One Reporting Person
	Form filed by More than One Reporting Person

Table I - Non-Derivative Securities Acquired, Disposed of, or Beneficially Owned
1. Title of Security (Instr. 3)	2. Transaction Date (Month/Day/Year)	2A. Deemed Execution Date, if any (Month/Day/Year)	3. Transaction Code (Instr. 8)		4. Securities Acquired (A) or Disposed Of (D) (Instr. 3, 4 and 5)			5. Amount of Securities Beneficially Owned Following Reported Transaction(s) (Instr. 3 and 4)	6. Ownership Form: Direct (D) or Indirect (I) (Instr. 4)	7. Nature of Indirect Beneficial Ownership (Instr. 4)
			Code	V	Amount	(A) or (D)	Price
Common Stock	02/19/2026		A		16,755.921(1)	A	$0	165,599.111	D
Common Stock	02/19/2026		A		33,304.388(2)	A	$0	198,903.499	D
Common Stock								996	I	By Spouse
Common Stock								2,498.714	I	By 401(k)

Table II - Derivative Securities Acquired, Disposed of, or Beneficially Owned (e.g., puts, calls, warrants, options, convertible securities)
1. Title of Derivative Security (Instr. 3)	2. Conversion or Exercise Price of Derivative Security	3. Transaction Date (Month/Day/Year)	3A. Deemed Execution Date, if any (Month/Day/Year)	4. Transaction Code (Instr. 8)		5. Number of Derivative Securities Acquired (A) or Disposed of (D) (Instr. 3, 4 and 5)		6. Date Exercisable and Expiration Date (Month/Day/Year)		7. Title and Amount of Securities Underlying Derivative Security (Instr. 3 and 4)		8. Price of Derivative Security (Instr. 5)	9. Number of derivative Securities Beneficially Owned Following Reported Transaction(s) (Instr. 4)	10. Ownership Form: Direct (D) or Indirect (I) (Instr. 4)	11. Nature of Indirect Beneficial Ownership (Instr. 4)
				Code	V	(A)	(D)	Date Exercisable	Expiration Date	Title	Amount or Number of Shares

Explanation of Responses:

1. Each restricted stock unit represents a contingent right to receive one share of SWX common stock. Restricted stock units vest in three annual installments (40%, 30%, 30%), assuming continued service.

2. Settled Performance Stock Units delivered to the reporting person three years after grant date as a result of satisfaction of performance goals.

Remarks:

	Catherine M. Mazzeo, POA	02/23/2026
	** Signature of Reporting Person	Date
Reminder: Report on a separate line for each class of securities beneficially owned directly or indirectly.
* If the form is filed by more than one reporting person, see Instruction 4 (b)(v).
** Intentional misstatements or omissions of facts constitute Federal Criminal Violations See 18 U.S.C. 1001 and 15 U.S.C. 78ff(a).
Note: File three copies of this Form, one of which must be manually signed. If space is insufficient, see Instruction 6 for procedure.
Persons who respond to the collection of information contained in this form are not required to respond unless the form displays a currently valid OMB Number.