Director at Southwest Gas (SWX) receives 2,588.3610-share stock grant

Rhea-AI Filing Summary

Southwest Gas Holdings, Inc. director Renae E. Conley reported receiving a stock grant of 2,588.3610 shares of common stock on February 19, 2026. The award carried a price of $0.0000 per share, indicating it was a compensatory grant rather than an open‑market purchase.

After this grant, Conley directly owns a total of 12,281.5570 common shares. This balance includes 165.188 shares that were previously acquired through exempt dividend reinvestment transactions, showing that a portion of the holdings has accumulated over time from reinvested dividends.

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

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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^*

CONLEY E RENAE

(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)

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

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		2,588.361	A	$0	12,281.557(1)	D

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. Balance includes 165.188 shares acquired through exempt dividend reinvestment transactions.

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.
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FAQ

What insider transaction did Southwest Gas (SWX) report for Renae Conley?

Southwest Gas (SWX) reported that director Renae E. Conley received a grant of 2,588.3610 shares of common stock. The award was recorded at a price of $0.0000 per share, indicating a compensatory stock grant rather than an open‑market transaction.

How many Southwest Gas (SWX) shares does Renae Conley own after the latest grant?

After the stock grant, Renae E. Conley directly owns 12,281.5570 Southwest Gas common shares. This total reflects her entire reported direct stake following the award, combining both the new grant and previously held shares disclosed in the filing.

What was the price per share for Renae Conley’s Southwest Gas stock grant?

The reported price per share for Renae Conley’s Southwest Gas stock grant was $0.0000. This zero price indicates the shares were granted as compensation, not purchased on the market, and therefore did not involve cash consideration from the director.

Does Renae Conley’s Southwest Gas ownership include dividend reinvestment shares?

Yes. The filing notes that Conley’s balance includes 165.188 shares acquired through exempt dividend reinvestment transactions. These reinvested dividends have added to her overall Southwest Gas holdings over time, alongside the newly granted award shares.

Is Renae Conley’s Southwest Gas stock transaction a purchase or an award?

The transaction is an award, not a market purchase. It is coded as a grant or other acquisition and reported at $0.0000 per share, which characterizes the 2,588.3610 shares as a compensatory stock grant to director Renae Conley rather than a buy order.