Southwest Gas (SWX) director receives 1,725-share stock grant in Form 4

Rhea-AI Filing Summary

Southwest Gas Holdings director Andrew W. Evans reported an equity award of 1,725.574 shares of common stock on February 19, 2026. The grant was recorded at a price of $0.00 per share, reflecting a stock-based award rather than an open-market purchase.

After this award, Evans directly held a total of 10,045.902 shares of Southwest Gas Holdings common stock. This balance includes 215.249 shares that were previously acquired through exempt dividend reinvestment transactions, as noted in the filing footnote.

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^*

Evans Andrew W

(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		1,725.574	A	$0	10,045.902(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 215.249 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.
* 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.
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FAQ

What insider transaction did Southwest Gas (SWX) director Andrew W. Evans report?

Director Andrew W. Evans reported receiving a grant of 1,725.574 Southwest Gas common shares on February 19, 2026. The shares were awarded at $0.00 per share, indicating a stock-based compensation grant rather than an open-market transaction.

How many Southwest Gas (SWX) shares does Andrew W. Evans hold after this Form 4?

After the reported grant, Andrew W. Evans directly holds 10,045.902 shares of Southwest Gas common stock. This figure includes 215.249 shares that were previously acquired through exempt dividend reinvestment transactions, as disclosed in the footnote.

Was the Southwest Gas (SWX) Form 4 transaction a purchase or a grant?

The Form 4 transaction is a grant or award acquisition, not an open-market purchase. Evans received 1,725.574 shares at $0.00 per share, which the filing classifies as a grant, award, or other acquisition of common stock.

What is the transaction code used in Andrew W. Evans’ Southwest Gas (SWX) Form 4?

The transaction is coded “A”, which the filing describes as a grant, award, or other acquisition of common stock. This code confirms the shares were granted as compensation rather than bought or sold on the open market.

Does the Southwest Gas (SWX) Form 4 mention dividend reinvestment shares for Andrew W. Evans?

Yes. A footnote states that Evans’ balance includes 215.249 shares acquired through exempt dividend reinvestment transactions. These dividend reinvestment shares form part of his total direct ownership after the reported stock grant.

What type of security is involved in Andrew W. Evans’ Southwest Gas (SWX) Form 4 filing?

The Form 4 involves Southwest Gas Holdings common stock. Evans received an award of 1,725.574 common shares, increasing his total direct holdings to 10,045.902 common shares according to the reported post-transaction balance.