Director at Southwest Gas (SWX) receives 1,725.574-share common stock grant

Rhea-AI Filing Summary

Southwest Gas Holdings, Inc. director Carlos Ruisanchez reported receiving a grant of 1,725.574 shares of common stock on February 19, 2026. The award was recorded at a price of $0.0000 per share, indicating it was a stock grant rather than an open-market purchase. Following this transaction, his directly held stake increased to 10,692.546 shares, which the footnote explains includes 283.574 shares acquired through exempt dividend reinvestment.

Insider Trade Summary

1 transaction reported

Mixed 1 txn

Insider Ruisanchez Carlos

Role Director

Type	Security	Shares	Price	Value
Grant/Award	Common Stock	1,725.574	$0.00	--

Holdings After Transaction: Common Stock — 10,692.546 shares (Direct)

Footnotes (1)

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Form 4 Insider Transactions: What Each Field Means →

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^*

Ruisanchez Carlos

(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	10,692.546(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 283.574 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.
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.

FAQ

What insider transaction did SWX director Carlos Ruisanchez report?

Carlos Ruisanchez reported receiving a grant of 1,725.574 Southwest Gas Holdings (SWX) common shares. The award was recorded at a price of $0.0000 per share, indicating an equity grant rather than an open-market purchase, and increased his directly held position in the company.

How many SWX shares does Carlos Ruisanchez hold after this Form 4 filing?

After the reported grant, Carlos Ruisanchez directly holds 10,692.546 Southwest Gas Holdings (SWX) common shares. A filing footnote clarifies that this balance includes 283.574 shares acquired through exempt dividend reinvestment transactions, reflecting both granted and reinvested shares in his total ownership.

Was the SWX stock transaction by Carlos Ruisanchez a purchase or an award?

The SWX transaction was an award, not an open-market purchase. It is coded as a grant, award, or other acquisition at a price of $0.0000 per share, confirming it represents equity compensation rather than shares bought on the market by the director.

What does the dividend reinvestment footnote in the SWX Form 4 mean?

The footnote states that 283.574 shares within Carlos Ruisanchez’s total SWX holdings were acquired through exempt dividend reinvestment. This means some of his Southwest Gas Holdings shares came from automatically reinvesting cash dividends into additional company stock.

How is ownership of the reported SWX shares characterized in this Form 4?

The reported SWX shares are categorized as directly owned by Carlos Ruisanchez. The Form 4 lists the ownership type as direct, and does not attribute the holdings to any separate trust, partnership, or other entity, indicating personal beneficial ownership of the disclosed common stock.