Southwest Gas Holdings (SWX) SVP receives new stock awards in Form 4

Rhea-AI Filing Summary

Southwest Gas Holdings senior vice president Julie M. Williams reported equity awards in company common stock. On February 19, 2026, she acquired 2,993.574 shares and an additional 8,824.832 shares at a price of $0.0000 per share through grants and awards. Footnotes explain that some awards are restricted stock units vesting 40%, 30%, 30% over three years with continued service, and others are performance stock units settled three years after grant when performance goals are met. Following these awards, her direct holdings increased to 32,422.372 shares, with a separate 2,485.076 shares held indirectly through a 401(k) plan.

Insider Trade Summary

3 transactions reported

Mixed 3 txns

Insider Williams Julie M.

Role SVP/Cont. Improvement and Opt.

Type	Security	Shares	Price	Value
Grant/Award	Common Stock	2,993.574	$0.00	--
Grant/Award	Common Stock	8,824.832	$0.00	--
holding	Common Stock	--	--	--

Holdings After Transaction: Common Stock — 23,597.54 shares (Direct); Common Stock — 2,485.076 shares (Indirect, By 401(k))

Footnotes (1)

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

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^*

Williams Julie M.

(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)
	SVP/Cont. Improvement and Opt.

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		2,993.574(1)	A	$0	23,597.54	D
Common Stock	02/19/2026		A		8,824.832(2)	A	$0	32,422.372	D
Common Stock								2,485.076	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.

FAQ

What insider transaction did Southwest Gas (SWX) report for Julie M. Williams?

Southwest Gas reported that SVP Julie M. Williams acquired common stock through equity awards. On February 19, 2026, she received grants totaling 2,993.574 and 8,824.832 shares at zero cost, increasing her reported direct and 401(k) holdings in SWX stock.

How many Southwest Gas (SWX) shares does Julie M. Williams hold after this Form 4?

After the reported grants, Julie M. Williams holds 32,422.372 Southwest Gas common shares directly. In addition, 2,485.076 shares are held indirectly through a 401(k) plan, giving her a combined reported direct and indirect ownership stake in SWX stock.

What type of awards did Julie M. Williams receive from Southwest Gas (SWX)?

The awards consist of restricted stock units and settled performance stock units. Each restricted stock unit represents one SWX share, while performance stock units are delivered three years after grant once specified performance goals are satisfied, according to the footnotes in the Form 4 filing.

How do Southwest Gas (SWX) restricted stock units granted to Julie M. Williams vest?

The restricted stock units vest in three annual installments: 40% in the first year, 30% in the second year, and 30% in the third year. Vesting requires that Julie M. Williams continue her service with Southwest Gas throughout the applicable vesting periods.

What are performance stock units in the Southwest Gas (SWX) grant to Julie M. Williams?

Performance stock units are equity awards that convert into SWX shares only if performance goals are met. The filing notes these units are settled and delivered three years after the grant date, reflecting satisfaction of the specified performance criteria over that period.

Did Julie M. Williams buy or sell Southwest Gas (SWX) shares on the open market?

The Form 4 does not show open-market buys or sells. Instead, it reports share acquisitions coded as awards or grants at a price of $0.0000 per share, reflecting compensation-related equity rather than traditional market purchases or sales of SWX stock.