Southwest Gas (SWX) SVP disposes shares to cover tax on awards
Filing Impact
Filing Sentiment
Form Type
4
Rhea-AI Filing Summary
Southwest Gas Holdings SVP Amy L. Timperley reported a tax-withholding disposition of 1,182.367 shares of common stock on Performance Stock Units that settled after meeting performance goals, at $80.02 per share. After this, she held 15,118.242 shares directly and 8,975.446 shares indirectly through a 401(k).
Positive
- None.
Negative
- None.
Insider Trade Summary
2 transactions reported
Mixed
2 txns
Insider
Timperley Amy L.
Role
SVP/Chief Reg. & Public Aff.
| Type | Security | Shares | Price | Value |
|---|---|---|---|---|
| Tax Withholding | Common Stock | 1,182.367 | $80.02 | $95K |
| holding | Common Stock | -- | -- | -- |
Holdings After Transaction:
Common Stock — 15,118.242 shares (Direct);
Common Stock — 8,975.446 shares (Indirect, By 401(k))
Footnotes (1)
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FAQ
What insider transaction did Southwest Gas (SWX) report for Amy L. Timperley?
Southwest Gas reported that SVP Amy L. Timperley had 1,182.367 common shares disposed to cover taxes on vested Performance Stock Units at $80.02 per share. This was a tax-withholding event, not an open-market purchase or sale, tied to satisfied performance goals.
Was the Southwest Gas (SWX) insider transaction an open-market sale?
The transaction was a tax-withholding disposition, coded as payment of tax liability by delivering securities, rather than an open-market sale. Shares were withheld upon settlement of Performance Stock Units after performance goals were met, according to the accompanying explanatory footnote.
What do the Performance Stock Units in the Southwest Gas (SWX) filing represent?
The Performance Stock Units represent equity awards that delivered shares once specified performance goals were satisfied. When those units settled, Southwest Gas withheld 1,182.367 shares from Amy L. Timperley to cover related tax liabilities, as described in the footnote to the Form 4 filing.