Southwest Gas (SWX) president reports tax-withholding stock dispositions
Rhea-AI Filing Summary
Southwest Gas Holdings, Inc. president Justin L. Brown reported two tax-related share dispositions of common stock on February 27, 2026. A total of 3,208.776 shares were withheld at $87.6000 per share and 6,838.144 shares were withheld at $80.0200 per share to cover taxes on settled performance stock units.
Positive
- None.
Negative
- None.
Insider Trade Summary
Net Seller: 10,046.92 shares
Net Sell
6 txns
Insider
Brown Justin L
Role
President/Southwest Gas Corp.
| Type | Security | Shares | Price | Value |
|---|---|---|---|---|
| Exercise Price or Tax Liability | Common Stock | 3,208.776 | $87.60 | $281K |
| Exercise Price or Tax Liability | Common Stock | 6,838.144 | $80.02 | $547K |
| holding | Common Stock | -- | -- | -- |
| holding | Common Stock | -- | -- | -- |
| holding | Common Stock | -- | -- | -- |
| holding | Common Stock | -- | -- | -- |
Holdings After Transaction:
Common Stock — 27,622.675 shares (Direct);
Common Stock — 10,207.59 shares (Indirect, By LLC);
Common Stock — 3,658.482 shares (Indirect, By 401(k));
Common Stock — 210.12 shares (Indirect, By Spouse);
Common Stock — 14,586.122 shares (Indirect, By Trust)
Footnotes (1)
- F1. Shares withheld to cover tax on settled Performance Stock Units delivered as a result of satisfaction of performance goals and reported on February 23, 2026.
AI-generated analysis. How Rhea-AI works. Not financial advice.
FAQ
What insider transaction did SWX executive Justin L. Brown report?
Justin L. Brown reported tax-withholding dispositions of Southwest Gas common stock. On February 27, 2026, 3,208.776 shares and 6,838.144 shares were withheld to satisfy tax obligations related to settled performance stock units, rather than being open-market sales.
Were Justin L. Brown’s SWX Form 4 transactions open-market sales?
No, the transactions were classified as tax-withholding dispositions under code F. Shares were withheld to pay tax liabilities on settled performance stock units, according to the Form 4 data and footnote, rather than being discretionary open-market sales of Southwest Gas stock.
What does transaction code F mean in Justin L. Brown’s SWX Form 4?
Transaction code F indicates payment of an exercise price or tax liability by delivering securities. For Justin L. Brown, the Form 4 notes shares were withheld to cover taxes on settled performance stock units, rather than reflecting a traditional open-market buy or sell transaction.
What role does Justin L. Brown hold at Southwest Gas Holdings (SWX)?
Justin L. Brown is identified as an officer of Southwest Gas Holdings, serving as President of Southwest Gas Corp. This role is disclosed in the insider filing alongside the reported tax-withholding share dispositions in Southwest Gas common stock on February 27, 2026.