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

Rhea-AI Filing Summary

Southwest Gas Holdings, Inc. director Anne L. Mariucci reported receiving a grant of 1,725.574 shares of Common Stock on February 19, 2026 in a stock award transaction. The shares were acquired at a stated price of $0.0000 per share, increasing her direct holdings to 50,100.063 shares. A footnote states this balance includes 1,123.038 shares previously acquired through exempt dividend reinvestment transactions.

Insider Trade Summary

Net Buyer: 1,725.574 shares

Net Buy 1 txn

Insider MARIUCCI ANNE L

Role Director

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

Holdings After Transaction: Common Stock — 50,100.063 shares (Direct)

Footnotes (1)

1. F1. Balance includes 1,123.038 shares acquired through exempt dividend reinvestment transactions.

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Form 4 Insider Transactions: What Each Field Means →

Accepted by SEC EDGAR 02/23/2026 - 08:42 PM Learn about SEC filing dates

FAQ

What insider transaction did Southwest Gas (SWX) report for Anne L. Mariucci?

Anne L. Mariucci reported a stock award acquisition. She received 1,725.574 shares of Common Stock on February 19, 2026 under a grant, increasing her direct holdings to 50,100.063 shares according to the Form 4 filing.

Was the Southwest Gas (SWX) director’s Form 4 transaction a market purchase or sale?

The transaction was not an open-market trade. It is coded as an “A” grant, award, or other acquisition with a reported price of $0.0000 per share, indicating a stock award rather than a traditional buy or sell in the market.

How many Southwest Gas (SWX) shares does Anne L. Mariucci own after this award?

Post-transaction, her direct ownership is 50,100.063 shares. This total includes the newly awarded 1,725.574 shares and, per a footnote, 1,123.038 shares previously acquired through exempt dividend reinvestment transactions.

What does the $0.0000 per share price mean in the SWX director’s Form 4?

The reported price of $0.0000 per share reflects a stock award. The Form 4 describes the code as a grant, award, or other acquisition, indicating the director received shares without paying cash in an open-market purchase.

What is the significance of the dividend reinvestment footnote in the SWX Form 4?

The footnote clarifies part of the director’s share balance. It states that 1,123.038 shares included in the reported total were acquired through exempt dividend reinvestment transactions, distinguishing those shares from the new 1,725.574-share award.

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^*

MARIUCCI ANNE L

(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	50,100.063(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 1,123.038 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.