Westwood (NYSE: WHG) director receives 5,780-share stock award

Rhea-AI Filing Summary

MASTERSON ELLEN H reported acquisition or exercise transactions in this Form 4 filing.

Westwood Holdings Group Inc. director Ellen H. Masterson received an award of 5,780 shares of common stock on April 30, 2026. The shares were granted at a stated price of $0.00 per share, reflecting equity-based compensation rather than an open-market purchase. Following this grant, she directly holds 52,614 shares of Westwood common stock.

Insider Trade Summary

1 transaction reported

Mixed 1 txn

Insider MASTERSON ELLEN H

Role null

Type	Security	Shares	Price	Value
Grant/Award	common stock	5,780	$0.00	--

Holdings After Transaction: common stock — 52,614 shares (Direct, null)

Footnotes (1)

Key Figures

Equity award: 5,780 shares Grant price: $0.00 per share Post-transaction holdings: 52,614 shares

3 metrics

Equity award 5,780 shares Common stock grant on April 30, 2026

Grant price $0.00 per share Stated price for the 5,780-share award

Post-transaction holdings 52,614 shares Direct WHG common stock held after the grant

Key Terms

Form 4, grant/award acquisition, common stock, transaction code "A"

4 terms

Form 4 regulatory

"Insider transaction was reported on a Form 4 for Westwood."

Form 4 is a official document that company insiders, such as executives or major shareholders, file with regulators whenever they buy or sell company shares. It provides transparency about how those with inside knowledge are trading, helping investors see if insiders are confident in the company's prospects or may be selling for personal reasons. This information can influence investor decisions by revealing insiders' perspectives on the company's value.

grant/award acquisition financial

"The transaction is classified as a grant/award acquisition of shares."

common stock financial

"The award consisted of shares of Westwood Holdings Group common stock."

Common stock represents ownership shares in a company, giving investors a stake in its success and a say in important decisions through voting rights. It is the most common type of stock traded on markets and can provide income through dividends, as well as potential for value growth. For investors, holding common stock means sharing in the company’s profits and risks.

transaction code "A" regulatory

"Transaction code "A" denotes a grant, award, or other acquisition."

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^*

MASTERSON ELLEN H

(Last) (First) (Middle)

200 CRESCENT COURT

SUITE 1200

(Street)

DALLAS TEXAS 75201

(City) (State) (Zip)

UNITED STATES

(Country)

2. Issuer Name and Ticker or Trading Symbol
WESTWOOD HOLDINGS GROUP INC [ WHG ]

5. Relationship of Reporting Person(s) to Issuer
(Check all applicable)

X	Director		10% Owner
	Officer (give title below)		Other (specify below)

2a. Foreign Trading Symbol

3. Date of Earliest Transaction (Month/Day/Year)
04/30/2026

6. Individual or Joint/Group Filing (Check Applicable Line)

X	Form filed by One Reporting Person
	Form filed by More than One Reporting Person

4. If Amendment, Date of Original Filed (Month/Day/Year)

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	04/30/2026		A		5,780	A	$0	52,614	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:

Remarks:

	Jonathan Richard Nahhat, by POA from Ellen Masterson	05/06/2026
	** 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.
* Form 4: SEC 1474 (03-26)

FAQ

What insider transaction did WHG director Ellen H. Masterson report?

Ellen H. Masterson reported receiving an award of 5,780 shares of Westwood Holdings Group common stock. The shares were granted at a stated $0.00 price per share, indicating equity compensation instead of an open-market stock purchase.

Was the WHG insider transaction a stock purchase or a share grant?

The WHG insider transaction was a grant/award acquisition, not an open-market stock purchase. Director Ellen H. Masterson received 5,780 common shares at a stated price of $0.00 per share as equity-based compensation.

How many WHG shares does Ellen H. Masterson own after this Form 4 filing?

After this Form 4 transaction, Ellen H. Masterson directly holds 52,614 shares of Westwood Holdings Group common stock. This total reflects her position immediately following the 5,780-share equity grant reported in the filing.

What does transaction code "A" mean in the WHG Form 4 filing?

Transaction code "A" in the WHG Form 4 indicates a grant, award, or other acquisition of securities. In this case, it reflects an equity award of 5,780 common shares to director Ellen H. Masterson at a stated price of $0.00.

Did WHG director Ellen H. Masterson sell any shares in this Form 4?

No share sales are reported in this Form 4. The filing shows only an acquisition via grant of 5,780 common shares, bringing Ellen H. Masterson’s direct holdings to 52,614 shares after the transaction.