Williams Julie M. 4

What Happened

• Julie M. Williams, Senior Vice President, Continuous Improvement & Operations at Southwest Gas Holdings (SWX), received equity awards on Feb 19, 2026. The filing shows two award entries: 2,993.574 restricted stock units (RSUs) and 8,824.832 performance-based units, each recorded at $0.00 (no cash paid). Total units acquired: 11,818.406.
• This was an award/grant (not a market purchase or sale), so it does not represent an open-market bullish or bearish trade by the insider.

Key Details

• Transaction date: 2026-02-19; filing date: 2026-02-23 (filed within required two business days).
• Prices: $0.00 per unit (awarded shares, no cash consideration).
• Total units awarded: 2,993.574 RSUs + 8,824.832 performance units = 11,818.406 units.
• Vesting / settlement notes:
  • F1: Each RSU equals a contingent right to one share; RSUs vest in three annual installments (40% / 30% / 30%) subject to continued service.
  • F2: The performance stock units were settled/delivered to the reporting person three years after the grant date following satisfaction of performance goals.
• Shares owned after the transaction: not provided in the info you supplied (see the Form 4 for post-transaction beneficial ownership).

Context

• Award grants (RSUs/PSUs) are common executive compensation and are different from purchases or sales; RSUs typically convert to shares over time if service and/or performance conditions are met. Performance units delivered after meeting goals indicate those metrics were satisfied for the referenced grant period.