Thornton Leslie T 4

What Happened
Leslie T. Thornton, a director of Southwest Gas Holdings, Inc., received an award/grant of 1,725.574 common shares on February 19, 2026. The shares were reported as acquired at a price of $0.00 (transaction code A), so no cash was paid by the insider for this issuance.

Key Details

• Transaction date: 2026-02-19; Form 4 filed: 2026-02-23 (timely — within two business days).
• Transaction type/code: Award/Grant (A) — direct acquisition of shares, not an open-market purchase or sale.
• Shares awarded: 1,725.574; price reported: $0.00; reported cash value in filing: $0.
• Shares owned / balance: filing notes the balance includes 298.573 shares acquired via exempt dividend reinvestment transactions (the filing excerpt provided does not state total shares beneficially owned after the award).
• No indication in the provided data of a 10b5-1 plan, sale, gift, or tax-withholding event related to this transaction.

Context
Awards and grants are commonly part of executive/director compensation (e.g., restricted stock or similar) and represent company-paid equity rather than an insider purchase. Such awards are routine and do not necessarily reflect a personal cash investment; retail investors typically view outright purchases as a stronger signal of personal conviction. The dividend reinvestment note indicates some previous shares were obtained via a DRIP, which is separate from this grant.