Mazzeo Catherine M 4

What Happened Catherine M. Mazzeo, Senior Vice President and Chief Legal & Compensation Officer of Southwest Gas Holdings (SWX), was granted stock awards on 2026-02-19. The filing reports two acquisitions: 3,964.655 restricted stock units (RSUs) and 2,233.006 performance stock units (PSUs). Both awards are reported at $0.00 purchase price (typical for equity grants); no cash changed hands in the filing.

Key Details

• Transaction date: 2026-02-19; Form 4 filed 2026-02-23 (filed timely).
• Awards and amounts: 3,964.655 RSUs and 2,233.006 PSUs (6,197.661 units total).
• Price reported: $0.00 per unit (award/grant).
• Shares owned after transaction: Not disclosed in this filing.
• Footnotes:
  • F1: Each RSU represents a contingent right to one share; RSUs vest in three annual installments (40%, 30%, 30%) subject to continued service.
  • F2: The PSUs were settled/delivered as a result of satisfaction of performance goals and are delivered three years after the original grant date.
• No sale or purchase of stock on the open market—these are compensation awards (transaction code A).

Context Equity awards (RSUs and PSUs) are common executive compensation and do not by themselves indicate an insider buying or selling stock for market sentiment. RSUs vest over time as a retention incentive; PSUs are tied to multi-year performance targets and are only delivered when goals are met. This filing reports grants/settlements rather than an immediate cash transaction or open-market trade.