Haller Karen S 4

What Happened

• Karen S. Haller, President and CEO of Southwest Gas Holdings (SWX), received equity awards on February 19, 2026 totaling 50,060.309 units. The award breaks down to 16,755.921 restricted stock units (RSUs) and 33,304.388 performance stock units (PSUs). Each unit was recorded at $0.00 per share for grant purposes (this reflects an award, not a cash purchase).

Key Details

• Transaction date: 2026-02-19; Filing date: 2026-02-23 (filed within the Form 4 reporting window).
• Award amounts: 16,755.921 RSUs (F1) and 33,304.388 PSUs (F2); total = 50,060.309 units.
• Grant price: $0.00 per unit (typical for stock-unit awards).
• Shares owned after transaction: not specified in the provided filing.
• Footnotes:
  • F1: Each RSU converts to one share upon vesting; RSUs vest in three annual installments (40% / 30% / 30%), subject to continued service.
  • F2: PSUs are performance-based and are settled/delivered after three years if performance goals are met.

Context

• This was an equity award (code A), not a market purchase or sale. RSUs provide a contingent right to receive shares over time, while PSUs depend on future performance metrics; neither represents an immediate cash outlay or sale. Such grants are common for executive compensation and do not, by themselves, indicate buying or selling sentiment.