Lewis-Raymond Jane 4

What Happened
Jane Lewis-Raymond, a director of Southwest Gas Holdings, acquired 1,725.574 shares on February 19, 2026 as an award/grant (transaction code A). The reported acquisition price was $0.00 per share (total reported cash value $0), indicating these shares were issued as an equity award rather than an open-market purchase.

Key Details

• Transaction date: 2026-02-19; Form 4 filed: 2026-02-23 (filed within the two-business-day Form 4 deadline).
• Transaction type: A = Award/Grant. Shares acquired: 1,725.574 at $0.00 per share (total $0).
• Amount owned following the transaction: the filing excerpt provided does not state a full post-transaction total; footnote F1 notes the balance includes 497.053 shares acquired through exempt dividend reinvestment.
• Ownership note: Shares are held by a family trust in which Ms. Lewis-Raymond is a trustee (F2).
• No sale, 10b5-1 plan, or tax-withholding (F) action is indicated in the provided details.

Context
“A” (award/grant) transactions typically reflect equity compensation (e.g., restricted stock or RSU settlements) rather than open-market buying or selling. Because these shares were issued at $0, no cash changed hands; such awards are common for directors and do not by themselves indicate a buy/sell signal. Investors should consider this alongside other insider filings and the company’s fundamentals.