Form 4: Southwest Gas Holdings Executive Reports Stock Disposals to Cover Tax Obligations

Justin L. Brown, President of Southwest Gas Corp., reports disposing of shares to cover tax obligations related to settled Performance Stock Units.

Summary

• On March 4, 2025, Justin L. Brown disposed of 1,555.408 shares of Southwest Gas Holdings, Inc. common stock at a price of $70.71 per share to cover tax obligations.
• Following this transaction, Mr. Brown directly owns 39,416.1978 shares of common stock.
• On March 5, 2025, Mr. Brown disposed of 3,211.478 shares of Southwest Gas Holdings, Inc. common stock at a price of $76.89 per share to cover tax obligations.
• Following this transaction, Mr. Brown directly owns 36,204.7198 shares of common stock.
• Mr. Brown also indirectly owns 3,481.926 shares through a 401(k) plan.

Sentiment

Score: 5

Explanation: This is a neutral disclosure of stock transactions for tax purposes, with no inherent positive or negative implications for the company's performance.

Industry Context

This filing is a routine disclosure of stock transactions by a company executive and is a normal part of corporate governance and regulatory compliance.

Stakeholder Impact

• The stock disposal may have a minor impact on shareholders due to the increased supply of shares, but it is unlikely to be significant given the relatively small number of shares involved.

Key Dates