Form 4: Southwest Gas Holdings SVP/CFO Robert Stefani Reports Stock Sales
SEC Form 4
Robert Stefani, SVP/CFO of Southwest Gas Holdings, reported the sale of company stock in two transactions on August 26 and 27, 2024.
Summary
- Robert J Stefani, SVP/Chief Financial Officer of Southwest Gas Holdings, Inc., filed a Form 4 detailing changes in beneficial ownership.
- On March 1, 2024, Stefani acquired 61.441 shares of Common Stock at $69.61 per share.
- On June 3, 2024, Stefani acquired 266.384 shares of Common Stock at $76.16 per share.
- On August 26, 2024, Stefani sold 767 shares at a weighted average price of $73.1364.
- On August 27, 2024, Stefani sold 10,233 shares at a weighted average price of $72.5638.
- Following these transactions, Stefani directly owns 33,205.317 shares of Southwest Gas Holdings, Inc.
Sentiment
Score: 5
Explanation: The sentiment is neutral as it's a report of stock sales by an executive, which could be for various personal financial reasons and doesn't necessarily reflect a negative outlook on the company.
Industry Context
Form 4 filings are a routine part of corporate governance, providing transparency into the transactions of company insiders. Investors often monitor these filings to gauge management's sentiment about the company's prospects.
Stakeholder Impact
- Shareholders may interpret the stock sales as a lack of confidence in the company's future performance, potentially leading to a slight decrease in stock price.
Key Dates
| Date | Description |
|---|---|
| 03/01/2024 | Acquisition of 61.441 shares of Common Stock at $69.61 per share. |
| 06/03/2024 | Acquisition of 266.384 shares of Common Stock at $76.16 per share. |
| 08/26/2024 | Sale of 767 shares at a weighted average price of $73.1364. |
| 08/27/2024 | Sale of 10,233 shares at a weighted average price of $72.5638. |
| 08/28/2024 | Date of signature by Catherine M. Mazzeo, POA. |
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