Form 4: SWX CFO Reports Routine Tax-Related Stock Withholding

Southwest Gas Holdings' CFO, Justin S. Forsberg, reported a routine disposition of shares to cover tax obligations related to settled performance stock units.

Summary

• Justin S. Forsberg, SVP/Chief Financial Officer of Southwest Gas Holdings, Inc. (SWX), reported a transaction on February 27, 2026.
• The transaction involved the disposition of 519.918 shares of Common Stock at a price of $80.02 per share.
• These shares were withheld to cover tax obligations arising from settled Performance Stock Units (PSUs) that were delivered due to the satisfaction of performance goals, as previously reported on February 23, 2026.
• Following this transaction, Mr. Forsberg beneficially owns 6,861.731 shares of Common Stock directly.

Sentiment

Score: 5

Explanation: StockSavvy.ai views this as a neutral event, representing a routine administrative transaction for tax withholding on vested equity compensation, with no direct positive or negative implications for the company's operational or financial performance.

Industry Context

StockSavvy.ai notes that tax-related share withholdings are a common and routine administrative event for executives receiving equity compensation across all industries, particularly following the vesting of performance-based awards.

Key Dates

Keywords

Southwest Gas Holdings, SWX, Justin S. Forsberg, CFO, Form 4, Insider Transaction, Stock Withholding, Performance Stock Units, Equity Compensation, Tax Obligation