Form 4: SWX CFO Sells Shares for Tax Obligations

Southwest Gas Holdings CFO Justin S Forsberg disposed of 407.881 shares of common stock at $80.15 per share to cover tax withholding obligations.

Summary

• Justin S Forsberg, SVP/Chief Financial Officer of Southwest Gas Holdings, Inc. (SWX), reported a transaction involving company common stock.
• On January 8, 2026, Mr. Forsberg disposed of 407.881 shares of common stock.
• The shares were disposed of at a price of $80.15 per share.
• This transaction was coded 'F', indicating a disposition to the issuer to satisfy tax withholding obligations.
• Following this transaction, Mr. Forsberg beneficially owns 2,297.906 shares of common stock directly.
• The transaction was made pursuant to a Rule 10b5-1 plan, which allows insiders to set up a predetermined plan for buying or selling securities to avoid accusations of insider trading.

Sentiment

Score: 5

Explanation: The filing reports a routine insider transaction for tax withholding purposes, which is a neutral event and does not indicate positive or negative sentiment regarding the company's performance or outlook.

Industry Context

This is a routine insider transaction filing (Form 4) for a utility company executive. Such filings are common across all industries when executives exercise equity awards and sell shares to cover tax obligations, often pre-arranged under a Rule 10b5-1 plan.

Corporate Governance

Stakeholder Impact

• Shareholders: Minimal impact as this is a routine, tax-related disposition of shares by an executive, not indicative of a change in confidence or strategic direction.

Key Dates

Keywords

Southwest Gas Holdings, SWX, Justin S Forsberg, CFO, Insider Trading, Form 4, Stock Sale, Tax Withholding, Rule 10b5-1