Form 4: SWX Officer Sells Shares for Tax Obligations

Southwest Gas Holdings SVP Catherine Mazzeo disposed of 737.424 shares of common stock at $80.15 per share to cover tax liabilities.

Summary

• Catherine M. Mazzeo, SVP/Chief Legal/Comp. Officer of Southwest Gas Holdings, Inc. (SWX), reported a transaction.
• On January 8, 2026, Mazzeo disposed of 737.424 shares of common stock.
• The shares were disposed of at a price of $80.15 per share.
• This transaction was coded as 'F', indicating payment of exercise price or tax liability by delivering or withholding securities.
• Following the transaction, Mazzeo directly beneficially owns 10,496.228 shares of common stock.
• An additional 745.839 shares are indirectly beneficially owned through a 401(k) plan.
• The direct balance includes 348.695 shares acquired through exempt dividend reinvestment transactions.
• The indirect balance includes 23.484 shares acquired through exempt dividend reinvestment transactions.

Sentiment

Score: 5

Explanation: A neutral score as this is a routine, non-discretionary insider transaction (disposition for tax liability) and does not indicate a change in management's outlook or company fundamentals.

Future Outlook

NA

Industry Context

This is a routine insider transaction for tax purposes and does not directly reflect broader industry trends or competitive positioning within the utilities sector. Such transactions are common for executives managing equity compensation.

Stakeholder Impact

• Shareholders may note the insider transaction, but given its nature as a tax-related disposition, it is unlikely to signal a change in company prospects or management confidence. The overall beneficial ownership remains substantial.

Key Dates

Keywords

Southwest Gas Holdings, SWX, Catherine M. Mazzeo, Insider Transaction, Form 4, Stock Sale, Officer Transaction, Tax Liability, Common Stock