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STOCK TITAN

[8-K] Southwest Gas Holdings, Inc. Reports Material Event

Filing Impact
(Neutral)
Filing Sentiment
(Neutral)
Form Type
8-K
Rhea-AI Filing Summary

Sezzle Inc. (SEZL) � Form 4 insider transaction

Chief Financial Officer Karen Hartje sold an aggregate 5,484 shares of Sezzle common stock on 7 July 2025 under a pre-arranged Rule 10b5-1 trading plan adopted 20 Sep 2024. Sales were executed in five tranches at weighted-average prices ranging from $166.86 to $179.00 per share. Following the transactions, Hartje directly owns 126,846 shares, down roughly 4 % from the prior 132,330 shares.

The filing reports only non-derivative sales; no option exercises or other derivative activity occurred. Because the plan was disclosed and Hartje retains a sizeable equity stake, the move appears to be routine portfolio diversification rather than a strategic shift, but it nevertheless represents modest insider selling pressure.

Sezzle Inc. (SEZL) � Transazione insider Form 4

La Chief Financial Officer Karen Hartje ha venduto un totale di 5.484 azioni ordinarie di Sezzle il 7 luglio 2025 nell'ambito di un piano di trading Rule 10b5-1 predefinito adottato il 20 settembre 2024. Le vendite sono state eseguite in cinque tranche a prezzi medi ponderati compresi tra $166,86 e $179,00 per azione. Dopo le operazioni, Hartje detiene direttamente 126.846 azioni, circa il 4% in meno rispetto alle 132.330 precedenti.

Il deposito segnala solo vendite non derivate; non sono state effettuate esercitazioni di opzioni né altre attività derivate. Poiché il piano è stato reso pubblico e Hartje mantiene una consistente partecipazione azionaria, l'operazione sembra una normale diversificazione del portafoglio piuttosto che una modifica strategica, ma rappresenta comunque una modesta pressione di vendita interna.

Sezzle Inc. (SEZL) � Transacción insider Formulario 4

La Directora Financiera Karen Hartje vendió un total de 5,484 acciones ordinarias de Sezzle el 7 de julio de 2025 bajo un plan de negociación Rule 10b5-1 preestablecido adoptado el 20 de septiembre de 2024. Las ventas se realizaron en cinco tramos con precios promedio ponderados que oscilaron entre $166.86 y $179.00 por acción. Tras las transacciones, Hartje posee directamente 126,846 acciones, aproximadamente un 4 % menos que las 132,330 anteriores.

El informe solo registra ventas no derivadas; no hubo ejercicios de opciones ni otra actividad derivada. Dado que el plan fue divulgado y Hartje mantiene una participación accionaria considerable, el movimiento parece una diversificación rutinaria de cartera más que un cambio estratégico, aunque representa una presión moderada de venta interna.

Sezzle Inc. (SEZL) � Form 4 내부� 거래

최고재무책임�(CFO) Karen Hartje� 2025� 7� 7일에 2024� 9� 20� 채택� 사전 설정� Rule 10b5-1 거래 계획� 따라 � 5,484�� Sezzle 보통주를 매도했습니다. 매도� 다섯 차례� 걸쳐 주당 $166.86에서 $179.00 사이� 가� 평균 가격으� 이루어졌습니�. 거래 이후 Hartje� 직접 126,846�� 보유하고 있으�, 이전� 132,330주에� � 4% 감소� 수치입니�.

신고서에� 비파� 매도� 보고되었으며, 옵션 행사� 기타 파생상품 거래� 없었습니�. 계획� 공개되었� Hartje가 상당� 지분을 보유하고 있으므� 이번 거래� 전략� 변화보다는 일상적인 포트폴리� 다각화로 보이지�, 내부� 매도 압력� 다소 존재함을 의미합니�.

Sezzle Inc. (SEZL) � Transaction d’initié Formulaire 4

La directrice financière Karen Hartje a vendu un total de 5 484 actions ordinaires de Sezzle le 7 juillet 2025, dans le cadre d’un plan de négociation Rule 10b5-1 préétabli adopté le 20 septembre 2024. Les ventes ont été réalisées en cinq tranches à des prix moyens pondérés allant de 166,86 $ à 179,00 $ par action. Après ces transactions, Hartje détient directement 126 846 actions, soit une baisse d’environ 4 % par rapport aux 132 330 actions précédentes.

Le dépôt ne rapporte que des ventes non dérivées ; aucune exécution d’option ni autre activité dérivée n’a eu lieu. Étant donné que le plan a été divulgué et que Hartje conserve une participation importante, ce mouvement semble relever d’une diversification de portefeuille de routine plutôt que d’un changement stratégique, mais il représente néanmoins une pression modérée de vente d’initiés.

Sezzle Inc. (SEZL) � Insider-Transaktion Form 4

Finanzvorstand Karen Hartje verkaufte am 7. Juli 2025 insgesamt 5.484 Aktien von Sezzle-Stammaktien im Rahmen eines vorab festgelegten Rule 10b5-1 Handelsplans, der am 20. September 2024 angenommen wurde. Die Verkäufe erfolgten in fünf Tranchen zu gewichteten Durchschnittspreisen zwischen 166,86 $ und 179,00 $ pro Aktie. Nach den Transaktionen hält Hartje direkt 126.846 Aktien, was einem Rückgang von etwa 4 % gegenüber den vorherigen 132.330 Aktien entspricht.

Die Meldung umfasst nur nicht-derivative Verkäufe; es gab keine Ausübung von Optionen oder andere derivative Aktivitäten. Da der Plan offengelegt wurde und Hartje einen erheblichen Aktienanteil behält, scheint die Maßnahme eine routinemäßige Portfolio-Diversifikation und keine strategische Änderung zu sein, stellt jedoch dennoch einen moderaten Verkaufsdruck von Insidern dar.

Positive
  • Rule 10b5-1 trading plan indicates the sale was pre-scheduled, reducing concerns about opportunistic trading.
  • CFO retains 126,846 shares, maintaining strong ownership alignment.
Negative
  • 5,484-share sale by the CFO may be interpreted as reduced confidence or profit-taking, adding minor negative sentiment.
  • Insider selling at $166-$179 levels introduces modest supply, potentially pressuring the share price in the short term.

Insights

TL;DR: CFO sold 5.5k shares (�4 % stake) via 10b5-1; modest, neutral-to-slightly negative signal.

The transaction totals 5,484 shares worth roughly US$0.9 million at prices near all-time highs for SEZL. Because the sale was executed under a pre-scheduled Rule 10b5-1 plan and the CFO continues to hold ~127 k shares, I view the move as routine liquidity rather than a bearish call on fundamentals. Insider selling, however, can cap short-term upside as supply increases and may concern momentum investors looking for insider alignment. Overall impact on valuation or guidance is negligible; I classify the disclosure as non-impactful and primarily a sentiment datapoint.

TL;DR: Properly disclosed, plan-based sale aligns with governance best practices—neutral governance impact.

The use of a Rule 10b5-1 plan, adopted well in advance, provides safe-harbor protection and transparency, mitigating potential insider-trading concerns. The company’s Section 16 reporting is timely (two business days). Retention of >120 k shares preserves meaningful skin-in-the-game. From a governance standpoint, the transaction adheres to best-practice disclosure and does not raise red flags. Investor focus should remain on operational performance rather than this administrative filing.

Sezzle Inc. (SEZL) � Transazione insider Form 4

La Chief Financial Officer Karen Hartje ha venduto un totale di 5.484 azioni ordinarie di Sezzle il 7 luglio 2025 nell'ambito di un piano di trading Rule 10b5-1 predefinito adottato il 20 settembre 2024. Le vendite sono state eseguite in cinque tranche a prezzi medi ponderati compresi tra $166,86 e $179,00 per azione. Dopo le operazioni, Hartje detiene direttamente 126.846 azioni, circa il 4% in meno rispetto alle 132.330 precedenti.

Il deposito segnala solo vendite non derivate; non sono state effettuate esercitazioni di opzioni né altre attività derivate. Poiché il piano è stato reso pubblico e Hartje mantiene una consistente partecipazione azionaria, l'operazione sembra una normale diversificazione del portafoglio piuttosto che una modifica strategica, ma rappresenta comunque una modesta pressione di vendita interna.

Sezzle Inc. (SEZL) � Transacción insider Formulario 4

La Directora Financiera Karen Hartje vendió un total de 5,484 acciones ordinarias de Sezzle el 7 de julio de 2025 bajo un plan de negociación Rule 10b5-1 preestablecido adoptado el 20 de septiembre de 2024. Las ventas se realizaron en cinco tramos con precios promedio ponderados que oscilaron entre $166.86 y $179.00 por acción. Tras las transacciones, Hartje posee directamente 126,846 acciones, aproximadamente un 4 % menos que las 132,330 anteriores.

El informe solo registra ventas no derivadas; no hubo ejercicios de opciones ni otra actividad derivada. Dado que el plan fue divulgado y Hartje mantiene una participación accionaria considerable, el movimiento parece una diversificación rutinaria de cartera más que un cambio estratégico, aunque representa una presión moderada de venta interna.

Sezzle Inc. (SEZL) � Form 4 내부� 거래

최고재무책임�(CFO) Karen Hartje� 2025� 7� 7일에 2024� 9� 20� 채택� 사전 설정� Rule 10b5-1 거래 계획� 따라 � 5,484�� Sezzle 보통주를 매도했습니다. 매도� 다섯 차례� 걸쳐 주당 $166.86에서 $179.00 사이� 가� 평균 가격으� 이루어졌습니�. 거래 이후 Hartje� 직접 126,846�� 보유하고 있으�, 이전� 132,330주에� � 4% 감소� 수치입니�.

신고서에� 비파� 매도� 보고되었으며, 옵션 행사� 기타 파생상품 거래� 없었습니�. 계획� 공개되었� Hartje가 상당� 지분을 보유하고 있으므� 이번 거래� 전략� 변화보다는 일상적인 포트폴리� 다각화로 보이지�, 내부� 매도 압력� 다소 존재함을 의미합니�.

Sezzle Inc. (SEZL) � Transaction d’initié Formulaire 4

La directrice financière Karen Hartje a vendu un total de 5 484 actions ordinaires de Sezzle le 7 juillet 2025, dans le cadre d’un plan de négociation Rule 10b5-1 préétabli adopté le 20 septembre 2024. Les ventes ont été réalisées en cinq tranches à des prix moyens pondérés allant de 166,86 $ à 179,00 $ par action. Après ces transactions, Hartje détient directement 126 846 actions, soit une baisse d’environ 4 % par rapport aux 132 330 actions précédentes.

Le dépôt ne rapporte que des ventes non dérivées ; aucune exécution d’option ni autre activité dérivée n’a eu lieu. Étant donné que le plan a été divulgué et que Hartje conserve une participation importante, ce mouvement semble relever d’une diversification de portefeuille de routine plutôt que d’un changement stratégique, mais il représente néanmoins une pression modérée de vente d’initiés.

Sezzle Inc. (SEZL) � Insider-Transaktion Form 4

Finanzvorstand Karen Hartje verkaufte am 7. Juli 2025 insgesamt 5.484 Aktien von Sezzle-Stammaktien im Rahmen eines vorab festgelegten Rule 10b5-1 Handelsplans, der am 20. September 2024 angenommen wurde. Die Verkäufe erfolgten in fünf Tranchen zu gewichteten Durchschnittspreisen zwischen 166,86 $ und 179,00 $ pro Aktie. Nach den Transaktionen hält Hartje direkt 126.846 Aktien, was einem Rückgang von etwa 4 % gegenüber den vorherigen 132.330 Aktien entspricht.

Die Meldung umfasst nur nicht-derivative Verkäufe; es gab keine Ausübung von Optionen oder andere derivative Aktivitäten. Da der Plan offengelegt wurde und Hartje einen erheblichen Aktienanteil behält, scheint die Maßnahme eine routinemäßige Portfolio-Diversifikation und keine strategische Änderung zu sein, stellt jedoch dennoch einen moderaten Verkaufsdruck von Insidern dar.

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UNITED STATES
SECURITIES AND EXCHANGE COMMISSION
Washington, D.C. 20549

Form 8-K
CURRENT REPORT

Pursuant to Section 13 or 15(d) of the Securities Exchange Act of 1934

Date of Report (Date of earliest event reported) July 2, 2025
 Commission
 File Number
Exact name of registrant as specified in its charter and
principal office address and telephone number
State of
Incorporation
I.R.S.
Employer Identification No.
001-37976
Southwest Gas Holdings, Inc.
Delaware
81-3881866
8360 S. Durango Dr.
Las Vegas,
Nevada
89113
(702)
876-7237
001-7850
Southwest Gas Corporation
California
88-0085720
8360 S. Durango Dr.
Las Vegas,
Nevada
89113
(702)
876-7237

Check the appropriate box below if the Form 8-K filing is intended to simultaneously satisfy the filing obligation of the registrant under any of the following provisions:
Written communications pursuant to Rule 425 under the Securities Act (17 CFR 230.425)
Soliciting material pursuant to Rule 14a-12 under the Exchange Act (17 CFR 240.14a-12)
Pre-commencement communications pursuant to Rule 14d-2(b) under the Exchange Act (17 CFR 240.14d-2(b))
Pre-commencement communications pursuant to Rule 13e-4(c) under the Exchange Act (17 CFR 240.13e-4(c))


Securities registered pursuant to Section 12(b) of the Act:
Southwest Gas Holdings, Inc.:
Title of each classTrading SymbolName of each exchange on which registered
Southwest Gas Holdings, Inc. Common Stock, $1 Par ValueSWXNew York Stock Exchange
Southwest Gas Corporation:
None.

Indicate by check mark whether the registrant is an emerging growth company as defined in Rule 405 of the Securities Act of 1933 (§230.405 of this chapter) or Rule 12b-2 of the Securities Exchange Act of 1934 (§240.12b-2 of this chapter).     

Emerging growth company

If an emerging growth company, indicate by check mark if the registrant has elected not to use the extended transition period for complying with any new or revised financial accounting standards provided pursuant to Section 13(a) of the Exchange Act.



Item 5.02 Departure of Directors or Certain Officers; Election of Directors; Appointment of Certain Officers; Compensatory Arrangements of Certain Officers.

On July 2, 2025, Southwest Gas Holdings, Inc. and Southwest Gas Corporation (the "Companies") appointed Mr. Fabio A. Pineda as Vice President/Controller/Chief Accounting Officer for each of the Companies, effective July 17, 2025. Mr. Pineda, age 44, served as Assistant Controller of Sempra, an energy infrastructure company with one of the largest energy networks in North America, since July 2020. His responsibilities included overseeing Sempra's financial reporting, consolidation, pension and benefits, and corporate and technical accounting, as well as providing accounting oversight across Sempra's portfolio of operating companies. He also served as Director - Corporate Accounting Research & Policies at Sempra and led the department from April 2017 to July 2020. Mr. Pineda began his accounting career at Ernst & Young LLP in 2007 and remained there until 2017 when he moved to Sempra. Mr. Pineda is a Certified Public Accountant in the state of Texas and holds a dual Bachelor of Business Administration in Accounting and Finance with a concentration in Global Energy Management from the University of Houston, C.T. Bauer College of Business.

Mr. Pineda will receive an annual salary of $340,000. He will receive a cash signing bonus of $350,000, paid over two years in equal installments, with the first payment made within 30 days of his start date and the remaining payments made on the first and second anniversary dates of Mr. Pineda's employment. Mr. Pineda will also receive an award of time-based restricted stock units and performance stock units subject to vesting and forfeiture on terms substantially similar to awards made to other officers of the Companies. He will be eligible for annual cash incentive awards and long-term equity incentive awards, and will participate in other compensation and benefit programs at levels consistent with his position and scope of responsibilities. In connection with Mr. Pineda’s appointment, Mr. Pineda and the Companies will enter into Change in Control Agreements of the same form provided to the other officers of the Companies. Additionally, Mr. Pineda and the Companies will enter into the Companies' standard form of indemnification agreement used with other officers of the Companies.

No family relationships exist between Mr. Pineda and any of the Companies' directors or executive officers or any person nominated or chosen by the Companies to become a director or executive officer. There are no arrangements or understandings between Mr. Pineda and any other person pursuant to which Mr. Pineda was selected as an officer, nor are there any transactions to which the Companies are or were a participant and in which Mr. Pineda has or had a direct or indirect material interest subject to disclosure under Item 404(a) of Regulation S-K.

Mr. Pineda will assume the Controller role from Robert J. Stefani, who will transition out of the Controller role on July 17, 2025 and continue in his role as Senior Vice President/Chief Financial Officer for the Companies. Mr. Stefani's transition out of the Controller role is not the result of any disagreement with the Companies on any matter related to the Companies' operations, policies or procedures.






SIGNATURES


Pursuant to the requirements of the Securities Exchange Act of 1934, the registrant has duly caused this report to be signed on its behalf by the undersigned hereunto duly authorized.
                    
SOUTHWEST GAS HOLDINGS, INC.
July 9, 2025/s/ CATHERINE M. MAZZEO
Catherine M. Mazzeo
Senior Vice President/Chief Legal, Safety and Compliance Officer and Corporate Secretary

SOUTHWEST GAS CORPORATION
July 9, 2025/s/ CATHERINE M. MAZZEO
Catherine M. Mazzeo
Senior Vice President/Chief Legal, Safety and Compliance Officer and Corporate Secretary



FAQ

How many Sezzle (SEZL) shares did the CFO sell?

Karen Hartje sold 5,484 shares of common stock.

When were the insider sales executed?

All transactions occurred on July 7, 2025.

What price range were the SEZL shares sold at?

Weighted-average prices ranged from $166.86 to $179.00 per share.

Does the CFO still own Sezzle shares after the sale?

Yes. Hartje now directly holds 126,846 shares of SEZL common stock.

Was the sale part of a 10b5-1 trading plan?

Yes. The plan was adopted on September 20, 2024, providing pre-arranged trading instructions.

Are any derivative securities involved in this Form 4?

No. The filing lists no derivative transactions such as options or warrants.
Southwest Gas Ho

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