Southwest Gas Holdings Management

Management criteria checks 1/4

Southwest Gas Holdings' CEO is Karen Haller, appointed in May 2022, has a tenure of 1.92 years. total yearly compensation is $7.13M, comprised of 12.3% salary and 87.7% bonuses, including company stock and options. directly owns 0.11% of the company’s shares, worth €5.58M. The average tenure of the management team and the board of directors is 1.9 years and 2.3 years respectively.

Key information

Karen Haller

Chief executive officer

US$7.1m

Total compensation

CEO salary percentage	12.3%
CEO tenure	1.9yrs
CEO ownership	0.1%
Management average tenure	1.9yrs
Board average tenure	2.3yrs

Recent management updates

Recent updates

CEO Compensation Analysis

How has Karen Haller's remuneration changed compared to Southwest Gas Holdings's earnings?
Date	Total Compensation	Salary	Company Earnings
Dec 31 2023	US$7m	US$875k	US$151m
Sep 30 2023	n/a	n/a	-US$203m
Jun 30 2023	n/a	n/a	-US$218m
Mar 31 2023	n/a	n/a	-US$254m
Dec 31 2022	US$4m	US$745k	-US$203m
Sep 30 2022	n/a	n/a	US$147m
Jun 30 2022	n/a	n/a	US$148m
Mar 31 2022	n/a	n/a	US$180m
Dec 31 2021	US$2m	US$494k	US$201m
Sep 30 2021	n/a	n/a	US$234m
Jun 30 2021	n/a	n/a	US$264m
Mar 31 2021	n/a	n/a	US$277m
Dec 31 2020	US$3m	US$465k	US$232m
Sep 30 2020	n/a	n/a	US$220m
Jun 30 2020	n/a	n/a	US$208m
Mar 31 2020	n/a	n/a	US$192m
Dec 31 2019	US$2m	US$437k	US$214m
Sep 30 2019	n/a	n/a	US$192m
Jun 30 2019	n/a	n/a	US$199m
Mar 31 2019	n/a	n/a	US$198m
Dec 31 2018	US$1m	US$403k	US$182m
Sep 30 2018	n/a	n/a	US$209m
Jun 30 2018	n/a	n/a	US$207m
Mar 31 2018	n/a	n/a	US$204m
Dec 31 2017	US$2m	US$366k	US$194m

Compensation vs Market: Karen's total compensation ($USD7.13M) is above average for companies of similar size in the German market ($USD3.42M).

Compensation vs Earnings: Karen's compensation has been consistent with company performance over the past year.

CEO

Karen Haller (59 yo)

1.9yrs

Tenure

US$7,129,341

Compensation

Ms. Karen S. Haller serves as Chair of the Board at Centuri Holdings, Inc. She is President and Chief Executive Officer at Southwest Gas Holdings, Inc. since May 06, 2022 and serves as its Director since M...

Leadership Team

Name	Position	Tenure	Compensation	Ownership
Karen Haller	President	1.9yrs	US$7.13m	0.11% $ 5.6m
Robert Stefani	Senior VP & CFO	1.4yrs	US$2.28m	0.011% $ 569.0k
Justin Brown	President of Southwest Gas Corporation	1.9yrs	US$2.62m	0.024% $ 1.2m
Randall Gabe	Senior VP & Chief Administrative Officer of Southwest Gas Holdings	5.3yrs	US$1.58m	0.016% $ 820.1k
Lori Colvin	VP, Chief Accounting Officer & Controller	6yrs	no data	0.0050% $ 248.6k
Justin Forsberg	Vice President of Investor Relations & Treasurer	less than a year	no data	no data
Thomas Moran	VP, General Counsel & Corporate Secretary	5.3yrs	no data	0.0017% $ 86.4k
William Fehrman	President & CEO of Centuri Group	less than a year	no data	no data

1.9yrs

Average Tenure

55yo

Average Age

Experienced Management: SZR's management team is not considered experienced ( 1.9 years average tenure), which suggests a new team.

Board Members

Name	Position	Tenure	Compensation	Ownership
Karen Haller	President	1.9yrs	US$7.13m	0.11% $ 5.6m
A. Thoman	Independent Director	13.8yrs	US$320.83k	0.056% $ 2.8m
Andrew Evans	Independent Director	2.3yrs	US$285.28k	0.0083% $ 415.8k
Anne Mariucci	Independent Director	17.8yrs	US$392.84k	0.062% $ 3.1m
E. Conley	Independent Chair of the Board	2.3yrs	US$349.28k	0.010% $ 514.8k
Henry Linginfelter	Independent Director	2.3yrs	US$285.28k	0.0083% $ 415.8k
Leslie Thornton	Independent Director	5.3yrs	US$279.22k	0.018% $ 903.0k
Jane Lewis-Raymond	Independent Director	5.3yrs	US$351.31k	0.020% $ 1.0m
Carlos Ruisanchez	Independent Director	2.3yrs	US$350.23k	0.0092% $ 461.0k
Andrew Teno	Independent Director	2.3yrs	US$285.28k	0.0081% $ 408.8k
Ruby Sharma	Independent Director	1.7yrs	US$247.63k	0.0075% $ 377.2k

2.3yrs

Average Tenure

59yo

Average Age

Experienced Board: SZR's board of directors are not considered experienced ( 2.3 years average tenure), which suggests a new board.

Southwest Gas Holdings Management

Management criteria checks 1/4

Key information

Recent management updates

Southwest Gas Holdings, Inc., Annual General Meeting, May 02, 2024

High number of new directors

Southwest Gas Holdings, Inc. Announces Executive Changes, Effective November 30, 2022

Southwest Gas Holdings, Inc. Announces Changes to Its Board

Independent Director recently sold €116k worth of stock

Insider recently sold €336k worth of stock

Recent updates

Southwest Gas Holdings, Inc. to Report Q1, 2024 Results on May 08, 2024

New minor risk - Shareholder dilution

Southwest Gas Holdings, Inc., Annual General Meeting, May 02, 2024

Southwest Gas Holdings, Inc. Provides Earnings Guidance for the Year 2024

Full year 2023 earnings released: EPS: US$2.13 (vs US$3.10 loss in FY 2022)

Dividend of US$0.62 announced

Southwest Gas Holdings, Inc. Declares Second Quarter 2024 Dividend, Payable on June 3, 2024

Southwest Gas Holdings, Inc. to Report Q4, 2023 Results on Feb 28, 2024

Upcoming dividend of US$0.62 per share at 4.3% yield

Southwest Gas Holdings, Inc. Declares First Quarter Cash Dividend, Payable on March 1, 2024

Third quarter 2023 earnings released: EPS: US$0.045 (vs US$0.18 loss in 3Q 2022)

Southwest Gas Holdings, Inc. Provides Earnings Guidance for the Year 2023

Upcoming dividend of US$0.62 per share at 4.1% yield

Southwest Gas Holdings, Inc. to Report Q3, 2023 Results on Nov 08, 2023

Southwest Gas Holdings, Inc. Declares Fourth Quarter 2023 Dividend, Payable on December 1, 2023

Southwest Gas Holdings, Inc. Provides Earnings Guidance for 2023

Second quarter 2023 earnings released: EPS: US$0.40 (vs US$0.098 loss in 2Q 2022)

Upcoming dividend of US$0.62 per share at 3.9% yield

Southwest Gas Holdings, Inc. to Report Q2, 2023 Results on Aug 09, 2023

Southwest Gas Holdings, Inc. Reaffirms Earnings Guidance for 2023

First quarter 2023 earnings released: EPS: US$0.67 (vs US$1.58 in 1Q 2022)

Upcoming dividend of US$0.62 per share at 4.4% yield

Southwest Gas Holdings, Inc. to Report Q1, 2023 Results on May 09, 2023

High number of new directors

Full year 2022 earnings released: US$3.10 loss per share (vs US$3.40 profit in FY 2021)

Williams Partners Operating LLC completed the acquisition of MountainWest Pipeline, LLC from Southwest Gas Holdings, Inc. (NYSE:SWX).

Upcoming dividend of US$0.62 per share at 3.7% yield

Williams Partners Operating LLC entered into a purchase and sale agreement to acquire MountainWest Pipeline, LLC from Southwest Gas Holdings, Inc. (NYSE:SWX) for $1.5 billion.

Southwest Gas Holdings, Inc. Declares the First Quarter Cash Dividend, Payable on March 1, 2023

Third quarter 2022 earnings released: US$0.18 loss per share (vs US$0.19 loss in 3Q 2021)

Southwest Gas Holdings, Inc. Announces Executive Changes, Effective November 30, 2022

Upcoming dividend of US$0.62 per share

Southwest Gas Holdings, Inc. to Report Q3, 2022 Results on Nov 09, 2022

Southwest Gas Holdings, Inc. Declares the Fourth Quarter Cash Dividend, Payable on December 1, 2022

Second quarter 2022 earnings released: US$0.098 loss per share (vs US$0.43 profit in 2Q 2021)

Southwest Gas Holdings, Inc. Announces Changes to Its Board

Upcoming dividend of US$0.62 per share

Southwest Gas Holdings, Inc. to Report Q2, 2022 Results on Aug 09, 2022

Independent Director recently sold €116k worth of stock

Insider recently sold €336k worth of stock

Southwest Gas Holdings, Inc. Announces Retirement of Gregory J. Peterson as Senior Vice President

Southwest Gas Holdings, Inc. Announces CEO Changes

Southwest Gas Holdings, Inc. to Report Q1, 2022 Results on May 09, 2022

Southwest Gas Holdings Declares Dividend for the Third Quarter of 2022, Payable on September 1, 2022

Carl C. Icahn Issues an Open Letter to Shareholders of Southwest Gas

Icahn Capital Issues a Letter to Shareholders of Southwest Gas Holdings

Carl C. Icahn Issues an Open Letter to Shareholders of Southwest Gas

Delaware Court of Chancery Grants Summary Judgment in Favor of the Southwest Gas Holdings, Inc. Against Icahn Partners LP and Icahn Partners Master Fund LP

Icahn Enterprises LP Issues a Presentation to Shareholders of Southwest Gas Holdings, Inc

Southwest Gas Holdings, Inc. has completed a Follow-on Equity Offering in the amount of $407 million.

Icahn Enterprises L.P. (NasdaqGS:IEP) cancelled the acquisition of 95.1% stake in Southwest Gas Holdings, Inc. (NYSE:SWX).

Carl C. Icahn Issues an Open Letter to Shareholders of Southwest Gas Holdings

Full year 2021 earnings: EPS in line with analyst expectations despite revenue beat

Carl C. Icahn Issues Open Letter to Shareholders of Southwest Gas Holdings Inc

Southwest Gas Holdings, Inc. Declares Second Quarter 2022 Dividend, Payable on June 1, 2022

Icahn Enterprises Provides Information to Shareholders of Southwest Gas

Upcoming dividend of US$0.59 per share

Icahn Enterprises Announces Extension and Amendment of Southwest Gas Tender Offer

Southwest Gas Holdings, Inc. (NYSE:SWX) completed the acquisition of Dominion Energy Questar Pipeline Services, Inc., Dominion Energy Questar Pipeline, LLC and QPC Holding Company, LLC from Dominion Energy Questar Corporation.

Third quarter 2021 earnings released: US$0.19 loss per share (vs US$0.33 profit in 3Q 2020)

Upcoming dividend of US$0.59 per share

Second quarter 2021 earnings released: EPS US$0.43 (vs US$0.69 in 2Q 2020)

Southwest Gas Holdings, Inc. Provides Earnings Guidance for the Year 2021

Upcoming dividend of US$0.59 per share

Southwest Gas Holdings, Inc.(NYSE:SWX) dropped from Russell 3000 Growth Index

Insider recently sold €165k worth of stock

First quarter 2021 earnings released: EPS US$2.04 (vs US$1.31 in 1Q 2020)

Southwest Gas Holdings, Inc. Raises Earnings Guidance for the Full Year 2021

Upcoming dividend of US$0.59 per share