Southwest Gas Holdings enters severance agreement with former CEO John P. Hester – $2.46M lump sum

Southwest Gas Holdings, Inc.

Former CEO John P. Hester retired May 5, 2022; severance agreement effective June 11, 2022.
Lump sum payment of $2,458,714 covering 13 months base salary, 2022 target incentive, and COBRA.
All outstanding equity awards settled per award agreements; up to $15,000 legal fee reimbursement.
Hester to provide litigation assistance up to 50 hours/year for 3 years at $525/hour (excl. court testimony).

item 5.02

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Departed

John P. Hester

President and Chief Executive Officer

SWX · Southwest Gas Holdings, Inc.

Effective: 2022-05-05
Filed: June 9, 2022, 7:59 PM ET

John P. Hester, Southwest’s former President and Chief Executive Officer, who had previously retired from his positions with Southwest on May 5, 2022

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Executive change SEC 8-K Item 5.02 confidence 0.95

John P. Hester retired as President and Chief Executive Officer at Southwest Gas Holdings, Inc..

Action: retired
Role: President and Chief Executive Officer

Exact text from the filing

John P. Hester, Southwest’s former President and Chief Executive Officer, who had previously retired from his positions with Southwest on May 5, 2022

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Southwest Gas Holdings, Inc. filing history →

Source: SEC EDGAR

accession 0001193125-22-171121

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