During his tenure, John P. Hester built a notable portfolio of stock in Southwest Gas Holdings, highlighted by a spike in vested stock. In 2020, he saw 28,743 shares of Common Stock vest, valued at approximately $1.96 million at that...

During his tenure, John P. Hester built a notable portfolio of stock in Southwest Gas Holdings, highlighted by a spike in vested stock. In 2020, he saw 28,743 shares of Common Stock vest, valued at approximately $1.96 million at that time, showcasing the substantial growth and value of his holdings. After his retirement in 2022, his holdings were settled according to company policies, reflecting a substantial exit value as well. Over the years, especially in 2023, Hester was reported to have vested stock worth about $708K. This considerable fluctuation in his stock value demonstrates the importance of stock performance in CEO compensation packages. Hester effectively turned a long-term position in the company into a lucrative stake that spiked significantly during his leadership period.