Fiscal year 2025 executive and director compensation, incentive-plan design, equity activity, and governance — every figure in this brief is traceable to its exact location in the company’s SEC filing — the document, the section, the page, and the table, linked directly.
Each company listed discloses LUV in its own benchmarking peer group, as disclosed in each company's most recent proxy statement within the last two proxy seasons. Two companies are therefore absent by design: one that named LUV in an earlier year and no longer does, and one whose own most recent disclosure is older than the last two seasons.
| Named executive officer | Salary | Bonus | Stock awards | Option awards | Non-equity incentive | Pension / NQDC | All other | Total |
|---|---|---|---|---|---|---|---|---|
| Robert Jordan | $844,792 | $0 | $13,075,072 | $0 | $2,031,160 | $0 | $636,858 | $16,587,882 |
| Chief Executive Officer & President | ||||||||
| Tom Doxey | 467,188 | 500,000 | 7,260,522 | 0 | 790,250 | 0 | 127,561 | 9,145,521 |
| Executive Vice President & Chief Financial Officer | ||||||||
| Andrew Watterson | 675,833 | 0 | 6,573,017 | 0 | 1,218,696 | 0 | 317,629 | 8,785,175 |
| Chief Operating Officer | ||||||||
| Justin Jones | 535,625 | 0 | 4,083,855 | 0 | 879,074 | 0 | 144,784 | 5,643,338 |
| Executive Vice President Operations | ||||||||
| Anthony Roach | 489,583 | 0 | 3,653,846 | 0 | 748,550 | 0 | 43,308 | 4,935,287 |
| Executive Vice President Chief Customer & Brand Officer | ||||||||
| Tammy Romo | 610,000 | 0 | 2,745,052 | 0 | 983,918 | 0 | 366,245 | 4,705,214 |
| Former Executive Vice President & Chief Financial Officer | ||||||||
A dash means the company reported no figure in that column; 0 means it reported zero. Figures are as printed in the filing, without adjustment.
| Named executive officer | FY2025 total | FY2024 total | FY2023 total | Δ FY2024→2025 |
|---|---|---|---|---|
| Robert Jordan | $16,587,882 | $10,562,384 | $9,307,298 | +6,025,498 |
| Tom Doxey | 9,145,521 | — | — | — |
| Andrew Watterson | 8,785,175 | 5,464,483 | 5,014,885 | +3,320,692 |
| Justin Jones | 5,643,338 | — | — | — |
| Anthony Roach | 4,935,287 | — | — | — |
| Tammy Romo | 4,705,214 | 4,563,199 | 5,629,568 | +142,015 |
Prior-year totals as disclosed in the corresponding proxy; deltas are computed values with the derivation shown in the register.
Every insider equity transaction reported on Form 4 after the 2025 proxy statement — acquisitions, dispositions, exercises, and withholdings — and therefore not reflected in any table in that document.
| Insider | Role | Transaction date | Code | Shares | Price | Value | Security | Source |
|---|---|---|---|---|---|---|---|---|
| Lisa M. Atherton | Director | 2026-04-07 | D | 118 | $38 | $4,478 | Common | Form 4 ↗ |
| Christopher P. Reynolds | Director | 2026-05-07 | A | 4,108 | 0 | 0 | Common | Form 4 ↗ |
| Robert L. Fornaro | Director | 2026-05-07 | A | 4,108 | 0 | 0 | Common | Form 4 ↗ |
| Lisa M. Atherton | Director | 2026-05-07 | A | 4,108 | 0 | 0 | Common | Form 4 ↗ |
| David P. Hess | Director | 2026-05-07 | A | 4,108 | 0 | 0 | Common | Form 4 ↗ |
| Pierre R. Breber | Director | 2026-05-07 | A | 4,108 | 0 | 0 | Common | Form 4 ↗ |
| David J. Grissen | Director | 2026-05-07 | A | 4,108 | 0 | 0 | Common | Form 4 ↗ |
| Patricia A. Watson | Director | 2026-05-07 | A | 4,108 | 0 | 0 | Common | Form 4 ↗ |
| Sarah E. Feinberg | Director | 2026-05-07 | A | 4,108 | 0 | 0 | Common | Form 4 ↗ |
Transaction codes per Form 4: A acquisition · S open-market sale · F tax withholding · M option exercise · G gift. Value = shares × price as reported. Dividend-equivalent and fractional-share accrual rows (derivative Class A, under $10,000 and under 2,000 shares) are aggregated per date; every row appears in full below.
| Executive | Award | Grant date | Threshold | Target | Granted | Maximum | Grant-date fair value |
|---|---|---|---|---|---|---|---|
| Andrew Watterson | PSU | 2025-03-14 | 6 | 100,000 | — | 200,000 | $3,173,000 |
| Tom Doxey | PSU | 2025-03-14 | 6 | 100,000 | — | 200,000 | 3,173,000 |
| Justin Jones | PSU | 2025-02-04 | 3,540 | 35,402 | — | 70,804 | 1,090,028 |
| Anthony Roach | PSU | 2025-03-14 | 1,660 | 16,609 | — | 33,218 | 527,004 |
| Robert Jordan | PSU | 2025-02-04 | 13,113 | 131,131 | — | 262,262 | 4,037,523 |
| Andrew Watterson | RSU | 2025-02-04 | — | — | 55,213 | — | 1,700,008 |
| Andrew Watterson | PSU | 2025-02-04 | 5,521 | 55,213 | — | 110,426 | 1,700,008 |
| Tom Doxey | RSU | 2025-03-14 | — | — | 88,048 | — | 2,793,763 |
| Anthony Roach | RSU | 2025-03-14 | — | — | 16,609 | — | 527,004 |
| Robert Jordan | RSU | 2025-02-04 | — | — | 131,131 | — | 4,037,523 |
| Robert Jordan | PSU | 2025-10-16 | 5 | 150,196 | — | 300,392 | 5,000,025 |
| Tammy Romo | PSU | 2025-02-04 | 4,457 | 44,577 | — | 89,154 | 1,372,526 |
| Justin Jones | PSU | 2025-03-14 | 6 | 60,000 | — | 120,000 | 1,903,800 |
| Tammy Romo | RSU | 2025-02-04 | — | — | 44,577 | — | 1,372,526 |
| Justin Jones | RSU | 2025-02-04 | — | — | 35,402 | — | 1,090,028 |
| Anthony Roach | PSU | 2025-02-04 | 1,130 | 11,303 | — | 22,606 | 348,019 |
| Anthony Roach | RSU | 2025-02-04 | — | — | 11,303 | — | 348,019 |
| Named executive officer | Time-vested (RSU) | Performance-vested (PSU) | Options / SARs | % performance-vested |
|---|---|---|---|---|
| Andrew Watterson | $1,700,008 | $4,873,008 | $0 | 74.1% |
| Tom Doxey | 2,793,763 | 3,173,000 | 0 | 53.2% |
| Justin Jones | 1,090,028 | 2,993,828 | 0 | 73.3% |
| Anthony Roach | 875,023 | 875,023 | 0 | 50.0% |
| Robert Jordan | 4,037,523 | 9,037,548 | 0 | 69.1% |
| Tammy Romo | 1,372,526 | 1,372,526 | 0 | 50.0% |
% performance-vested = PSU grant-date fair value ÷ (RSU + PSU + Options), a computed value with the derivation shown in the register.
| Executive | Award | Shares unvested | Exercise price | Market value unvested |
|---|---|---|---|---|
| Anthony Roach | RSU | 37,147 | — | $1,535,286 |
| Tom Doxey | PSU | 104,077 | — | 4,301,502 |
| Tom Doxey | RSU | 88,048 | — | 3,639,024 |
| Justin Jones | RSU | 55,456 | — | 2,291,996 |
| Andrew Watterson | PSU | 111,041 | — | 4,589,325 |
| Robert Jordan | RSU | 228,537 | — | 9,445,434 |
| Tammy Romo | PSU | 9,048 | — | 373,954 |
| Robert Jordan | PSU | 175,039 | — | 7,234,362 |
| Andrew Watterson | RSU | 102,455 | — | 4,234,465 |
| Justin Jones | PSU | 66,467 | — | 2,747,081 |
| Anthony Roach | PSU | 63,920 | — | 2,641,814 |
| Tammy Romo | RSU | 84,428 | — | 3,489,409 |
The overall objective of the Company's compensation programs is to provide for fair pay opportunities, while aligning these opportunities with the Company's business objectives and priorities, including the key strategic initiatives the Company establishes from time to time to support its business objectives and priorities.
| CEO STI target (% of salary) | 200% |
|---|---|
| CEO LTI target (% of salary) | — |
| Independent consultant | Meridian Compensation Partners, LLC |
| Clawback policy | true |
| Anti-hedging | true |
| Anti-pledging | True |
| Meeting year | Meeting date | For | Against | Abstain | Support | Outcome |
|---|---|---|---|---|---|---|
| 2026 | 2026-05-07 | 364,384,778 | 13,450,799 | 1,625,281 | 96.44% | Passed |
| 2025 | 2025-05-14 | 401,418,268 | 25,796,557 | 1,076,118 | 93.96% | Passed |
| 2024 | 2024-05-15 | 339,780,020 | 97,603,353 | 1,469,173 | 77.68% | Passed |
| 2023 | 2023-05-17 | 390,991,100 | 30,504,474 | 1,506,469 | 92.76% | Passed |
| 2022 | 2022-05-18 | 380,200,105 | 28,307,420 | 2,304,794 | 93.07% | Passed |
| 2021 | 2021-05-19 | 392,343,160 | 29,188,497 | 2,277,637 | 93.08% | Passed |
Rows are labeled by annual-meeting year, with the meeting date beside each; the vote held in a given year acts on the prior fiscal year's compensation.
| Meeting year | Meeting date | Approval — company's computation |
|---|---|---|
| 2026 | 2026-05-07 | 96.44%a |
| 2025 | 2025-05-14 | 93.96%b |
| 2024 | 2024-05-15 | 77.68%c |
a. Approved under the standard stated in the filing — “however, neither abstentions nor broker non-votes are counted as voted either for or against a proposal and, as such, will not affect the outcome of the vote on any proposal.”.
b. Approved under the standard stated in the filing — “however, neither abstentions nor broker non-votes are counted as voted either for or against a proposal and, as such, will not affect the outcome of the vote on any proposal.”.
c. Approved under the standard stated in the filing — “however, neither abstentions nor broker non-votes are counted as voted either for or against a proposal and, as such, will not affect the outcome of the vote on any proposal.”.
Approval percentages are the company's own reported computations under its own stated standard, not recomputed by Velarion. Where a company does not state a standard, none is assumed.
| Ratio (CEO : median employee) | 173.3 : 1 |
|---|---|
| CEO total compensation | $16,587,882 |
| Median employee compensation | $95,715 |
| Director | Cash fees | Stock awards | Option awards | Non-equity incentive | All other | Total |
|---|---|---|---|---|---|---|
| Rakesh GangwalIndependent · Fleet Oversight (Chair) · Nominating and Corporate Governance | $232,664 | $170,017 | $0 | $0 | $0 | $402,681 |
| Douglas H. BrooksIndependent · Board Chair · Audit · Compensation · Fleet Oversight | 220,260 | 170,017 | 0 | 0 | 0 | 390,277 |
| Gregg A. SaretskyIndependent · Not standing for re-election | 150,000 | 170,017 | 0 | 0 | 0 | 320,017 |
| Lisa M. AthertonIndependent · Compensation (Chair) · Fleet Oversight · Nominating and Corporate Governance | 139,000 | 170,017 | 0 | 0 | 0 | 309,017 |
| David P. HessIndependent · Audit · Safety and Operations (Chair) | 135,000 | 170,017 | 0 | 0 | 0 | 305,017 |
| Christopher P. ReynoldsIndependent · Compensation · Nominating and Corporate Governance (Chair) | 132,500 | 170,017 | 0 | 0 | 0 | 302,517 |
| Pierre R. BreberIndependent · Audit (Chair) · Compensation | 130,075 | 170,017 | 0 | 0 | 0 | 300,092 |
| David J. GrissenIndependent · Audit · Compensation | 122,459 | 170,017 | 0 | 0 | 0 | 292,476 |
| Robert L. FornaroIndependent · Safety and Operations | 115,000 | 170,017 | 0 | 0 | 0 | 285,017 |
| C. David CushIndependent · Not standing for re-election | 115,000 | 170,017 | 0 | 0 | 0 | 285,017 |
| Sarah E. FeinbergIndependent · Compensation · Nominating and Corporate Governance | 112,500 | 170,017 | 0 | 0 | 0 | 282,517 |
| Patricia A. WatsonIndependent · Nominating and Corporate Governance · Safety and Operations | 110,000 | 170,017 | 0 | 0 | 0 | 280,017 |
| Elaine MendozaIndependent · Departed during FY | 63,027 | — | 0 | 0 | 0 | 63,027 |
| Eduardo F. ConradoIndependent · Departed during FY | 58,527 | — | 0 | 0 | 0 | 58,527 |
| Robert E. JordanEmployee director · Safety and Operations · Fleet Oversight | 0 | 0 | 0 | — | 0 | 0 |
| Annual cash retainer | $90,000 |
|---|---|
| Annual equity retainer | $170,017 |
| Per board meeting fee | — |
| Committee chair fees (audit / comp / nom-gov) | — |
| Stock ownership guideline | 5x annual cash retainer ($450,000) |
| Component | FY2025 |
|---|---|
| Cash retainers and fees | $1,836,012 |
| Equity awards (grant-date value) | $2,040,204 |
| All other compensation | $0 |
| Total cost of the board | $3,876,216 |
Computed as the sum of the director compensation table rows above; inputs and formula shown in the register.
The compensation peer group as the company disclosed it in its own proxy — the reference set behind the percentile above.
Of the companies Southwest Airlines names as compensation peers, which name it back in their own disclosed peer groups. A peer set the market reciprocates reads differently from one selected in a single direction.
Reciprocity shown where the peer's own current proxy has been read — each mark is cited in the register to that peer's filing. A dash means the peer's current proxy was read and names no reciprocal group including Southwest Airlines.
Most recent fiscal-year chief executive compensation at each disclosed peer, taken from that company's own proxy statement.
| Rank | Company | FY | Chief executive | Salary | Stock awards | Option awards | Non-equity incentive | Total |
|---|---|---|---|---|---|---|---|---|
| 1 | United Airlines Holdings, Inc. | 2025 | Scott Kirby | $1,200,000 | $22,565,804 | $0 | $8,010,000 | $32,282,253 |
| 2 | Delta Air Lines, Inc. | 2025 | Edward Bastian | 1,082,500 | 11,914,231 | 0 | 5,846,040 | 19,222,401 |
| 3 | Southwest Airlines | 2025 | Robert Jordan | 844,792 | 13,075,072 | 0 | 2,031,160 | 16,587,882 |
| 4 | American Airlines Group Inc. | 2025 | Robert Isom | 1,300,000 | 12,489,000 | 0 | 0 | 13,871,825 |
| 5 | Alaska Air Group, Inc. | 2025 | Ben Minicucci | 847,692 | 6,769,222 | 0 | 1,632,721 | 9,904,339 |
| 6 | JetBlue Airways Corporation | 2025 | Joanna Geraghty | 700,000 | 3,249,996 | 0 | 1,102,500 | 5,191,318 |
Each peer's compensation is from its most recently filed proxy; fiscal years differ by company. Each peer's figures come from its own filings; the subject company is highlighted. Peers whose chief executive compensation is outside our coverage universe are stated as such, never left blank.
| Company | Annual incentive payout | Long-term vehicle mix | PSU measures include TSR | Compensation consultant |
|---|---|---|---|---|
| Southwest Airlines | 119.48% | RSU 50 · PSU 50 | No | Meridian Compensation Partners, LLC |
| Alaska Air Group, Inc. | 110.0% | RSU 50 · PSU 50 | No | Meridian Compensation Partners, LLC |
| American Airlines Group Inc. | 50.97% | PSU 50 · RSU 50 | No | Korn Ferry |
| Delta Air Lines, Inc. | 54.46% | PSU 50 · Cash LTI 25 · RSU 25 | No | Frederic W. Cook & Co., Inc. (FW Cook) |
| JetBlue Airways Corporation | not disclosed | not disclosed | Yes | Pay Governance |
| United Airlines Holdings, Inc. | not disclosed | not disclosed | not disclosed | Exequity |
Read from each company's Compensation Discussion and Analysis: annual incentive payout as a percentage of target, the disclosed long-term vehicle mix, whether performance-share measures include a total shareholder return component, and the retained compensation consultant. “Not disclosed” appears only where the company's filing does not state the item.
Each figure's location is given both for the eye (section · page · table · row · column) and for a script (table/row/column index and exact character span in the filed document). Any figure can be independently confirmed against the source.
| # | Supports | Document | Filed | Accession | Location in document |
|---|---|---|---|---|---|
| 1 | Section 01, Robert Jordan | DEF 14A | 2026-03-27 | 0001193125-26-127237 | Section “Summary Compensation Table”. As printed: 16,587,882. Filing ↗machine: t263 · r2 · c39 · span 1219658–1219668 |
| 2 | Section 01, Tom Doxey | DEF 14A | 2026-03-27 | 0001193125-26-127237 | Section “Summary Compensation Table”. As printed: 9,145,521. Filing ↗machine: r5 · c39 · span 1238217–1238226 |
| 3 | Section 01, Andrew Watterson | DEF 14A | 2026-03-27 | 0001193125-26-127237 | Section “Summary Compensation Table”. As printed: 8,785,175. Filing ↗machine: r6 · c39 · span 1243893–1243902 |
| 4 | Section 01, Justin Jones | DEF 14A | 2026-03-27 | 0001193125-26-127237 | Section “Summary Compensation Table”. As printed: 5,643,338. Filing ↗machine: r9 · c39 · span 1261491–1261500 |
| 5 | Section 01, Anthony Roach | DEF 14A | 2026-03-27 | 0001193125-26-127237 | Section “Summary Compensation Table”. As printed: 4,935,287. Filing ↗machine: r10 · c39 · span 1270874–1270883 |
| 6 | Section 01, Tammy Romo | DEF 14A | 2026-03-27 | 0001193125-26-127237 | Section “Summary Compensation Table”. As printed: 4,705,214. Filing ↗machine: r11 · c39 · span 1276583–1276592 |
| 7 | Section 03, Andrew Watterson PSU | DEF 14A | 2026-03-27 | 0001193125-26-127237 | Section “Grants of Plan-Based Awards in Fiscal 2025” · grants of plan-based awards table. Filing ↗machine: t181 · r4 · c19 · span 883640–883649 |
| 8 | Section 03, Tom Doxey PSU | DEF 14A | 2026-03-27 | 0001193125-26-127237 | Section “Grants of Plan-Based Awards in Fiscal 2025” · grants of plan-based awards table. Filing ↗machine: t181 · r3 · c19 · span 881018–881027 |
| 9 | Section 03, Justin Jones PSU | DEF 14A | 2026-03-27 | 0001193125-26-127237 | Section “Grants of Plan-Based Awards in Fiscal 2025” · grants of plan-based awards table. Filing ↗machine: t319 · r30 · c29 · span 1670937–1670943 |
| 10 | Section 03, Anthony Roach PSU | DEF 14A | 2026-03-27 | 0001193125-26-127237 | Section “Grants of Plan-Based Awards in Fiscal 2025” · grants of plan-based awards table. Filing ↗machine: t319 · r42 · c29 · span 1702725–1702731 |
| 11 | Section 03, Robert Jordan PSU | DEF 14A | 2026-03-27 | 0001193125-26-127237 | Section “Grants of Plan-Based Awards in Fiscal 2025” · grants of plan-based awards table. Filing ↗machine: t319 · r6 · c29 · span 1607138–1607145 |
| 12 | Section 03, Andrew Watterson RSU | DEF 14A | 2026-03-27 | 0001193125-26-127237 | Section “Grants of Plan-Based Awards in Fiscal 2025” · grants of plan-based awards table. Filing ↗machine: t319 · r22 · c29 · span 1649674–1649680 |
| 13 | Section 03, Andrew Watterson PSU | DEF 14A | 2026-03-27 | 0001193125-26-127237 | Section “Grants of Plan-Based Awards in Fiscal 2025” · grants of plan-based awards table. Filing ↗machine: t319 · r22 · c29 · span 1649674–1649680 |
| 14 | Section 03, Tom Doxey RSU | DEF 14A | 2026-03-27 | 0001193125-26-127237 | Section “Grants of Plan-Based Awards in Fiscal 2025” · grants of plan-based awards table. Filing ↗machine: t328 · r6 · c4 · span 1751514–1751520 |
| 15 | Section 03, Anthony Roach RSU | DEF 14A | 2026-03-27 | 0001193125-26-127237 | Section “Grants of Plan-Based Awards in Fiscal 2025” · grants of plan-based awards table. Filing ↗machine: t319 · r42 · c29 · span 1702725–1702731 |
| 16 | Section 03, Robert Jordan RSU | DEF 14A | 2026-03-27 | 0001193125-26-127237 | Section “Grants of Plan-Based Awards in Fiscal 2025” · grants of plan-based awards table. Filing ↗machine: t319 · r6 · c29 · span 1607138–1607145 |
| 17 | Section 03, Robert Jordan PSU | DEF 14A | 2026-03-27 | 0001193125-26-127237 | Section “Grants of Plan-Based Awards in Fiscal 2025” · grants of plan-based awards table. Filing ↗machine: t181 · r2 · c19 · span 878406–878415 |
| 18 | Section 03, Tammy Romo PSU | DEF 14A | 2026-03-27 | 0001193125-26-127237 | Section “Grants of Plan-Based Awards in Fiscal 2025” · grants of plan-based awards table. Filing ↗machine: t319 · r50 · c29 · span 1723981–1723987 |
| 19 | Section 03, Justin Jones PSU | DEF 14A | 2026-03-27 | 0001193125-26-127237 | Section “Grants of Plan-Based Awards in Fiscal 2025” · grants of plan-based awards table. Filing ↗machine: t181 · r5 · c19 · span 886255–886264 |
| 20 | Section 03, Tammy Romo RSU | DEF 14A | 2026-03-27 | 0001193125-26-127237 | Section “Grants of Plan-Based Awards in Fiscal 2025” · grants of plan-based awards table. Filing ↗machine: t319 · r50 · c29 · span 1723981–1723987 |
| 21 | Section 03, Justin Jones RSU | DEF 14A | 2026-03-27 | 0001193125-26-127237 | Section “Grants of Plan-Based Awards in Fiscal 2025” · grants of plan-based awards table. Filing ↗machine: t319 · r30 · c29 · span 1670937–1670943 |
| 22 | Section 03, Anthony Roach PSU | DEF 14A | 2026-03-27 | 0001193125-26-127237 | Section “Grants of Plan-Based Awards in Fiscal 2025” · grants of plan-based awards table. Filing ↗machine: t319 · r38 · c29 · span 1692199–1692205 |
| 23 | Section 03, Anthony Roach RSU | DEF 14A | 2026-03-27 | 0001193125-26-127237 | Section “Grants of Plan-Based Awards in Fiscal 2025” · grants of plan-based awards table. Filing ↗machine: t319 · r38 · c29 · span 1692199–1692205 |
| 24 | Section 07, pay ratio | DEF 14A | 2026-03-27 | 0001193125-26-127237 | Section “CEO Pay Ratio”. As printed: 173.3 : 1. Filing ↗ |
| 25 | Section 08, Rakesh Gangwal | DEF 14A | 2026-03-27 | 0001193125-26-127237 | Section “Director Compensation”. As printed: 402,681. Filing ↗machine: t375 · r17 · c19 · span 1964084–1964091 |
| 26 | Section 08, Douglas H. Brooks | DEF 14A | 2026-03-27 | 0001193125-26-127237 | Section “Director Compensation”. As printed: 390,277. Filing ↗machine: t375 · r7 · c19 · span 1947718–1947725 |
| 27 | Section 08, Gregg A. Saretsky | DEF 14A | 2026-03-27 | 0001193125-26-127237 | Section “Director Compensation”. As printed: 320,017. Filing ↗machine: t375 · r27 · c19 · span 1980332–1980339 |
| 28 | Section 08, Lisa M. Atherton | DEF 14A | 2026-03-27 | 0001193125-26-127237 | Section “Director Compensation”. As printed: 309,017. Filing ↗machine: t375 · r3 · c19 · span 1941263–1941270 |
| 29 | Section 08, David P. Hess | DEF 14A | 2026-03-27 | 0001193125-26-127237 | Section “Director Compensation”. As printed: 305,017. Filing ↗machine: t375 · r21 · c19 · span 1970535–1970542 |
| 30 | Section 08, Christopher P. Reynolds | DEF 14A | 2026-03-27 | 0001193125-26-127237 | Section “Director Compensation”. As printed: 302,517. Filing ↗machine: t375 · r25 · c19 · span 1977048–1977055 |
| 31 | Section 08, Pierre R. Breber | DEF 14A | 2026-03-27 | 0001193125-26-127237 | Section “Director Compensation”. As printed: 300,092. Filing ↗machine: t375 · r5 · c19 · span 1944490–1944497 |
| 32 | Section 08, David J. Grissen | DEF 14A | 2026-03-27 | 0001193125-26-127237 | Section “Director Compensation”. As printed: 292,476. Filing ↗machine: t375 · r19 · c19 · span 1967311–1967318 |
| 33 | Section 08, Robert L. Fornaro | DEF 14A | 2026-03-27 | 0001193125-26-127237 | Section “Director Compensation”. As printed: 285,017. Filing ↗machine: t375 · r15 · c19 · span 1960859–1960866 |
| 34 | Section 08, C. David Cush | DEF 14A | 2026-03-27 | 0001193125-26-127237 | Section “Director Compensation”. As printed: 285,017. Filing ↗machine: t375 · r11 · c19 · span 1954281–1954288 |
| 35 | Section 08, Sarah E. Feinberg | DEF 14A | 2026-03-27 | 0001193125-26-127237 | Section “Director Compensation”. As printed: 282,517. Filing ↗machine: t375 · r13 · c19 · span 1957575–1957582 |
| 36 | Section 08, Patricia A. Watson | DEF 14A | 2026-03-27 | 0001193125-26-127237 | Section “Director Compensation”. As printed: 280,017. Filing ↗machine: t375 · r29 · c19 · span 1983561–1983568 |
| 37 | Section 08, Elaine Mendoza | DEF 14A | 2026-03-27 | 0001193125-26-127237 | Section “Director Compensation”. As printed: 63,027. Filing ↗machine: t375 · r23 · c4 · span 1972168–1972174 |
| 38 | Section 08, Eduardo F. Conrado | DEF 14A | 2026-03-27 | 0001193125-26-127237 | Section “Director Compensation”. As printed: 58,527. Filing ↗machine: t375 · r9 · c4 · span 1949355–1949361 |
| 39 | Section 08, Robert E. Jordan | DEF 14A | 2026-03-27 | 0001193125-26-127237 | Section “Director Compensation”. As printed: 0. Filing ↗ |
| 40 | Section 02, Lisa M. Atherton 2026-04-07 | Form 4 | 2026-04-08 | 0000092380-26-000039 | Insider equity transaction reported since the proxy statement. Filing ↗ |
| 41 | Section 02, Christopher P. Reynolds 2026-05-07 | Form 4 | 2026-05-11 | 0000092380-26-000056 | Insider equity transaction reported since the proxy statement. Filing ↗ |
| 42 | Section 02, Robert L. Fornaro 2026-05-07 | Form 4 | 2026-05-11 | 0000092380-26-000062 | Insider equity transaction reported since the proxy statement. Filing ↗ |
| 43 | Section 02, Lisa M. Atherton 2026-05-07 | Form 4 | 2026-05-11 | 0000092380-26-000052 | Insider equity transaction reported since the proxy statement. Filing ↗ |
| 44 | Section 02, David P. Hess 2026-05-07 | Form 4 | 2026-05-11 | 0000092380-26-000058 | Insider equity transaction reported since the proxy statement. Filing ↗ |
| 45 | Section 02, Pierre R. Breber 2026-05-07 | Form 4 | 2026-05-11 | 0000092380-26-000066 | Insider equity transaction reported since the proxy statement. Filing ↗ |
| 46 | Section 02, David J. Grissen 2026-05-07 | Form 4 | 2026-05-11 | 0000092380-26-000060 | Insider equity transaction reported since the proxy statement. Filing ↗ |
| 47 | Section 02, Patricia A. Watson 2026-05-07 | Form 4 | 2026-05-11 | 0000092380-26-000054 | Insider equity transaction reported since the proxy statement. Filing ↗ |
| 48 | Section 02, Sarah E. Feinberg 2026-05-07 | Form 4 | 2026-05-11 | 0000092380-26-000064 | Insider equity transaction reported since the proxy statement. Filing ↗ |
| 49 | Section 06, 2026 vote | Form 8-K | 2026-05-11 | 0000092380-26-000050 | Item 5.07 · say-on-pay result. As reported: 96.44% (votes for as printed: 364,384,778). Filing ↗ |
| 50 | Section 06, 2025 vote | Form 8-K | 2025-05-19 | 0000092380-25-000117 | Item 5.07 · say-on-pay result. As reported: 93.96% (votes for as printed: 401,418,268). Filing ↗ |
| 51 | Section 06, 2024 vote | Form 8-K | 2024-05-20 | 0000092380-24-000094 | Item 5.07 · say-on-pay result. As reported: 77.68% (votes for as printed: 339,780,020). Filing ↗ |
| 52 | Section 01 trend, Δ column (computed) | Computed | — | computed | Δ = current-FY total − prior-FY total per named officer.machine: formula: Δ = FY(n) − FY(n−1) |
| 53 | Section 03b vehicle mix (computed) | Computed | — | computed | RSU / PSU / Options grant-date fair values summed per officer from the grants table; % performance-vested = PSU ÷ (RSU+PSU+Options).machine: formula: sums + PSU ratio |
| 54 | Section 09b board cost (computed) | Computed | — | computed | Cash 1,836,012 + equity 2,040,204 + all other 0 = 3,876,216, summed across the director compensation table rows.machine: formula: Σ = 3,876,216 |
| 55 | United Airlines Holdings, Inc., Section 10b CEO total | DEF 14A | 2026-04-07 | 0001104659-26-040467 | CEO total compensation as printed in United Airlines Holdings, Inc.'s own proxy. As printed: 32,282,253. Filing ↗machine: t375 · r8 · c16 · span 2556272–2556282 |
| 56 | Delta Air Lines, Inc., Section 10b CEO total | DEF 14A | 2026-04-24 | 0001308179-26-000345 | CEO total compensation as printed in Delta Air Lines, Inc.'s own proxy. As printed: 19,222,401. Filing ↗machine: t124 · r1 · c35 · span 616606–616616 |
| 57 | Southwest Airlines (subject), Section 10b CEO total | DEF 14A | 2026-03-27 | 0001193125-26-127237 | CEO total compensation as printed in Southwest Airlines's own proxy. As printed: 16,587,882. Filing ↗machine: t263 · r2 · c39 · span 1219658–1219668 |
| 58 | American Airlines Group Inc., Section 10b CEO total | DEF 14A | 2026-04-28 | 0001193125-26-187096 | CEO total compensation as printed in American Airlines Group Inc.'s own proxy. As printed: 13,871,825. Filing ↗machine: r3 · c34 · span 1427237–1427247 |
| 59 | Alaska Air Group, Inc., Section 10b CEO total | DEF 14A | 2026-03-30 | 0001193125-26-132048 | CEO total compensation as printed in Alaska Air Group, Inc.'s own proxy. As printed: 9,904,339. Filing ↗machine: t40 · r2 · c17 · span 1199860–1199869 |
| 60 | JetBlue Airways Corporation, Section 10b CEO total | DEF 14A | 2026-04-02 | 0001158463-26-000041 | CEO total compensation as printed in JetBlue Airways Corporation's own proxy. As printed: 5,191,318. Filing ↗machine: r5 · c7 · span 2148744–2148753 |
| 61 | Section 10a, United Airlines Holdings, Inc. reciprocity | DEF 14A | — | 0001104659-26-040467 | United Airlines Holdings, Inc. names Southwest Airlines in its own disclosed peer group (read from its most recent proxy). Filing ↗ |
| 62 | Section 10a, Alaska Air Group, Inc. reciprocity | DEF 14A | — | 0001193125-26-132048 | Alaska Air Group, Inc. names Southwest Airlines in its own disclosed peer group (read from its most recent proxy). Filing ↗ |
| 63 | Section 10a, JetBlue Airways Corporation reciprocity | DEF 14A | — | 0001158463-26-000041 | JetBlue Airways Corporation names Southwest Airlines in its own disclosed peer group (read from its most recent proxy). Filing ↗ |
| 64 | Section 10a, Delta Air Lines, Inc. reciprocity | DEF 14A | — | 0001308179-26-000345 | Delta Air Lines, Inc. names Southwest Airlines in its own disclosed peer group (read from its most recent proxy). Filing ↗ |
| 65 | Section 10a, American Airlines Group Inc. reciprocity | DEF 14A | — | 0001193125-26-187096 | American Airlines Group Inc. names Southwest Airlines in its own disclosed peer group (read from its most recent proxy). Filing ↗ |