Companies Southwest Airlines Co
Southwest Airlines (LUV): executive pay, fiscal 2025
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CEO vs. named peers60th pct.Of 5 peer CEOs
CEO pay, last three years
- $9,307,298FY2023
- $10,562,384FY2024
- $16,587,882FY2025
CEO total pay was $16,587,882 in fiscal 2025, up from $10,562,384 in fiscal 2024.
FY2025: salary $844,792 · bonus $0 · stock awards $13,075,072 · option awards $0
Executives and directors
Andrew Watterson · COOJustin Jones · EVPAnthony Roach · EVPRobert Jordan · CEOTammy Romo · CFOTom Doxey · CFOC. David Cush · Former director (through FY2025)Christopher P. Reynolds · Independent DirectorDavid J. Grissen · Independent DirectorDavid P. Hess · Independent DirectorDouglas H. Brooks · Chair of the BoardEduardo F. Conrado · Former director (through FY2025)Elaine Mendoza · Former director (through FY2025)Gregg A. Saretsky · Former director (through FY2025)Lisa M. Atherton · Independent DirectorPatricia A. Watson · Independent DirectorPierre R. Breber · Independent DirectorRakesh Gangwal · Independent DirectorRobert L. Fornaro · Independent DirectorSarah E. Feinberg · Independent Director
Frequently asked questions
Who was the highest-paid executive at Southwest Airlines Co in fiscal 2025?
As disclosed, Robert Jordan (Chief Executive Officer & President) was the highest-paid executive at Southwest Airlines Co in fiscal 2025, with total compensation of $16,587,882.
How does Southwest Airlines Co's chief executive pay compare to its disclosed peer group?
As disclosed, Robert Jordan's total compensation ranked at the 60th percentile of Southwest Airlines Co's disclosed peer group.
What is Southwest Airlines Co's CEO-to-median employee pay ratio?
As disclosed, Southwest Airlines Co's CEO-to-median employee pay ratio was 173.3:1.
How did shareholders vote on Southwest Airlines Co's executive compensation?
As disclosed, 96.44% of shareholders supported Southwest Airlines Co's executive compensation in the latest say-on-pay vote.
How much does Southwest Airlines Co spend in total on board compensation for fiscal 2025?
As disclosed, Southwest Airlines Co reported total board compensation of $3,876,216 for fiscal 2025.
Answers are drawn only from the figures disclosed in this brief and cited to their location in the source filing. Where a figure required for an answer is not disclosed, that is stated rather than estimated.
Full detail
Every table from the filing. Open any section.
Summary compensation table
| 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.
Three-year trend — total compensation per named executive
| 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.
Incentive-plan design — the Compensation Discussion & Analysis
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 |
Equity grants and outstanding awards
Grants of plan-based awards — fiscal year 2025
| Executive | Award | Grant date | Threshold | Target | Granted | Maximum | Grant-date fair value |
|---|---|---|---|---|---|---|---|
| Andrew Watterson | PSU | 2025-03-14 | — | 100,000 | — | 200,000 | $3,173,000 |
| Justin Jones | PSU | 2025-03-14 | — | 60,000 | — | 120,000 | 1,903,800 |
| Tom Doxey | PSU | 2025-03-14 | — | 100,000 | — | 200,000 | 3,173,000 |
| Anthony Roach | PSU | 2025-03-14 | — | 60,000 | — | 120,000 | 1,903,800 |
| Justin Jones | PSU | 2025-02-04 | 3,540 | 35,402 | — | 70,804 | 1,090,028 |
| Andrew Watterson | PSU | 2025-02-04 | 5,521 | 55,213 | — | 110,426 | 1,700,008 |
| Robert Jordan | PSU | 2025-02-04 | 13,113 | 131,131 | — | 262,262 | 4,037,523 |
| Tammy Romo | PSU | 2025-02-04 | 4,457 | 44,577 | — | 89,154 | 1,372,526 |
| Anthony Roach | PSU | 2025-02-04 | 1,130 | 11,303 | — | 22,606 | 348,019 |
| Anthony Roach | PSU | 2025-03-14 | 1,660 | 16,609 | — | 33,218 | 527,004 |
| Justin Jones | RSU | 2025-02-04 | — | — | 35,402 | — | 1,090,028 |
| Robert Jordan | RSU | 2025-02-04 | — | — | 131,131 | — | 4,037,523 |
| Andrew Watterson | RSU | 2025-02-04 | — | — | 55,213 | — | 1,700,008 |
| Anthony Roach | RSU | 2025-02-04 | — | — | 11,303 | — | 348,019 |
| Tom Doxey | PSU | 2025-03-14 | 4,077 | 40,774 | — | 81,548 | 1,293,759 |
| Tom Doxey | RSU | 2025-03-14 | — | — | 88,048 | — | 2,793,763 |
| Anthony Roach | RSU | 2025-03-14 | — | — | 16,609 | — | 527,004 |
| Robert Jordan | PSU | 2025-10-16 | — | 150,196 | — | 300,392 | 5,000,025 |
| Tammy Romo | RSU | 2025-02-04 | — | — | 44,577 | — | 1,372,526 |
Vehicle mix — grant-date fair value by award type
| Named executive officer | Time-vested (RSU) | Performance-vested (PSU) | Options / SARs | % performance-vested |
|---|---|---|---|---|
| Andrew Watterson | $1,700,008 | $4,873,008 | $0 | 74.1% |
| Justin Jones | 1,090,028 | 2,993,828 | 0 | 73.3% |
| Tom Doxey | 2,793,763 | 4,466,759 | 0 | 61.5% |
| Anthony Roach | 875,023 | 2,778,823 | 0 | 76.1% |
| 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.
Outstanding equity awards at fiscal year-end 2025
| Executive | Award | Shares unvested | Exercise price | Market value unvested |
|---|---|---|---|---|
| Tammy Romo | PSU | 9,048 | — | $373,954 |
| Anthony Roach | RSU | 37,147 | — | 1,535,286 |
| Justin Jones | RSU | 55,456 | — | 2,291,996 |
| Anthony Roach | PSU | 63,920 | — | 2,641,814 |
| Justin Jones | PSU | 66,467 | — | 2,747,081 |
| Tammy Romo | RSU | 84,428 | — | 3,489,409 |
| Tom Doxey | RSU | 88,048 | — | 3,639,024 |
| Andrew Watterson | RSU | 102,455 | — | 4,234,465 |
| Tom Doxey | PSU | 104,077 | — | 4,301,502 |
| Andrew Watterson | PSU | 111,041 | — | 4,589,325 |
| Robert Jordan | PSU | 175,039 | — | 7,234,362 |
| Robert Jordan | RSU | 228,537 | — | 9,445,434 |
Director compensation
| Director | Cash fees | Stock awards | Option awards | Non-equity incentive | All other | Total |
|---|---|---|---|---|---|---|
| Rakesh GangwalIndependent · Nominating/Governance · Fleet Oversight (Chair) · Aircraft (Chair) | $232,664 | $170,017 | $0 | $0 | $0 | $402,681 |
| Douglas H. BrooksIndependent · Board Chair · Audit · Compensation · Fleet Oversight · Aircraft | 220,260 | 170,017 | 0 | 0 | 0 | 390,277 |
| Gregg A. SaretskyIndependent · Departed during FY | 150,000 | 170,017 | 0 | 0 | 0 | 320,017 |
| Lisa M. AthertonIndependent · Compensation (Chair) · Fleet Oversight · Nominating/Governance · Aircraft | 139,000 | 170,017 | 0 | 0 | 0 | 309,017 |
| David P. HessIndependent · Audit · Safety & Operations (Chair) · Safety & Operational Compliance (Chair) | 135,000 | 170,017 | 0 | 0 | 0 | 305,017 |
| Christopher P. ReynoldsIndependent · Compensation · Nominating/Governance | 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 |
| C. David CushIndependent · Departed during FY | 115,000 | 170,017 | 0 | 0 | 0 | 285,017 |
| Robert L. FornaroIndependent · Safety & Operations · Safety & Operational Compliance | 115,000 | 170,017 | 0 | 0 | 0 | 285,017 |
| Sarah E. FeinbergIndependent · Compensation · Nominating/Governance | 112,500 | 170,017 | 0 | 0 | 0 | 282,517 |
| Patricia A. WatsonIndependent · Nominating/Governance · Safety & Operations · Safety & Operational Compliance | 110,000 | 170,017 | 0 | 0 | 0 | 280,017 |
| Elaine MendozaIndependent · Departed during FY | 63,027 | 0 | 0 | 0 | 0 | 63,027 |
| Eduardo F. ConradoIndependent · Departed during FY | 58,527 | 0 | 0 | 0 | 0 | 58,527 |
| Robert E. JordanEmployee director · Safety & Operations · Fleet Oversight · Compensation · Nominating/Governance · Safety & Operational Compliance · Aircraft | 0 | 0 | 0 | — | 0 | 0 |
Board fee structure and ownership guideline
| Annual cash retainer | $90,000 |
|---|---|
| Annual equity retainer | $170,017 |
| Per board meeting fee | $1,500 |
| Committee chair fees (audit / comp / nom-gov) | 30,000 / 25,000 / 20,000 |
| Stock ownership guideline | $450,000 |
Total cost of the board
| 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.
Peer group, and who names Southwest Airlines as a peer
Companies that benchmark against LUV
8 companies name LUV as a compensation peer
The list of companies that name LUV as a peer is temporarily unavailable — recheck shortly.
Disclosed peer group — fiscal year 2025
The compensation peer group as the company disclosed it in its own proxy — the reference set behind the percentile above.
DAL Delta Air Lines, Inc.AAL American Airlines Group Inc.UAL United Airlines Holdings, Inc.ALK Alaska Air Group, Inc.JBLU JetBlue Airways Corporation
Peer reciprocity
Of the companies Southwest Airlines Co 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.
✓ Delta Air Lines, Inc. (DAL)74✓ American Airlines Group Inc. (AAL)75✓ United Airlines Holdings, Inc. (UAL)76✓ Alaska Air Group, Inc. (ALK)77✓ JetBlue Airways Corporation (JBLU)78
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 Co.
Chief executive pay against the peer group
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 Co | 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.
Incentive design against the same peers
| Company | Annual incentive payout | Long-term vehicle mix | PSU measures include TSR | Compensation consultant |
|---|---|---|---|---|
| Southwest Airlines Co | 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 — Relative TSR | Pay Governance LLC |
| United Airlines Holdings, Inc. | 135% | not disclosed | No | 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.
Say-on-pay history and pay ratio
| 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.
Say-on-pay — history, company’s computation
| 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.
CEO pay ratio
| Ratio (CEO : median employee) | 173.3 : 1 |
|---|---|
| CEO total compensation | $16,587,882 |
| Median employee compensation | $95,715 |
Insider trades since the proxy
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 ↗ |
| Patricia A. Watson | 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 ↗ |
| David P. Hess | Director | 2026-05-07 | A | 4,108 | 0 | 0 | Common | Form 4 ↗ |
| Christopher P. Reynolds | 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 ↗ |
| Pierre R. Breber | 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 ↗ |
| Douglas H. Brooks | 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 ↗ |
| Andrew Watterson | Chief Operating Officer | 2026-08-05 | A | 2,995 | 0 | 0 | Common | Form 4 ↗ |
| Justin Jones | EVP & Chief Commercial Officer | 2026-08-05 | A | 8,568 | 0 | 0 | Common | Form 4 ↗ |
| Tom Doxey | EVP, Chief Financial Officer | 2026-08-05 | A | 6,316 | 0 | 0 | Common | Form 4 ↗ |
| Lauren Tauscher Woods | EVP & CIO | 2026-08-05 | A | 7,598 | 0 | 0 | Common | Form 4 ↗ |
| Anthony Roach | Chief Customer & Brand Officer | 2026-08-05 | A | 9,506 | 0 | 0 | Common | Form 4 ↗ |
| Robert E. Jordan | Director | 2026-08-05 | A | 28,321 | 0 | 0 | Common | Form 4 ↗ |
| Jason T. Liberty | Director | 2026-08-10 | A | 3,787 | 0 | 0 | Common | Form 4 ↗ |
| Varun Krishna | Director | 2026-08-10 | A | 3,787 | 0 | 0 | Common | Form 4 ↗ |
| Jimmy Ryan Martinez | Principal Accounting Officer | 2026-08-21 | D | 179 | 40 | 7,228 | Common | Form 4 ↗ |
| Jimmy Ryan Martinez | Principal Accounting Officer | 2026-09-15 | A | 2,697 | 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.
Sources (78 citations)
Each figure is listed with the filing it comes from, where it appears in that filing, and the value as printed. Any figure can be independently confirmed against the source.
- Section 01, Robert Jordan. DEF 14A, filed 2026-03-27. Section “Summary Compensation Table” · page 53. As printed: 16,587,882. View filing ↗
- Section 01, Tom Doxey. DEF 14A, filed 2026-03-27. Section “Summary Compensation Table”. As printed: 9,145,521. View filing ↗
- Section 01, Andrew Watterson. DEF 14A, filed 2026-03-27. Section “Summary Compensation Table”. As printed: 8,785,175. View filing ↗
- Section 01, Justin Jones. DEF 14A, filed 2026-03-27. Section “Summary Compensation Table”. As printed: 5,643,338. View filing ↗
- Section 01, Anthony Roach. DEF 14A, filed 2026-03-27. Section “Summary Compensation Table”. As printed: 4,935,287. View filing ↗
- Section 01, Tammy Romo. DEF 14A, filed 2026-03-27. Section “Summary Compensation Table”. As printed: 4,705,214. View filing ↗
- Section 03, Andrew Watterson PSU. DEF 14A, filed 2026-03-27. Section “Grants of Plan-Based Awards in Fiscal 2025” · grants of plan-based awards table. View filing ↗
- Section 03, Justin Jones PSU. DEF 14A, filed 2026-03-27. Section “Grants of Plan-Based Awards in Fiscal 2025” · grants of plan-based awards table. View filing ↗
- Section 03, Tom Doxey PSU. DEF 14A, filed 2026-03-27. Section “Grants of Plan-Based Awards in Fiscal 2025” · grants of plan-based awards table. View filing ↗
- Section 03, Anthony Roach PSU. DEF 14A, filed 2026-03-27. Section “Grants of Plan-Based Awards in Fiscal 2025” · grants of plan-based awards table. View filing ↗
- Section 03, Justin Jones PSU. DEF 14A, filed 2026-03-27. Section “Grants of Plan-Based Awards in Fiscal 2025” · grants of plan-based awards table. View filing ↗
- Section 03, Andrew Watterson PSU. DEF 14A, filed 2026-03-27. Section “Grants of Plan-Based Awards in Fiscal 2025” · grants of plan-based awards table. View filing ↗
- Section 03, Robert Jordan PSU. DEF 14A, filed 2026-03-27. Section “Grants of Plan-Based Awards in Fiscal 2025” · grants of plan-based awards table. View filing ↗
- Section 03, Tammy Romo PSU. DEF 14A, filed 2026-03-27. Section “Grants of Plan-Based Awards in Fiscal 2025” · grants of plan-based awards table. View filing ↗
- Section 03, Anthony Roach PSU. DEF 14A, filed 2026-03-27. Section “Grants of Plan-Based Awards in Fiscal 2025” · grants of plan-based awards table. View filing ↗
- Section 03, Anthony Roach PSU. DEF 14A, filed 2026-03-27. Section “Grants of Plan-Based Awards in Fiscal 2025” · grants of plan-based awards table. View filing ↗
- Section 03, Justin Jones RSU. DEF 14A, filed 2026-03-27. Section “Grants of Plan-Based Awards in Fiscal 2025” · grants of plan-based awards table. View filing ↗
- Section 03, Robert Jordan RSU. DEF 14A, filed 2026-03-27. Section “Grants of Plan-Based Awards in Fiscal 2025” · grants of plan-based awards table. View filing ↗
- Section 03, Andrew Watterson RSU. DEF 14A, filed 2026-03-27. Section “Grants of Plan-Based Awards in Fiscal 2025” · grants of plan-based awards table. View filing ↗
- Section 03, Anthony Roach RSU. DEF 14A, filed 2026-03-27. Section “Grants of Plan-Based Awards in Fiscal 2025” · grants of plan-based awards table. View filing ↗
- Section 03, Tom Doxey PSU. DEF 14A, filed 2026-03-27. Section “Grants of Plan-Based Awards in Fiscal 2025” · grants of plan-based awards table. View filing ↗
- Section 03, Tom Doxey RSU. DEF 14A, filed 2026-03-27. Section “Grants of Plan-Based Awards in Fiscal 2025” · grants of plan-based awards table. View filing ↗
- Section 03, Anthony Roach RSU. DEF 14A, filed 2026-03-27. Section “Grants of Plan-Based Awards in Fiscal 2025” · grants of plan-based awards table. View filing ↗
- Section 03, Robert Jordan PSU. DEF 14A, filed 2026-03-27. Section “Grants of Plan-Based Awards in Fiscal 2025” · grants of plan-based awards table. View filing ↗
- Section 03, Tammy Romo RSU. DEF 14A, filed 2026-03-27. Section “Grants of Plan-Based Awards in Fiscal 2025” · grants of plan-based awards table. View filing ↗
- Section 07, pay ratio. DEF 14A, filed 2026-03-27. Section “CEO Pay Ratio”. As printed: 173.3 : 1. View filing ↗
- Section 08, Rakesh Gangwal. DEF 14A, filed 2026-03-27. Section “Director Compensation”. As printed: 402,681. View filing ↗
- Section 08, Douglas H. Brooks. DEF 14A, filed 2026-03-27. Section “Director Compensation”. As printed: 390,277. View filing ↗
- Section 08, Gregg A. Saretsky. DEF 14A, filed 2026-03-27. Section “Director Compensation”. As printed: 320,017. View filing ↗
- Section 08, Lisa M. Atherton. DEF 14A, filed 2026-03-27. Section “Director Compensation”. As printed: 309,017. View filing ↗
- Section 08, David P. Hess. DEF 14A, filed 2026-03-27. Section “Director Compensation”. As printed: 305,017. View filing ↗
- Section 08, Christopher P. Reynolds. DEF 14A, filed 2026-03-27. Section “Director Compensation”. As printed: 302,517. View filing ↗
- Section 08, Pierre R. Breber. DEF 14A, filed 2026-03-27. Section “Director Compensation”. As printed: 300,092. View filing ↗
- Section 08, David J. Grissen. DEF 14A, filed 2026-03-27. Section “Director Compensation”. As printed: 292,476. View filing ↗
- Section 08, C. David Cush. DEF 14A, filed 2026-03-27. Section “Director Compensation”. As printed: 285,017. View filing ↗
- Section 08, Robert L. Fornaro. DEF 14A, filed 2026-03-27. Section “Director Compensation”. As printed: 285,017. View filing ↗
- Section 08, Sarah E. Feinberg. DEF 14A, filed 2026-03-27. Section “Director Compensation”. As printed: 282,517. View filing ↗
- Section 08, Patricia A. Watson. DEF 14A, filed 2026-03-27. Section “Director Compensation”. As printed: 280,017. View filing ↗
- Section 08, Elaine Mendoza. DEF 14A, filed 2026-03-27. Section “Director Compensation”. As printed: 63,027. View filing ↗
- Section 08, Eduardo F. Conrado. DEF 14A, filed 2026-03-27. Section “Director Compensation”. As printed: 58,527. View filing ↗
- Section 08, Robert E. Jordan. DEF 14A, filed 2026-03-27. Section “Director Compensation”. As printed: 0. View filing ↗
- Section 02, Lisa M. Atherton 2026-04-07. Form 4, filed 2026-04-08. Insider equity transaction reported since the proxy statement. View filing ↗
- Section 02, Patricia A. Watson 2026-05-07. Form 4, filed 2026-05-11. Insider equity transaction reported since the proxy statement. View filing ↗
- Section 02, David J. Grissen 2026-05-07. Form 4, filed 2026-05-11. Insider equity transaction reported since the proxy statement. View filing ↗
- Section 02, David P. Hess 2026-05-07. Form 4, filed 2026-05-11. Insider equity transaction reported since the proxy statement. View filing ↗
- Section 02, Christopher P. Reynolds 2026-05-07. Form 4, filed 2026-05-11. Insider equity transaction reported since the proxy statement. View filing ↗
- Section 02, Sarah E. Feinberg 2026-05-07. Form 4, filed 2026-05-11. Insider equity transaction reported since the proxy statement. View filing ↗
- Section 02, Pierre R. Breber 2026-05-07. Form 4, filed 2026-05-11. Insider equity transaction reported since the proxy statement. View filing ↗
- Section 02, Lisa M. Atherton 2026-05-07. Form 4, filed 2026-05-11. Insider equity transaction reported since the proxy statement. View filing ↗
- Section 02, Douglas H. Brooks 2026-05-07. Form 4, filed 2026-05-11. Insider equity transaction reported since the proxy statement. View filing ↗
- Section 02, Robert L. Fornaro 2026-05-07. Form 4, filed 2026-05-11. Insider equity transaction reported since the proxy statement. View filing ↗
- Section 02, Andrew Watterson 2026-08-05. Form 4, filed 2026-08-07. Insider equity transaction reported since the proxy statement. View filing ↗
- Section 02, Justin Jones 2026-08-05. Form 4, filed 2026-08-07. Insider equity transaction reported since the proxy statement. View filing ↗
- Section 02, Tom Doxey 2026-08-05. Form 4, filed 2026-08-07. Insider equity transaction reported since the proxy statement. View filing ↗
- Section 02, Lauren Tauscher Woods 2026-08-05. Form 4, filed 2026-08-07. Insider equity transaction reported since the proxy statement. View filing ↗
- Section 02, Anthony Roach 2026-08-05. Form 4, filed 2026-08-07. Insider equity transaction reported since the proxy statement. View filing ↗
- Section 02, Robert E. Jordan 2026-08-05. Form 4, filed 2026-08-07. Insider equity transaction reported since the proxy statement. View filing ↗
- Section 02, Jason T. Liberty 2026-08-10. Form 4, filed 2026-08-11. Insider equity transaction reported since the proxy statement. View filing ↗
- Section 02, Varun Krishna 2026-08-10. Form 4, filed 2026-08-11. Insider equity transaction reported since the proxy statement. View filing ↗
- Section 02, Jimmy Ryan Martinez 2026-08-21. Form 4, filed 2026-08-25. Insider equity transaction reported since the proxy statement. View filing ↗
- Section 02, Jimmy Ryan Martinez 2026-09-15. Form 4, filed 2026-09-17. Insider equity transaction reported since the proxy statement. View filing ↗
- Section 06, 2026 vote. Form 8-K, filed 2026-05-11. Item 5.07 · say-on-pay result. As reported: 96.44% (votes for as printed: 364,384,778). View filing ↗
- Section 06, 2025 vote. Form 8-K, filed 2025-05-19. Item 5.07 · say-on-pay result. As reported: 93.96% (votes for as printed: 401,418,268). View filing ↗
- Section 06, 2024 vote. Form 8-K, filed 2024-05-20. Item 5.07 · say-on-pay result. As reported: 77.68% (votes for as printed: 339,780,020). View filing ↗
- Section 01 trend, Δ column (computed). Computed. Δ = current-FY total − prior-FY total per named officer.
- Section 03b vehicle mix (computed). Computed. RSU / PSU / Options grant-date fair values summed per officer from the grants table; % performance-vested = PSU ÷ (RSU+PSU+Options).
- Section 09b board cost (computed). Computed. Cash 1,836,012 + equity 2,040,204 + all other 0 = 3,876,216, summed across the director compensation table rows.
- United Airlines Holdings, Inc., Section 10b CEO total. DEF 14A, filed 2026-04-07. CEO total compensation as printed in United Airlines Holdings, Inc.'s own proxy. As printed: 32,282,253. View filing ↗
- Delta Air Lines, Inc., Section 10b CEO total. DEF 14A, filed 2026-04-24. CEO total compensation as printed in Delta Air Lines, Inc.'s own proxy. As printed: 19,222,401. View filing ↗
- Southwest Airlines Co (subject), Section 10b CEO total. DEF 14A, filed 2026-03-27. CEO total compensation as printed in Southwest Airlines Co's own proxy. As printed: 16,587,882. View filing ↗
- American Airlines Group Inc., Section 10b CEO total. DEF 14A, filed 2026-04-28. CEO total compensation as printed in American Airlines Group Inc.'s own proxy. As printed: 13,871,825. View filing ↗
- Alaska Air Group, Inc., Section 10b CEO total. DEF 14A, filed 2026-03-30. CEO total compensation as printed in Alaska Air Group, Inc.'s own proxy. As printed: 9,904,339. View filing ↗
- JetBlue Airways Corporation, Section 10b CEO total. DEF 14A, filed 2026-04-02. CEO total compensation as printed in JetBlue Airways Corporation's own proxy. As printed: 5,191,318. View filing ↗
- Section 10a, Delta Air Lines, Inc. reciprocity. DEF 14A. Delta Air Lines, Inc. names Southwest Airlines Co in its own disclosed peer group (read from its most recent proxy). View filing ↗
- Section 10a, American Airlines Group Inc. reciprocity. DEF 14A. American Airlines Group Inc. names Southwest Airlines Co in its own disclosed peer group (read from its most recent proxy). View filing ↗
- Section 10a, United Airlines Holdings, Inc. reciprocity. DEF 14A. United Airlines Holdings, Inc. names Southwest Airlines Co in its own disclosed peer group (read from its most recent proxy). View filing ↗
- Section 10a, Alaska Air Group, Inc. reciprocity. DEF 14A. Alaska Air Group, Inc. names Southwest Airlines Co in its own disclosed peer group (read from its most recent proxy). View filing ↗
- Section 10a, JetBlue Airways Corporation reciprocity. DEF 14A. JetBlue Airways Corporation names Southwest Airlines Co in its own disclosed peer group (read from its most recent proxy). View filing ↗