Southwest Airlines (NYSE: LUV) grants CEO 28,321 restricted stock units
Rhea-AI Filing Summary
Jordan Robert E reported acquisition or exercise transactions in this Form 4 filing.
Southwest Airlines CEO & President Robert E. Jordan received a grant of 28,321 restricted stock units on August 5, 2026 under the Southwest Airlines Co. Amended and Restated 2007 Equity Incentive Plan.
The units vest in three equal annual installments beginning August 21, 2027. After the award he directly owned 534,055 shares, plus 113,768 additional shares held indirectly through a Retirement Savings Plan.
Positive
- None.
Negative
- None.
Insider Trade Summary
Net Buyer: 28,321 shares
Net Buy
2 txns
Insider
Jordan Robert E
Role
CEO & President
| Type | Security | Shares | Price | Value |
|---|---|---|---|---|
| Grant/Award | Common Stock F1 | 28,321 | $0.00 | $0.00 |
| holding | Common Stock F2 | -- | -- | -- |
Holdings After Transaction:
Common Stock — 534,055 shares (Direct);
Common Stock — 113,768 shares (Indirect, By Retirement Savings Plan)
Footnotes (2)
- F1. Reflects the exempt acquisition of restricted stock units pursuant to the Southwest Airlines Co. Amended and Restated 2007 Equity Incentive Plan. The restricted stock units will vest with respect to one-third of the shares covered thereby annually, beginning on August 21, 2027, and will entitle the reporting person to one share of common stock for each restricted stock unit that vests.
- F2. Holdings reflect exempt transactions under the Issuer's Retirement Savings Plan.
Key Figures
Restricted stock units granted: 28,321 units
Direct holdings after award: 534,055 shares
Indirect Retirement Plan holdings: 113,768 shares
+2 more
5 metrics
Restricted stock units granted
28,321 units
Grant to CEO Robert E. Jordan on August 5, 2026
Direct holdings after award
534,055 shares
Common stock directly owned following the grant
Indirect Retirement Plan holdings
113,768 shares
Common stock held via Retirement Savings Plan
Vesting start date
August 21, 2027
RSUs vest one-third annually starting on this date
Vesting schedule
One-third annually over 3 years
For the 28,321 restricted stock units granted
Key Terms
restricted stock units, Amended and Restated 2007 Equity Incentive Plan, Retirement Savings Plan
3 terms
restricted stock units financial
"Reflects the exempt acquisition of restricted stock units pursuant to the plan"
Restricted stock units are a type of company reward where employees are promised shares of stock, but they only fully own these shares after meeting certain conditions, like staying with the company for a set time. They matter because they can become valuable assets and are often used to motivate employees to help the company succeed.
Amended and Restated 2007 Equity Incentive Plan financial
"pursuant to the Southwest Airlines Co. Amended and Restated 2007 Equity Incentive Plan"
Retirement Savings Plan financial
"Holdings reflect exempt transactions under the Issuer's Retirement Savings Plan"
AI-generated analysis. How Rhea-AI works. Not financial advice.
FAQ
What insider equity grant did Southwest Airlines (LUV) report for CEO Robert E. Jordan?
Southwest reported that CEO Robert E. Jordan received a grant of 28,321 restricted stock units on August 5, 2026. The grant was issued under the Amended and Restated 2007 Equity Incentive Plan and entitles him to one share of common stock for each unit that vests.
When do Robert E. Jordan's new Southwest (LUV) restricted stock units vest?
The 28,321 restricted stock units vest in three equal annual installments beginning on August 21, 2027. Each vesting tranche converts into one share of Southwest common stock per unit, provided standard vesting conditions are met over the three-year period.
What are Robert E. Jordan's indirect Southwest (LUV) holdings through the Retirement Savings Plan?
Robert E. Jordan has 113,768 shares of Southwest common stock held indirectly through the issuer's Retirement Savings Plan. The filing notes these plan holdings reflect exempt transactions carried out within that qualified retirement arrangement.
Did Robert E. Jordan pay cash for his latest Southwest (LUV) equity award?
No cash was paid; the 28,321 restricted stock units were granted at a reported price of $0.00 per share. This indicates the award is part of his compensation under Southwest’s equity incentive plan rather than an open-market purchase.