Southwest Airlines (NYSE: LUV) EVP logs tax-related share disposition

Rhea-AI Filing Summary

Southwest Airlines executive Lauren Tauscher Woods, EVP & CIO, reported a tax-withholding disposition of 4,585 shares of common stock on February 21, 2026. The shares were valued at $52.09 per share for this transaction.

After this Form 4 event, Woods directly held 30,110.216 shares of Southwest Airlines common stock. Her holdings include shares previously acquired through exempt transactions under the company’s employee stock purchase plan.

Insider Trade Summary

1 transaction reported

Mixed 1 txn

Insider Woods Lauren Tauscher

Role EVP & CIO

Type	Security	Shares	Price	Value
Tax Withholding	Common Stock	4,585	$52.09	$239K

Holdings After Transaction: Common Stock — 30,110.216 shares (Direct)

Footnotes (1)

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Form 4 Insider Transactions: What Each Field Means →

Accepted by SEC EDGAR 02/24/2026 - 05:10 PM Learn about SEC filing dates

SEC Form 4

FORM 4

UNITED STATES SECURITIES AND EXCHANGE COMMISSION
Washington, D.C. 20549

STATEMENT OF CHANGES IN BENEFICIAL OWNERSHIP

Filed pursuant to Section 16(a) of the Securities Exchange Act of 1934
or Section 30(h) of the Investment Company Act of 1940

OMB APPROVAL

OMB Number:			3235-0287
Estimated average burden
hours per response:			0.5

Check this box if no longer subject to Section 16. Form 4 or Form 5 obligations may continue. See Instruction 1(b).

Check this box to indicate that a transaction was made pursuant to a contract, instruction or written plan for the purchase or sale of equity securities of the issuer that is intended to satisfy the affirmative defense conditions of Rule 10b5-1(c). See Instruction 10.

1. Name and Address of Reporting Person^*

Woods Lauren Tauscher

(Last) (First) (Middle)

2702 LOVE FIELD DRIVE

HDQ 4GC

(Street)

DALLAS TX 75235

(City) (State) (Zip)

2. Issuer Name and Ticker or Trading Symbol
SOUTHWEST AIRLINES CO [ LUV ]

5. Relationship of Reporting Person(s) to Issuer
(Check all applicable)

	Director		10% Owner
X	Officer (give title below)		Other (specify below)
	EVP & CIO

3. Date of Earliest Transaction (Month/Day/Year)
02/21/2026

4. If Amendment, Date of Original Filed (Month/Day/Year)

6. Individual or Joint/Group Filing (Check Applicable Line)

X	Form filed by One Reporting Person
	Form filed by More than One Reporting Person

Table I - Non-Derivative Securities Acquired, Disposed of, or Beneficially Owned
1. Title of Security (Instr. 3)	2. Transaction Date (Month/Day/Year)	2A. Deemed Execution Date, if any (Month/Day/Year)	3. Transaction Code (Instr. 8)		4. Securities Acquired (A) or Disposed Of (D) (Instr. 3, 4 and 5)			5. Amount of Securities Beneficially Owned Following Reported Transaction(s) (Instr. 3 and 4)	6. Ownership Form: Direct (D) or Indirect (I) (Instr. 4)	7. Nature of Indirect Beneficial Ownership (Instr. 4)
			Code	V	Amount	(A) or (D)	Price
Common Stock	02/21/2026		F		4,585	D	$52.09	30,110.216(1)	D

Table II - Derivative Securities Acquired, Disposed of, or Beneficially Owned (e.g., puts, calls, warrants, options, convertible securities)
1. Title of Derivative Security (Instr. 3)	2. Conversion or Exercise Price of Derivative Security	3. Transaction Date (Month/Day/Year)	3A. Deemed Execution Date, if any (Month/Day/Year)	4. Transaction Code (Instr. 8)		5. Number of Derivative Securities Acquired (A) or Disposed of (D) (Instr. 3, 4 and 5)		6. Date Exercisable and Expiration Date (Month/Day/Year)		7. Title and Amount of Securities Underlying Derivative Security (Instr. 3 and 4)		8. Price of Derivative Security (Instr. 5)	9. Number of derivative Securities Beneficially Owned Following Reported Transaction(s) (Instr. 4)	10. Ownership Form: Direct (D) or Indirect (I) (Instr. 4)	11. Nature of Indirect Beneficial Ownership (Instr. 4)
				Code	V	(A)	(D)	Date Exercisable	Expiration Date	Title	Amount or Number of Shares

Explanation of Responses:

1. Holdings include shares previously acquired through exempt transactions pursuant to the Issuer's employee stock purchase plan.

Remarks:

	/s/ Claire Hoedebeck, on behalf of and as attorney-in-fact for Lauren Tauscher Woods	02/24/2026
	** Signature of Reporting Person	Date
Reminder: Report on a separate line for each class of securities beneficially owned directly or indirectly.
* If the form is filed by more than one reporting person, see Instruction 4 (b)(v).
** Intentional misstatements or omissions of facts constitute Federal Criminal Violations See 18 U.S.C. 1001 and 15 U.S.C. 78ff(a).
Note: File three copies of this Form, one of which must be manually signed. If space is insufficient, see Instruction 6 for procedure.
Persons who respond to the collection of information contained in this form are not required to respond unless the form displays a currently valid OMB Number.

FAQ

What insider transaction did Southwest (LUV) EVP Lauren Tauscher Woods report?

Lauren Tauscher Woods reported a tax-withholding disposition of 4,585 shares of Southwest Airlines common stock. The transaction used shares to cover tax obligations related to equity compensation, rather than an open-market purchase or sale.

On what date did Lauren Tauscher Woods’s Form 4 transaction in LUV shares occur?

The Form 4 transaction for Lauren Tauscher Woods occurred on February 21, 2026. This date reflects when the 4,585-share tax-withholding disposition of Southwest Airlines common stock was executed and recorded for insider reporting purposes.

What price per share was used in Lauren Tauscher Woods’s LUV stock transaction?

The tax-withholding disposition by Lauren Tauscher Woods used a price of $52.09 per Southwest Airlines share. This per-share value is applied for reporting the value of the 4,585 shares delivered to satisfy tax obligations.

How many Southwest (LUV) shares does Lauren Tauscher Woods hold after the transaction?

Following the reported transaction, Lauren Tauscher Woods directly holds 30,110.216 shares of Southwest Airlines common stock. These holdings include shares previously acquired through exempt transactions under the company’s employee stock purchase plan.

What does transaction code F mean in Lauren Tauscher Woods’s LUV Form 4?

Transaction code F indicates a payment of an exercise price or tax liability by delivering securities. In this case, 4,585 Southwest Airlines shares were used to satisfy tax obligations rather than being sold in an open-market transaction.