Southwest (NYSE: LUV) director awarded shares as family trusts end
Filing Impact
Filing Sentiment
Form Type
4
Rhea-AI Filing Summary
Southwest Airlines Co. director Douglas H. Brooks reported a stock award and the wind-up of prior family trust gifts. He received a grant of 4,108 shares of common stock at no cost, bringing his directly owned holdings to 84,223 shares.
Two grantor retained annuity trusts associated with Brooks each transferred 1,836 shares to his children when they terminated on December 2, 2025, for a total of 3,672 gifted shares. Remaining trust shares, including those from a dividend reinvestment plan, had previously been distributed to Brooks and are included in his direct ownership.
Positive
- None.
Negative
- None.
Insider Trade Summary
3,672 shares gifted
Mixed
4 txns
Insider
BROOKS DOUGLAS H
Role
null
| Type | Security | Shares | Price | Value |
|---|---|---|---|---|
| Grant/Award | Common Stock | 4,108 | $0.00 | -- |
| Gift | Common Stock | 1,836 | $0.00 | -- |
| Gift | Common Stock | 1,836 | $0.00 | -- |
| holding | Common Stock | -- | -- | -- |
Holdings After Transaction:
Common Stock — 84,223 shares (Direct, null);
Common Stock — 0 shares (Indirect, By grantor retained annuity trust)
Footnotes (1)
- On November 22, 2023, the reporting person contributed 8,222 shares of LUV common stock to a grantor retained annuity trust for the benefit of himself and his two adult children. Upon termination of the trust on December 2, 2025, 1,836 of the shares were transferred to the reporting person's children. The remaining 6,705 shares (which include shares acquired under an exempt Rule 16a-11 dividend reinvestment plan) were previously distributed to the reporting person and continue to be reported on this Form 4 as directly owned. On November 22, 2023, the reporting person contributed 8,221 shares of LUV common stock to a grantor retained annuity trust for the benefit of his spouse and his two adult children. Upon termination of the trust on December 2, 2025, 1,836 of the shares were transferred to the reporting person's children. The remaining 6,705 shares (which include shares acquired under an exempt Rule 16a-11 dividend reinvestment plan) were previously distributed to the reporting person's joint brokerage account and continue to be reported on this Form 4 as directly owned. Includes 1,842 shares acquired under an exempt Rule 16a-11 dividend reinvestment plan.
Key Figures
Stock grant: 4,108 shares
Direct holdings after transactions: 84,223 shares
Gifted shares from trusts: 3,672 shares
+3 more
6 metrics
Stock grant
4,108 shares
Common Stock award on May 7, 2026
Direct holdings after transactions
84,223 shares
Common Stock directly owned following grant
Gifted shares from trusts
3,672 shares
Two GRATs gifting 1,836 shares each on Dec. 2, 2025
Initial GRAT contribution
8,222 shares
LUV common stock contributed to a GRAT for Brooks and children
Second GRAT contribution
8,221 shares
LUV common stock contributed to a GRAT for spouse and children
Dividend reinvestment plan shares
1,842 shares
Acquired under exempt Rule 16a-11 dividend reinvestment plan
Key Terms
grantor retained annuity trust, bona fide gift, Rule 16a-11 dividend reinvestment plan
3 terms
grantor retained annuity trust financial
"the reporting person contributed 8,222 shares of LUV common stock to a grantor retained annuity trust for the benefit of himself and his two adult children"
A grantor retained annuity trust (GRAT) is an estate-planning tool where the person who creates the trust transfers assets into it but receives fixed cash payments (an annuity) from the trust for a set number of years; whatever remains after that term passes to designated beneficiaries. It matters to investors because it can shift future appreciation of assets out of the creator’s taxable estate—like putting an asset into a timed vending machine that pays you fixed amounts while any extra value that grows inside the machine goes to heirs with reduced gift or estate tax consequences.
bona fide gift financial
"transaction_code_description": "Bona fide gift""
A bona fide gift is a genuine, voluntary transfer of money, property, or benefits from one party to another made without expectation of repayment, services, or hidden conditions. Investors care because such gifts can affect company disclosures, related‑party transaction rules, tax treatment, and perceived conflicts of interest; think of it like someone giving you a present with no strings attached — but on a corporate scale, auditors and regulators need to verify it really is unconditional.
Rule 16a-11 dividend reinvestment plan financial
"which include shares acquired under an exempt Rule 16a-11 dividend reinvestment plan"
FAQ
What did Douglas H. Brooks report in this Southwest (LUV) Form 4 filing?
Douglas H. Brooks reported a stock award and family trust gifts involving Southwest common shares. He received 4,108 shares as a grant and now directly owns 84,223 shares, while two grantor retained annuity trusts gifted a total of 3,672 shares to his children.
Were any of Douglas H. Brooks’ Southwest (LUV) transactions open-market buys or sells?
The reported transactions were not open-market buys or sells. They consist of a 4,108-share stock grant at no cost and bona fide gifts totaling 3,672 shares from grantor retained annuity trusts to his children, plus ongoing reporting of directly held shares.