Southwest Airlines (NYSE: LUV) COO receives 2,995 RSUs vesting from 2027
Rhea-AI Filing Summary
Watterson Andrew M reported acquisition or exercise transactions in this Form 4 filing.
Southwest Airlines reported that Chief Operating Officer Andrew M. Watterson received an exempt grant of 2,995 restricted stock units under the Southwest Airlines Co. Amended and Restated 2007 Equity Incentive Plan on August 5, 2026. The units will vest in three annual installments beginning on August 21, 2027, each RSU entitling him to one share of common stock upon vesting. Following this award, he is reported with 209,840 shares held directly and 18,101 shares held indirectly through a Retirement Savings Plan, which reflect exempt plan transactions.
Positive
- None.
Negative
- None.
Insider Trade Summary
Net Buyer: 2,995 shares
Net Buy
2 txns
Insider
Watterson Andrew M
Role
Chief Operating Officer
| Type | Security | Shares | Price | Value |
|---|---|---|---|---|
| Grant/Award | Common Stock F1 | 2,995 | $0.00 | $0.00 |
| holding | Common Stock F2 | -- | -- | -- |
Holdings After Transaction:
Common Stock — 209,840 shares (Direct);
Common Stock — 18,101 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: 2,995 units
Direct holdings after award: 209,840 shares
Indirect retirement plan holdings: 18,101 shares
+2 more
5 metrics
Restricted stock units granted
2,995 units
Exempt equity award to COO on 2026-08-05 under 2007 Equity Incentive Plan
Direct holdings after award
209,840 shares
Total common stock reported as held directly following the RSU grant
Indirect retirement plan holdings
18,101 shares
Common stock held indirectly by Retirement Savings Plan, reflecting exempt plan transactions
RSU vesting start date
August 21, 2027
RSUs vest with respect to one-third of the covered shares annually, beginning on this date
Transaction price per share
$0.00
Form 4 reports zero price per share for the exempt RSU acquisition
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 Southwest"
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
"restricted stock units pursuant to the Southwest Airlines Co. Amended and Restated 2007"
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 equity award did Southwest Airlines (LUV) grant to its COO Andrew M. Watterson?
Southwest Airlines granted Andrew M. Watterson an exempt award of 2,995 restricted stock units under its Amended and Restated 2007 Equity Incentive Plan on August 5, 2026, as part of his equity-based compensation.
When do Andrew M. Watterson’s new Southwest Airlines (LUV) RSUs start vesting?
The granted restricted stock units begin vesting on August 21, 2027. They vest in three annual installments, and each vested unit entitles him to receive one share of common stock of Southwest Airlines.
Were Andrew M. Watterson’s new Southwest Airlines (LUV) RSUs acquired in a market purchase?
No. The 2,995 restricted stock units were an exempt acquisition granted under the company’s Amended and Restated 2007 Equity Incentive Plan, reported with a transaction price per share of $0.00, indicating no open-market purchase.
What does the Retirement Savings Plan holding mean in this Southwest Airlines (LUV) Form 4?
The Form 4 shows 18,101 shares held indirectly by a Retirement Savings Plan. A footnote states these holdings reflect exempt transactions under the issuer’s Retirement Savings Plan, rather than discretionary market trades by the COO.