Southwest Airlines Co (NYSE: LUV) awards 8,568 RSUs to EVP
Rhea-AI Filing Summary
Southwest Airlines Co EVP & Chief Commercial Officer Justin Jones received a grant of 8,568 restricted stock units on August 5, 2026 under the Southwest Airlines Co. Amended and Restated 2007 Equity Incentive Plan. The units vest in one-third increments annually beginning August 21, 2027 and convert into one share of common stock per unit upon vesting. Following this award, Jones directly holds 85,784 shares of Southwest Airlines common stock.
Positive
- None.
Negative
- None.
Insider Trade Summary
Net Buyer: 8,568 shares
Net Buy
1 txn
Insider
Jones Justin
Role
EVP & Chief Commercial Officer
| Type | Security | Shares | Price | Value |
|---|---|---|---|---|
| Grant/Award | Common Stock F1 | 8,568 | $0.00 | $0.00 |
Holdings After Transaction:
Common Stock — 85,784 shares (Direct)
Footnotes (1)
- 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.
Key Figures
Restricted stock units granted: 8,568 units
Grant price: $0.0000 per share
Shares held after transaction: 85,784 shares
3 metrics
Restricted stock units granted
8,568 units
Equity award to Justin Jones on August 5, 2026
Grant price
$0.0000 per share
Exempt acquisition of restricted stock units
Shares held after transaction
85,784 shares
Direct Southwest Airlines common stock holdings of Justin Jones after the award
Key Terms
restricted stock units, Amended and Restated 2007 Equity Incentive Plan, vest, exempt acquisition
4 terms
restricted stock units financial
"Reflects the exempt acquisition of restricted stock units pursuant to the..."
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..."
vest financial
"The restricted stock units will vest with respect to one-third of the shares..."
A vest is the process by which an employee earns the right to receive certain benefits or ownership interests, such as stock or retirement funds, over time. It’s similar to earning a reward gradually, ensuring that the benefit becomes fully yours only after a set period or meeting specific conditions. This makes it important for investors because it determines when they can actually claim or use those benefits.
exempt acquisition financial
"Reflects the exempt acquisition of restricted stock units pursuant to the..."
AI-generated analysis. How Rhea-AI works. Not financial advice.
FAQ
What insider transaction did Southwest Airlines (LUV) report for Justin Jones?
Southwest Airlines reported that EVP & Chief Commercial Officer Justin Jones received an equity grant of 8,568 restricted stock units on August 5, 2026. The award was made under the company’s Amended and Restated 2007 Equity Incentive Plan as compensation, not as an open-market stock purchase.
How many restricted stock units did Justin Jones receive from Southwest Airlines (LUV)?
Justin Jones received 8,568 restricted stock units from Southwest Airlines as an exempt acquisition. Each restricted stock unit entitles him to receive one share of common stock upon vesting, effectively increasing his potential future ownership as the units convert into shares over time.
When will Justin Jones’ Southwest Airlines (LUV) restricted stock units vest?
The restricted stock units will vest in one-third increments annually, beginning on August 21, 2027. As each tranche vests, Jones will be entitled to receive one share of Southwest Airlines common stock for every vested restricted stock unit covered by the award.
Was Justin Jones’ Southwest Airlines (LUV) equity grant under a Rule 10b5-1 trading plan?
The filing’s Rule 10b5-1 checkbox was not marked as affirmative, indicating the transaction was not reported as made under a Rule 10b5-1 trading plan. The grant is described instead as an exempt acquisition of restricted stock units under the company’s equity incentive plan.