Southwest Airlines exec granted 8,568 RSUs

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.

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.

Insider Trade Summary

Grant/Award: 8,568 shares

Grant/Award 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)

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..."

FAQ

AI-generated questions and answers. How Rhea-AI works. Not financial advice.

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.

How many Southwest Airlines (LUV) shares does Justin Jones hold after this grant?

After the reported equity grant, Justin Jones directly holds 85,784 shares of Southwest Airlines common stock. This total reflects his holdings following the exempt acquisition of 8,568 restricted stock units that will settle into common shares as they vest over time.

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.

AI-generated analysis. How Rhea-AI works. Not financial advice.

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Available on EDGAR 08/07/2026 - 04:29 PM Accepted by SEC EDGAR 08/07/2026 - 04:28 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^*

Jones Justin

(Last) (First) (Middle)

2702 LOVE FIELD DRIVE

HDQ 4GC

(Street)

DALLAS TEXAS 75235

(City) (State) (Zip)

UNITED STATES

(Country)

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 & Chief Commercial Officer

2a. Foreign Trading Symbol

3. Date of Earliest Transaction (Month/Day/Year)
08/05/2026

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

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

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

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	08/05/2026		A		8,568(1)	A	$0	85,784	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. 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.

Remarks:

	/s/ Blair Hendrix, on behalf of and as attorney-in-fact for Justin Jones	08/07/2026
	** 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.
* Form 4: SEC 1474 (03-26)