Southwest Airlines (NYSE: LUV) director receives 4,108-share stock grant

Rhea-AI Filing Summary

Feinberg Sarah reported acquisition or exercise transactions in this Form 4 filing.

Southwest Airlines director Sarah Feinberg reported a new stock grant. On May 7, 2026, she received an award of 4,108 shares of Southwest Airlines common stock at a stated price of $0.00 per share, reflecting compensation rather than an open-market purchase.

Following this award, Feinberg directly owns 18,337 shares of common stock. The filing also reports an additional 268 shares held indirectly through her domestic partner, showing a small separate holding classified as indirect ownership.

Insider Trade Summary

2 transactions reported

Mixed 2 txns

Insider Feinberg Sarah

Role null

Type	Security	Shares	Price	Value
Grant/Award	Common Stock	4,108	$0.00	--
holding	Common Stock	--	--	--

Holdings After Transaction: Common Stock — 18,337 shares (Direct, null); Common Stock — 268 shares (Indirect, By domestic partner)

Footnotes (1)

Key Figures

Stock grant size: 4,108 shares Grant price: $0.00 per share Direct holdings after grant: 18,337 shares +1 more

4 metrics

Stock grant size 4,108 shares Common Stock award on May 7, 2026

Grant price $0.00 per share Stated price for 4,108-share award

Direct holdings after grant 18,337 shares Total common shares directly owned after transaction

Indirect holdings 268 shares Common shares held indirectly by domestic partner

Key Terms

grant/award acquisition, indirect ownership, Common Stock, total shares following transaction

4 terms

grant/award acquisition financial

"transaction_action": "grant/award acquisition""

indirect ownership financial

""ownership_type": "indirect""

Common Stock financial

""security_title": "Common Stock""

Common stock represents ownership shares in a company, giving investors a stake in its success and a say in important decisions through voting rights. It is the most common type of stock traded on markets and can provide income through dividends, as well as potential for value growth. For investors, holding common stock means sharing in the company’s profits and risks.

total shares following transaction financial

""total_shares_following_transaction": "18337.0000""

Form 4 Insider Transactions: What Each Field Means →

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^*

Feinberg Sarah

(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)

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

2a. Foreign Trading Symbol

3. Date of Earliest Transaction (Month/Day/Year)
05/07/2026

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	05/07/2026		A		4,108	A	$0	18,337	D
Common Stock								268	I	By domestic partner

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:

Remarks:

	/s/ Claire Hoedebeck, on behalf of and as attorney-in-fact for Sarah Feinberg	05/11/2026
	** 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)

FAQ

What insider transaction did Southwest Airlines (LUV) report for Sarah Feinberg?

Sarah Feinberg reported receiving a stock award of 4,108 Southwest Airlines common shares. The grant was recorded at $0.00 per share as compensation, not an open-market purchase, and increased her direct ownership reported in this Form 4 filing.

How many Southwest Airlines (LUV) shares does Sarah Feinberg now hold?

After the reported grant, Sarah Feinberg directly holds 18,337 Southwest Airlines common shares. The filing also lists 268 additional shares as indirectly owned through her domestic partner, providing a view of both direct and indirect positions.

Was Sarah Feinberg’s Southwest Airlines (LUV) transaction a purchase or a grant?

The transaction was classified as a grant or award acquisition, not an open-market purchase. She received 4,108 common shares at a stated price of $0.00 per share, indicating equity compensation rather than buying shares in the market.

Does the Southwest Airlines (LUV) Form 4 show any insider share sales by Sarah Feinberg?

The Form 4 does not report any share sales by Sarah Feinberg. It records a grant of 4,108 common shares and an indirect holding entry of 268 shares, with no transactions flagged as disposals or sales in the summarized data.

What indirect Southwest Airlines (LUV) holdings are reported for Sarah Feinberg?

The filing shows 268 Southwest Airlines common shares held indirectly for Sarah Feinberg. These are classified as owned "by domestic partner," distinguishing them from her 18,337 directly held shares and clarifying the nature of this smaller position.