Southwest Airlines (LUV) director Jason Liberty receives 3,787-share stock grant

Rhea-AI Filing Summary

Southwest Airlines Co. director Jason T. Liberty reported a grant or award of 3,787 shares of Common Stock on 2026-08-10. The acquisition was reported at a price of $0.00 per share and increased his directly held stake to 3,787 shares.

Insider Trade Summary

Net Buyer: 3,787 shares

Net Buy 1 txn

Insider Liberty Jason T

Role Director

Type	Security	Shares	Price	Value
Grant/Award	Common Stock	3,787	$0.00	$0.00

Holdings After Transaction: Common Stock — 3,787 shares (Direct)

Key Figures

Shares granted: 3,787 shares Reported price per share: $0.00 per share Holdings after transaction: 3,787 shares

3 metrics

Shares granted 3,787 shares Grant or award of Common Stock on 2026-08-10

Reported price per share $0.00 per share Compensation-related stock award disclosure

Holdings after transaction 3,787 shares Total Common Stock directly held by Jason T. Liberty after the grant

Key Terms

Grant, award, or other acquisition, Common Stock, non-derivative

3 terms

Grant, award, or other acquisition regulatory

"transaction code description is “Grant, award, or other acquisition”"

Common Stock financial

"security title is listed as “Common Stock” for the transaction"

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.

non-derivative financial

"transaction_type is classified as “non-derivative” in the filing data"

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

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Form 4 Insider Transactions: What Each Field Means →

Available on EDGAR 08/11/2026 - 04:28 PM Accepted by SEC EDGAR 08/11/2026 - 04:28 PM Learn about SEC filing dates

FAQ

What insider transaction did Southwest Airlines (LUV) report for Jason T. Liberty?

Jason T. Liberty reported a grant or award of 3,787 shares of Southwest Airlines Common Stock on 2026-08-10, increasing his directly held position to 3,787 shares at a reported price of $0.00 per share.

Was the recent Southwest Airlines (LUV) insider transaction a purchase or a grant?

The filing shows a grant, award, or other acquisition of 3,787 shares, coded as transaction type “A,” rather than an open-market purchase, bringing Jason T. Liberty’s directly held Common Stock to 3,787 shares after the transaction.

How many Southwest Airlines (LUV) shares does Jason T. Liberty hold after this Form 4?

After the reported grant, Jason T. Liberty directly holds 3,787 shares of Southwest Airlines Common Stock. The Form 4 lists these as total shares following the transaction for his direct ownership position.

What price was reported for the Southwest Airlines (LUV) stock grant to Jason T. Liberty?

The Form 4 reports the 3,787-share grant at a price of $0.00 per share, which is typical disclosure language for compensation-related stock awards rather than market purchases of Common Stock.

Is Jason T. Liberty a director or officer of Southwest Airlines (LUV) in this Form 4?

Jason T. Liberty is identified as a director of Southwest Airlines Co. in the Form 4. He is not reported as an officer or a ten percent owner in this particular insider transaction filing.

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^*

Liberty Jason T

(Last) (First) (Middle)

2702 LOVE FIELD DRIVE

HDQ 4G

(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)
08/10/2026

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	08/10/2026		A		3,787	A	$0	3,787	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:

Remarks:

	/s/ Claire Hoedebeck, on behalf of and as attorney-in-fact for Jason T. Liberty	08/11/2026
	** 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)