Southwest Airlines (LUV) director receives 4,108-share stock award in Form 4 filing

Rhea-AI Filing Summary

Southwest Airlines Co. director David Grissen reported receiving a grant of 4,108 shares of Southwest common stock on May 7, 2026. The shares were acquired at a stated price of $0.00 per share, indicating a compensation-related award rather than an open-market purchase. Following this grant, Grissen directly holds 13,537 shares of Southwest common stock, reflecting his updated equity stake as a board member.

Insider Trade Summary

1 transaction reported

Mixed 1 txn

Insider Grissen David

Role null

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

Holdings After Transaction: Common Stock — 13,537 shares (Direct, null)

Footnotes (1)

Key Figures

Shares granted: 4,108 shares Price per share: $0.00 per share Shares held after transaction: 13,537 shares +1 more

4 metrics

Shares granted 4,108 shares Common Stock grant on May 7, 2026

Price per share $0.00 per share Stated grant price for awarded shares

Shares held after transaction 13,537 shares Total direct holdings following grant

Transaction date May 7, 2026 Date of stock award to director

Key Terms

Common Stock, Grant, award, or other acquisition, Form 4

3 terms

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.

Grant, award, or other acquisition financial

"transaction_code_description: "Grant, award, or other acquisition""

Form 4 regulatory

"INSIDER FILING DATA (Form 4)"

Form 4 is a official document that company insiders, such as executives or major shareholders, file with regulators whenever they buy or sell company shares. It provides transparency about how those with inside knowledge are trading, helping investors see if insiders are confident in the company's prospects or may be selling for personal reasons. This information can influence investor decisions by revealing insiders' perspectives on the company's value.

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^*

Grissen David

(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	13,537	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 David J. Grissen	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 David Grissen?

Southwest Airlines reported that director David Grissen received a grant of 4,108 shares of common stock. The award was recorded at $0.00 per share and is classified as a grant, award, or other acquisition, increasing his direct holdings in LUV.

How many Southwest Airlines (LUV) shares does David Grissen hold after this Form 4 filing?

After the reported grant, director David Grissen directly holds 13,537 shares of Southwest Airlines common stock. This total reflects the addition of 4,108 awarded shares on May 7, 2026, as disclosed in the Form 4 insider transaction report.

Was the Southwest Airlines (LUV) Form 4 transaction an open-market purchase or a grant?

The Form 4 shows the transaction as a grant, award, or other acquisition of 4,108 shares, not an open-market purchase. The transaction code is “A,” and the price per share is listed as $0.00, indicating compensation rather than a market trade.

What does transaction code “A” mean in the Southwest Airlines (LUV) Form 4 for David Grissen?

Transaction code “A” in this Form 4 indicates a grant, award, or other acquisition of shares. For Southwest Airlines director David Grissen, it reflects a non-derivative stock award of 4,108 common shares received on May 7, 2026, at a stated price of $0.00.

Is David Grissen’s ownership in Southwest Airlines (LUV) direct or indirect after this award?

The Form 4 lists David Grissen’s ownership as direct, coded “D” for the reported shares. After receiving 4,108 awarded shares of Southwest Airlines common stock, his directly owned position totals 13,537 shares, with no derivative holdings shown in this filing.