Robert E. Jordan - 31 Jan 2024 Form 4 Insider Report for SOUTHWEST AIRLINES CO (LUV)

Signature
Tim Whisler, on behalf of and as attorney-in-fact for Robert E. Jordan
Issuer symbol
LUV
Transactions as of
31 Jan 2024
Net transactions value
$0
Form type
4
Filing time
02 Feb 2024, 16:49:20 UTC
Previous filing
01 Sep 2023
Next filing
23 Feb 2024

Transactions Table

Type Sym Class Transaction Value $ Shares Change % * Price $ Shares After Date Ownership Footnotes
transaction LUV Common Stock Award $0 +117,306 +53% $0.000000 336,640 31 Jan 2024 Direct F1
transaction LUV Common Stock Award $0 +25,651 +7.6% $0.000000 362,291 31 Jan 2024 Direct F2
holding LUV Common Stock 12,552 31 Jan 2024 By ProfitSharing Plan F3
* An asterisk sign (*) next to the price indicates that the price is likely invalid.

Explanation of Responses:

Id Content
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 February 21, 2025, and will entitle the reporting person to one share of common stock for each restricted stock unit that vests.
F2 Reflects the exempt acquisition of restricted stock units upon the satisfaction of performance criteria underlying an award of performance-based restricted stock units pursuant to the Southwest Airlines Co. Amended and Restated 2007 Equity Incentive Plan. The restricted stock units will vest on February 21, 2024, and will entitle the reporting person to one share of common stock for each restricted stock unit that vests.
F3 Holdings reflect exempt transactions under the Issuer's ProfitSharing Plan.