Andrew M. Watterson - 31 Jan 2024 Form 4 Insider Report for SOUTHWEST AIRLINES CO (LUV)

Role: Chief Operating Officer
Signature: Tim Whisler, on behalf of and as attorney-in-fact for Andrew M. Watterson
Issuer symbol: LUV
Transactions as of: 31 Jan 2024
Net transactions value: $0
Form type: 4
Filing time: 02 Feb 2024, 16:31:37 UTC
Previous filing: 23 Feb 2023
Next filing: 23 Feb 2024
SEC: View on sec.gov

Transactions Table

Type	Sym	Class	Transaction	Value $	Shares	Change %	* Price $	Shares After	Date	Ownership	Footnotes
transaction	LUV	Common Stock	Award	$0	+55,203	+71%	$0.000000	132,875	31 Jan 2024	Direct	F1
transaction	LUV	Common Stock	Award	$0	+31,904	+24%	$0.000000	164,779	31 Jan 2024	Direct	F2

* 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.

Content

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.

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.