Tom Doxey - 14 Mar 2025 Form 4 Insider Report for SOUTHWEST AIRLINES CO (LUV)

Role: EVP, Chief Financial Officer
Signature: /s/ Tim Whisler, on behalf of and as attorney-in-fact for Tom Doxey
Issuer symbol: LUV
Transactions as of: 14 Mar 2025
Net transactions value: $0
Form type: 4
Filing time: 18 Mar 2025, 17:00:57 UTC
Previous filing: 10 Mar 2025
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	+47,274		$0.000000	47,274	14 Mar 2025	Direct	F1
transaction	LUV	Common Stock	Award	$0	+40,774	+86%	$0.000000	88,048	14 Mar 2025	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 as a sign on bonus 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 March 21, 2026, 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 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 March 21, 2026, 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 as a sign on bonus 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 March 21, 2026, 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 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 March 21, 2026, and will entitle the reporting person to one share of common stock for each restricted stock unit that vests.