Attorney-In-Fact Jimmy Ryan Martinez - 01 Apr 2025 Form 3 Insider Report for SOUTHWEST AIRLINES CO (LUV)

Role: Principal Accounting Officer
Signature: /s/ Tim Whisler, on behalf of and as attorney-in-fact for Jimmy Ryan Martinez
Issuer symbol: LUV
Transactions as of: 01 Apr 2025
Net transactions value: $0
Form type: 3
Filing time: 07 Apr 2025, 15:06:19 UTC
Next filing: 25 Aug 2025
SEC: View on sec.gov

Transactions Table

Type	Sym	Class	Transaction	Value $	Shares	Change %	* Price $	Shares After	Date	Ownership	Footnotes
holding	LUV	Common Stock						20,952	01 Apr 2025	Direct	F1
holding	LUV	Common Stock						923	01 Apr 2025	By Retirement Savings Plan	F2

* An asterisk sign (*) next to the price indicates that the price is likely invalid.

Explanation of Responses:

Id	Content
F1	Holdings include 18,803 restricted stock units previously granted pursuant to the Southwest Airlines Co. Amended and Restated 2007 Equity Incentive Plan, which will entitle the reporting person to one share of common stock for each restricted stock unit that vests. The restricted stock units will vest as follows: 483 shares on August 21, 2025; 7,170 shares on February 21, 2026; 482 shares on August 21, 2026; 7,112 shares on February 21, 2027; and 3,556 shares on February 21, 2028.
F2	Holdings reflect exempt transactions under the Issuer's Retirement Savings Plan.

Content

Holdings include 18,803 restricted stock units previously granted pursuant to the Southwest Airlines Co. Amended and Restated 2007 Equity Incentive Plan, which will entitle the reporting person to one share of common stock for each restricted stock unit that vests. The restricted stock units will vest as follows: 483 shares on August 21, 2025; 7,170 shares on February 21, 2026; 482 shares on August 21, 2026; 7,112 shares on February 21, 2027; and 3,556 shares on February 21, 2028.

Holdings reflect exempt transactions under the Issuer's Retirement Savings Plan.