Mark R. Shaw - 01 Feb 2023 Form 4 Insider Report for SOUTHWEST AIRLINES CO (LUV)

Role: EVP, CL&R Officer
Signature: /s/ Tim Whisler, on behalf of and as attorney-in-fact for Mark R. Shaw
Issuer symbol: LUV
Transactions as of: 01 Feb 2023
Transactions value $: $0
Form type: 4
Filing time: 03 Feb 2023, 15:57:12 UTC
Previous filing: 23 Feb 2022
Next filing: 23 Feb 2023
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	+25.9K	+33.42%	$0.00	103K	01 Feb 2023	Direct	F1
holding	LUV	Common Stock						828	01 Feb 2023	By ProfitSharing Plan	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, 2024, and will entitle the reporting person to one share of common stock for each restricted stock unit that vests.
F2	Holdings reflect exempt transactions under the Issuer's ProfitSharing Plan.