LUV · Southwest Airlines Co

$44.26 -0.61 (-1.36%) At close · Aug 14

Market Cap

$21.65B

489.21M

Named-executive compensation from the company's DEF 14A proxy statements — salary, bonus, stock and option awards, non-equity incentive, and the company-reported total per executive per fiscal year, exactly as disclosed in the Summary Compensation Table.

Fiscal 2025

Executive	Role	Salary	Bonus	Stock Awards	Option Awards	Incentive	Other	Total
Robert E. Jordan	Chief Executive Officer & President	$844,792	—	$13,075,072	—	$2,031,160	$636,858	$16,587,882
Tom Doxey	Executive Vice President & Chief Financial Officer	$467,188	$500,000	$7,260,522	—	$790,250	$127,561	$9,145,521
Andrew Watterson	Chief Operating Officer	$675,833	—	$6,573,017	—	$1,218,696	$317,629	$8,785,175
Justin Jones	Executive Vice President Operations	$535,625	—	$4,083,855	—	$879,074	$144,784	$5,643,338
Anthony Roach	Executive Vice President Chief Customer & Brand Officer Tammy Romo\ Former Executive Vice President & Chief Financial Officer	$489,583	—	$3,653,846	—	$748,550	$43,308	$4,935,287

Fiscal 2024

Executive	Role	Salary	Bonus	Stock Awards	Option Awards	Incentive	Other	Total
Robert E. Jordan	Chief Executive Officer & President	$798,958	—	$7,012,553	—	$2,108,600	$642,273	$10,562,384
Andrew Watterson	Chief Operating Officer	$642,292	—	$3,300,035	—	$1,210,460	$311,696	$5,464,483

Fiscal 2023

Executive	Role	Salary	Bonus	Stock Awards	Option Awards	Incentive	Other	Total
Robert E. Jordan	Chief Executive Officer & President	$700,000	—	$4,105,004	—	$4,096,504	$405,791	$9,307,298
Gary C. Kelly	Executive Chairman of the Board	$475,000	—	$3,800,011	—	$4,337,688	$446,279	$9,058,978
Tammy Romo	Executive Vice President & Chief Financial Officer	$536,700	—	$1,975,185	—	$2,748,910	$368,773	$5,629,568
Andrew Watterson	Chief Operating Officer	$575,000	—	$2,232,006	—	$1,892,268	$315,611	$5,014,885
Mark R. Shaw	Executive Vice President & Chief Legal & Regulatory Officer and Corporate Secretary	$494,400	—	$1,845,634	—	$1,637,786	$203,436	$4,181,256

Fiscal 2022

Executive	Role	Salary	Bonus	Stock Awards	Option Awards	Incentive	Other	Total
Robert E. Jordan	Chief Executive Officer & President	$676,875	$195,720	$3,626,960	—	$782,880	$51,525	$5,333,960
Gary C. Kelly	Executive Chairman of the Board	$509,375	$132,810	$3,624,972	—	$531,240	$129,780	$5,069,203
Michael G. Van de Ven	Former President & Chief Operating Officer\ \ \	$583,962	$122,905	$1,794,459	—	$491,622	$52,297	$3,045,245
Tammy Romo	Executive Vice President & Chief Financial Officer	$534,737	$101,292	$1,691,178	—	$405,166	$48,730	$2,781,103
Andrew Watterson	Chief Operating Officer	$538,754	$110,535	$1,450,188	—	$442,140	$47,694	$2,589,311
Mark R. Shaw	Executive Vice President & Chief Legal & Regulatory Officer and Corporate Secretary	$492,600	$82,941	$1,619,613	—	$331,763	$46,659	$2,573,576

Fiscal 2021

Executive	Role	Salary	Bonus	Stock Awards	Option Awards	Incentive	Other	Total
Gary C. Kelly	Executive Chairman of the Board	$643,750	$201,016	$3,945,578	—	$787,984	$113,223	$5,819,756
Michael G. Van de Ven	Former President & Chief Operating Officer\ \ \	$564,258	$129,948	$2,100,988	—	$509,396	$84,062	$3,388,652
Thomas M. Nealon	—	$564,258	$129,948	$2,100,988	—	$509,396	$84,062	$3,388,652
Tammy Romo	Executive Vice President & Chief Financial Officer	$516,658	$104,898	$1,957,521	—	$411,199	$76,048	$3,066,324
Robert E. Jordan	Chief Executive Officer & President	$510,709	$103,481	$1,954,029	—	$405,645	$75,472	$3,049,336
Chief Operating	Officer\ \ \ \	$487,512	$94,668	$1,800,089	—	$371,098	$69,650	$2,823,017
Andrew Watterson	Chief Operating Officer	$487,512	$94,668	$1,800,089	—	$371,098	$69,650	$2,823,017

Fiscal 2020

Executive	Role	Salary	Bonus	Stock Awards	Option Awards	Incentive	Other	Total
Gary C. Kelly	Executive Chairman of the Board & former Chief Executive Officer\ \	$562,500	$300,000	$7,125,017	—	$1,104,000	$36,365	$9,235,103
Michael G. Van de Ven	Former President & Chief Operating Officer\ \ \	$486,267	$170,700	$3,092,540	—	$628,176	$26,000	$4,403,683
Strategic Advisor	& Former President\ \ \ \	$486,267	$170,700	$3,092,540	—	$628,176	$26,000	$4,403,683
Thomas M. Nealon	President	$486,267	$170,700	$3,092,540	—	$628,176	$26,000	$4,403,683
Tammy Romo	Executive Vice President & Chief Financial Officer	$445,192	$140,670	$2,509,532	—	$517,666	$26,000	$3,639,060
Robert E. Jordan	Chief Executive Officer & President\	$440,167	$139,050	$2,482,452	—	$511,704	$26,000	$3,599,373

Fiscal 2019

Executive	Role	Salary	Bonus	Stock Awards	Option Awards	Incentive	Other	Total
Gary C. Kelly	Chairman of the Board & Chief Executive Officer	$750,000	$300,000	$6,374,951	—	$967,200	$289,782	$8,771,124
Michael G. Van de Ven	President & Chief Operating Officer\ \	$549,875	$149,040	$2,484,028	—	$480,505	$175,540	$3,838,988
Chief Operating	Officer	$549,875	$149,040	$2,484,028	—	$480,505	$175,540	$3,838,988
Thomas M. Nealon	President	$549,875	$149,040	$2,484,028	—	$480,505	$175,540	$3,838,988
Strategic Advisor	& Former President\ \ \ \	$549,875	$149,040	$2,484,028	—	$480,505	$175,540	$3,838,988
Tammy Romo	Executive Vice President & Chief Financial Officer	$503,125	$121,200	$2,019,969	—	$390,749	$154,330	$3,189,373
Robert E. Jordan	Chief Executive Officer\ \ \	$498,125	$120,000	$1,999,962	—	$386,880	$152,088	$3,157,055

Fiscal 2018

Executive	Role	Salary	Bonus	Stock Awards	Option Awards	Incentive	Other	Total
Gary C. Kelly	Chairman of the Board & Chief Executive Officer	$750,000	$300,000	$5,250,019	—	$1,118,400	$235,324	$7,726,455
Thomas M. Nealon	President	$533,125	$144,450	$2,407,497	—	$538,510	$151,711	$3,775,293
Chief Operating	Officer	$533,125	$144,450	$2,407,497	—	$538,510	$151,618	$3,775,200
Tammy Romo	Executive Vice President & Chief Financial Officer	$488,125	$117,600	$1,960,010	—	$438,413	$135,028	$3,139,176
Robert E. Jordan	Executive Vice President Corporate Services	$483,125	$116,400	$1,940,006	—	$433,940	$133,264	$3,106,735

Fiscal 2017

Executive	Role	Salary	Bonus	Stock Awards	Option Awards	Incentive	Other	Total
Gary C. Kelly	Chairman of the Board & Chief Executive Officer	$740,625	$238,300	$5,250,010	—	$949,200	$323,802	$7,560,200
Chief Operating	Officer	$514,375	$127,922	$2,079,988	—	$507,686	$219,516	$3,449,487
Thomas M. Nealon	President	$512,500	$127,922	$2,079,988	—	$507,686	$171,337	$3,399,433
Tammy Romo	Executive Vice President & Chief Financial Officer	$473,125	$115,000	$1,804,948	—	$412,224	$202,910	$3,008,207
Robert E. Jordan	Executive Vice President Corporate Services	$470,000	$113,800	$1,786,018	—	$407,885	$166,252	$2,943,955

Executive changes

Person	Role	Change	Effective	Filed
Jason T. Liberty	member of the Board	Appointed	2026-08-10	2026-08-10
Varun Krishna	member of the Board	Appointed	2026-08-10	2026-08-10
Gregg A. Saretsky	Board of Directors	Resigned	2026-02-23	2026-02-10
C. David Cush	Board of Directors	Resigned	2026-02-23	2026-02-10
J. Ryan Martinez	principal accounting officer	Appointed	2025-04-01	2025-03-31
Tom Doxey	Executive Vice President & Chief Financial Officer	Appointed	2025-03-10	2025-02-10
Elaine Mendoza	member of the Board of Directors	Retired	—	2025-02-07
Eduardo F. Conrado	member of the Board of Directors	Retired	—	2025-02-07
Linda Rutherford	Chief Administration Officer	Resigned	2025-04-01	2025-01-10
Tammy Romo	Executive Vice President & Chief Financial Officer	Resigned	2025-04-01	2025-01-10
Gregg Saretsky	Cooperation Agreement Directors as members of the Board	Appointed	2024-11-01	2024-10-24
Patricia Watson	Cooperation Agreement Directors as members of the Board	Appointed	2024-11-01	2024-10-24
Sarah Feinberg	Cooperation Agreement Directors as members of the Board	Appointed	2024-11-01	2024-10-24
David Grissen	Cooperation Agreement Directors as members of the Board	Appointed	2024-11-01	2024-10-24
Pierre Breber	member of the Board	Appointed	2024-11-01	2024-10-24
David Cush	Cooperation Agreement Directors as members of the Board	Appointed	2024-11-01	2024-10-24
Thomas W. Gilligan	Board	Resigned	2024-11-01	2024-10-24
Jill A. Soltau	Board	Resigned	2024-11-01	2024-10-24
Roy Blunt	Board	Resigned	2024-11-01	2024-10-24
William H. Cunningham	Board	Resigned	2024-11-01	2024-10-24
J. Veronica Biggins	Board	Resigned	2024-11-01	2024-10-24
David W. Biegler	Board	Resigned	2024-11-01	2024-10-24
Gary C. Kelly	Board	Retired	2024-11-01	2024-10-24
Gary C. Kelly	Executive Chairman of the Board	Retired	2024-11-01	2024-10-24
Robert L. Fornaro	member of the Board	Appointed	2024-09-26	2024-09-26

Key facts CIK 92380 CUSIP 844741108 13F (30d) 858 filings 827 filers Visit website Investor relations