Roach Anthony 4

What Happened

• Anthony Roach, EVP Customer & Brand at Southwest Airlines, was granted 22,058 restricted stock units (RSUs) on 2026-03-16. The grant was recorded at $0.00 per unit (an equity award, not a cash purchase); no immediate cash changed hands. The RSUs will convert to common shares as they vest.

Key Details

• Transaction date: 2026-03-16; Form 4 filed 2026-03-17 (timely).
• Transaction type/code: Award/Grant (A).
• Amount: 22,058 RSUs; price reported $0.00.
• Vesting: Per footnote, RSUs vest one-third annually, beginning March 21, 2027; each vested RSU entitles the holder to one share of common stock.
• Shares owned after transaction: Not specified in the provided filing; footnote F2 notes some holdings reflect exempt transactions under the Issuer’s Retirement Savings Plan.
• No indication of sale, exercise, or tax-withholding in this transaction.

Context

• RSUs are a form of compensation that convert to shares only upon vesting; they are not an immediate buy or sell of stock. Grants like this are common for executives and are intended to align long-term incentives, but they do not, by themselves, indicate insider buying or selling sentiment.