Jones Justin 4

What Happened Justin Jones, Executive Vice President — Operations at Southwest Airlines Co. (LUV), received an award of 23,863 restricted stock units (RSUs) on March 16, 2026. The grant is reported at a per-unit price of $0 (transaction code A), so the reported acquisition value is $0. The RSUs will convert to one share of common stock for each unit as they vest.

Key Details

• Transaction date: 2026-03-16; Form 4 filed: 2026-03-17 (timely).
• Transaction type: Award/Grant of RSUs (code A).
• Shares/units granted: 23,863 RSUs; reported acquisition price: $0; reported value: $0.
• Vesting: RSUs vest one-third annually beginning March 21, 2027 (per footnote) and each vested RSU converts to one share.
• Shares owned after transaction: Not reported in this filing.
• Plan: Award granted under the Southwest Airlines Co. Amended and Restated 2007 Equity Incentive Plan.

Context This is an equity compensation award, not an open-market purchase or sale. RSU grants are common for executive compensation and do not reflect an immediate cash outlay or sale; they provide future shares if vesting conditions are met. Because the filing was timely (filed one day after the grant date), there is no late-filing indication.