Watterson Andrew M 4
Research Summary
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Southwest (LUV) COO Andrew Watterson Receives Award
What Happened Andrew M. Watterson, Chief Operating Officer of Southwest Airlines Co. (LUV), was granted 35,092 restricted stock units (RSUs) on March 16, 2026. The Form 4 reports the award at $0.00 (an exempt grant rather than a purchase or sale). These RSUs convert to one share of common stock for each RSU upon vesting.
Key Details
- Transaction date: 2026-03-16; filing date: 2026-03-17 (timely filing).
- Grant reported as 35,092 RSUs at $0.00 (exempt award).
- Vesting: one-third of the RSUs vest annually, beginning March 21, 2027 (per footnote).
- Shares owned after the transaction: not specified in the provided excerpt; footnote notes some holdings reflect exempt Retirement Savings Plan transactions.
- Footnotes: F1 describes the RSU grant and vesting schedule; F2 notes holdings include exempt transactions under the Issuer’s Retirement Savings Plan.
Context This was a compensation award (A = award/grant), not a market purchase or sale. RSU grants are common executive compensation and only become actual shares as they vest, so they do not by themselves signal immediate insider buying or selling.