Doxey Tom 4

What Happened
Tom Doxey, Chief Financial Officer of Southwest Airlines Co. (LUV), disposed of 11,447 shares on March 21, 2026. The shares were recorded at $39.41 each, for a total value of approximately $451,126. The transaction is reported under code F, indicating the shares were used to pay an exercise price or tax liability rather than a voluntary open-market sale.

Key Details

• Transaction date: 2026-03-21; Filing date: 2026-03-24.
• Price per share: $39.41; Total value: ~$451,126.
• Shares involved: 11,447 (disposed/withheld).
• Transaction code: F — payment of exercise price or tax liability (commonly tax withholding on option exercise or restricted stock vesting).
• Shares owned after the transaction: not specified in the provided filing summary.
• Filing timing: reported three days after the transaction date (filing shows March 24 for a March 21 transaction).

Context
Code F transactions typically reflect tax withholding tied to option exercises or vesting events (a cashless or share-surrender method). These are routine administrative actions to satisfy tax obligations and do not necessarily indicate the insider’s view on the company’s stock.