Watson Patricia A 4

What Happened

• Patricia A. Watson, a director of Southwest Airlines Co. (LUV), was granted 4,108 shares on May 7, 2026. The Form 4 reports the transaction as an "A" code (grant/award or other acquisition) at $0.00 per share (total reported value $0.00). This is an equity award from the company rather than an open-market purchase or sale.

Key Details

• Transaction date: 2026-05-07; reported on Form 4 filed 2026-05-11 (filed 4 days after the transaction).
• Price: $0.00 per share; total reported value $0.00.
• Shares involved: 4,108 shares awarded.
• Shares owned after transaction: Not specified in the filing.
• Footnotes/notable items: Report lists a grant/award (code A); the filing does not disclose a 10b5-1 plan, tax withholding, or other special conditions in the summary provided.
• Timeliness: Filing appears late (reported 4 days after the transaction); insiders are generally required to file Form 4 within two business days, so the late filing may be noted by investors and regulators.

Context

• Equity awards to directors are typically part of compensation or retention programs (e.g., restricted stock or RSUs) and often vest over time; they do not necessarily indicate the director bought or sold stock in the open market. Such awards are routine corporate governance/compensation events rather than direct market bets by the insider.