FORNARO ROBERT L 4

What Happened Robert L. Fornaro, a director of Southwest Airlines Co. (LUV), received an equity award of 4,108 shares on May 7, 2026. The Form 4 reports the acquisition (transaction code A) at $0.00 per share (total reported cash value $0), indicating a grant or compensation award rather than an open-market purchase.

Key Details

• Transaction date: 2026-05-07 (reported on Form 4 filed 2026-05-11).
• Transaction type/code: Award/Grant (A).
• Shares acquired: 4,108; Price reported: $0.00 per share (total $0 reported on Form 4).
• Shares owned after transaction: Not specified in the provided filing excerpt.
• Footnotes/plan info: None listed in the provided data.
• Timeliness: Filing was submitted on 2026-05-11, within the two-business-day SEC window following the 5/7 transaction (timely).

Context Equity awards to directors are typically part of routine compensation (e.g., restricted stock or RSUs) and do not necessarily reflect a personal buy/sell signal. Unlike purchases, grants are compensation-related and may vest over time or be subject to company plan terms; the filing does not detail vesting or tax-withholding mechanics.