Southwest CEO Robert E. Jordan Receives 28,321 RSUs

What Happened

• Robert E. Jordan, CEO & President and a director of Southwest Airlines (LUV), was granted 28,321 restricted stock units (RSUs) on August 5, 2026. The Form 4 reports an acquisition price of $0.00 (award/grant), so no cash was exchanged on the grant date. The RSUs will convert to one share of common stock per vested unit.

Key Details

• Transaction date: 2026-08-05; filing date: 2026-08-07.
• Grant: 28,321 RSUs; reported price $0.00 (award).
• Vesting: RSUs vest one‑third annually, beginning August 21, 2027 (per footnote F1).
• Shares owned after transaction: not specified in the filing.
• Footnotes: F1 explains the RSU vesting schedule and 1-for-1 share entitlement at vesting. F2 notes certain holdings reflect exempt transactions under the issuer’s Retirement Savings Plan.
• Timeliness: Filing was submitted two days after the grant (appears timely based on the report dates).

Context

• RSU grants are compensation awards, not open‑market purchases or sales; they don’t represent an immediate sale or cash inflow unless/until vesting and any subsequent disposition occurs. Grants are common for executives and should be viewed as part of pay structure rather than a direct market endorsement.