Form 4: Southwest Airlines CEO Robert Jordan Reports Changes in Beneficial Ownership

CEO Robert Jordan reports the disposition of 35,279 shares of Southwest Airlines common stock to cover tax obligations related to restricted stock vesting, while also reporting holdings in the company's retirement savings plan.

Summary

• Robert E. Jordan, CEO and President of Southwest Airlines, filed a Form 4 with the SEC on February 25, 2025.
• The filing reports a transaction on February 21, 2025, where 35,279 shares of common stock were disposed of at a price of $29.81 per share.
• This disposition was likely to cover tax obligations.
• Following the transaction, Jordan directly owns 451,609 shares of Southwest Airlines common stock.
• The filing also indicates that Jordan indirectly owns 111,462 shares through the Retirement Savings Plan.
• The holdings reflect exempt transactions under the Issuer's Retirement Savings Plan.

Sentiment

Score: 5

Explanation: The document is a routine regulatory filing, so the sentiment is neutral.

Industry Context

Form 4 filings are a routine part of corporate governance, providing transparency into the transactions of company insiders.

Stakeholder Impact

• The transaction may have a minor impact on shareholders due to the change in insider ownership.

Key Dates