LUV.NYSESouthwest Airlines CO

4/A: Southwest Airlines Executive's Stock Award Corrected After Formula Error

Sentiment:

SEC Filing (Form 4/A)

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Ryan C. Green, EVP Chief Transformation Officer at Southwest Airlines, had his restricted stock unit award corrected due to a formula error, impacting the number of shares beneficially owned.

Summary

  • This SEC Form 4/A filing reports an amendment to a previous filing regarding changes in beneficial ownership for Ryan C. Green, EVP Chief Transformation Officer at Southwest Airlines.
  • The amendment corrects the number of restricted stock units awarded to Mr. Green on February 4, 2025, from 34,817 to 33,777.
  • This correction was determined by the Compensation Committee of the Company's Board of Directors on March 14, 2025, due to a formula error.
  • The corrected number of shares beneficially owned by Mr. Green following the reported transaction, as of the February 6, 2025, filing date is 92,936.

Sentiment

Score: 7

Explanation: The document is a neutral correction of a stock award, indicating standard corporate governance procedures are in place. There is no indication of positive or negative sentiment.

Industry Context

This filing is a routine disclosure related to executive compensation and stock ownership, common in the airline industry and other publicly traded companies.

Stakeholder Impact

  • The correction of the stock award has a minor impact on shareholders, ensuring accurate reporting of executive compensation.

Key Dates

DateDescription
02/04/2025Date of original transaction where restricted stock units were awarded.
02/06/2025Date of original filing that was amended.
03/14/2025Date the Compensation Committee determined to correct the formula.
03/18/2025Date of the amended filing.

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