Jones Justin 4
4 · SOUTHWEST AIRLINES CO · Filed Mar 17, 2026
Research Summary
AI-generated summary of this filing
Southwest (LUV) EVP Justin Jones Receives 23,863 RSUs
What Happened Justin Jones, Executive Vice President — Operations at Southwest Airlines Co. (LUV), received an award of 23,863 restricted stock units (RSUs) on March 16, 2026. The grant is reported at a per-unit price of $0 (transaction code A), so the reported acquisition value is $0. The RSUs will convert to one share of common stock for each unit as they vest.
Key Details
- Transaction date: 2026-03-16; Form 4 filed: 2026-03-17 (timely).
- Transaction type: Award/Grant of RSUs (code A).
- Shares/units granted: 23,863 RSUs; reported acquisition price: $0; reported value: $0.
- Vesting: RSUs vest one-third annually beginning March 21, 2027 (per footnote) and each vested RSU converts to one share.
- Shares owned after transaction: Not reported in this filing.
- Plan: Award granted under the Southwest Airlines Co. Amended and Restated 2007 Equity Incentive Plan.
Context This is an equity compensation award, not an open-market purchase or sale. RSU grants are common for executive compensation and do not reflect an immediate cash outlay or sale; they provide future shares if vesting conditions are met. Because the filing was timely (filed one day after the grant date), there is no late-filing indication.
Insider Transaction Report
- Award
Common Stock
[F1]2026-03-16+23,863→ 77,216 total
Footnotes (1)
- [F1]Reflects the exempt acquisition of restricted stock units pursuant to the Southwest Airlines Co. Amended and Restated 2007 Equity Incentive Plan. The restricted stock units will vest with respect to one-third of the shares covered thereby annually, beginning on March 21, 2027, and will entitle the reporting person to one share of common stock for each restricted stock unit that vests.