Martinez Jimmy Ryan 4

What Happened Martinez, Jimmy Ryan (Principal Accounting Officer) received a grant of 7,294 restricted stock units (RSUs) on 2026-03-16. The Form 4 reports an exempt acquisition at $0.00 per share (typical for RSU awards), so there was no cash transfer at grant. The RSUs will convert to one share of Southwest common stock for each RSU as they vest.

Key Details

• Transaction date: 2026-03-16; Filing date: 2026-03-17 (timely filing).
• Award type/code: A (grant/award); 7,294 RSUs granted at $0.00 — immediate cash value reported $0.
• Vesting: One-third of the RSUs vest annually beginning March 21, 2027 (so a three-year vesting schedule). (Footnote F1)
• Holdings note: Filing references exempt transactions under the Issuer's Retirement Savings Plan (Footnote F2). The Form 4 does not disclose a post-transaction total beneficial ownership in this summary.
• No indication this was a sale or purchase of shares on the open market.

Context RSU grants are a form of compensation, not an open-market purchase or sale; they become shares only as they vest. Such awards are routine for employees and executives and do not by themselves indicate current buying or selling sentiment. Taxes or withholding rules upon vesting may apply under the company plan (not detailed in the filing).