secwatch.observer — SEC 8-K summary
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Issuer:     SOUTHWEST AIRLINES CO (LUV)
CIK:        0000092380
Form:       8-K
Filed at:   2026-08-07T20:15:36+00:00
Accession:  0001193125-26-340284
Event type: other_material
Sentiment:  neutral
Materiality: 0.40
Item codes: 5.02
LLM model:  deepseek-v4-flash:cloud@v2

Southwest Airlines raises executive pay; CEO Bob Jordan base salary $1.225M, LTI 1200%
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- Bob Jordan's base salary raised to $1,225,000, LTI target 1200% of base, STI 200%, effective Aug 15, 2026.
- COO Andrew Watterson gets $815,000 base, LTI 500%, STI 150%; CFO Tom Doxey, CCO Justin Jones, CCBO Anthony Roach each $805,000 base, LTI 500%, STI 135%.
- Compensation realigned to match largest three airline peers (American, Delta, United) using 2025 proxy data.
- Committee cited transformation success, expanded executive scope, and external recruiting risk as reasons for increases.
- Changes approved Aug 5, 2026; effective Aug 15, 2026.

Source:
  EDGAR index:    https://www.sec.gov/Archives/edgar/data/92380/000119312526340284/0001193125-26-340284-index.htm
  Primary doc:    https://www.sec.gov/Archives/edgar/data/92380/000119312526340284/d101890d8k.htm
  HTML page:      https://secwatch.observer/filing/0001193125-26-340284

License: Source filings: public domain (SEC EDGAR). Summaries (headline + bullets): CC-BY-4.0; attribute https://secwatch.observer