Insider and congress filings

Southwest Airlines Co. (LUV)

NYSE · Industrials · 308 insider transactions · 83 congress trades · last filed 1 month agoS&P 500

12
Open-market insider filings shown
1d
Median delay on the insider filings, in business days
within the two business day rule
10 buys·2 sells
Purchases and sales in the filings shown
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About Southwest Airlines Co.

from the company's filings and listing, as of Oct 24, 2026
Exchange
NYSE
Sector
Industrials
Industry
Airlines, Airports & Air Services
Chief executive
Robert E. Jordan
Employees
73,092
Listed since
-
Market value
$20.4B
Price to earnings (12 mo)
19.8
Net income per share, as reported (12 mo)
$2.15
Dividend yield
1.72%

www.southwest.com

Earnings

6 reported quarters · next on Jan 27, 2027
QuarterEPSEPS expectedRevenueRevenue expectedResult
Q3 FY2026reported Oct 21, 2026$0.66$0.57$8.4B$8.3BEPS beatRevenue beat
Q2 FY2026reported Jul 22, 2026$0.94$0.51$8.4B$8.6BEPS beatRevenue miss
Q1 FY2026reported Apr 22, 2026$0.45$0.47$7.2B$7.3BEPS miss, GAAPRevenue in line
Q4 FY2025reported Jan 28, 2026$0.58$0.57$7.4B$7.5BEPS beatRevenue in line
Q3 FY2025reported Oct 22, 2025$0.11-$0.04$6.9B$6.9BEPS beat, GAAPRevenue in line
Q2 FY2025reported Jul 23, 2025$0.43$0.51$7.2B$7.3BEPS missRevenue in line

Actual against the consensus estimate at the time. A flag marks a beat or a miss of more than 1.5% either way; inside that band the quarter is in line. A flag marked GAAP compares a GAAP figure the company reported with an adjusted consensus, two different measures, so a one-time gain or charge can move it either way. A flag reads n/a only when a number is missing. Quarterly EPS is the figure set against the consensus, usually adjusted, so the quarters need not add up to the 12-month net income per share above. An estimate is a forecast made by analysts, not a company target.

Executive pay

as filed for fiscal 2025 · proxy filed Mar 27, 2026
ExecutiveSalaryStock awardsOtherTotal
Robert E. JordanChief Executive Officer & President$845K$13.1M$2.7M$16.6M
Tom DoxeyExecutive Vice President & Chief Financial Officer$467K$7.3M$1.4M$9.1M
Andrew M. WattersonChief Operating Officer$676K$6.6M$1.5M$8.8M
Justin JonesExecutive Vice President Operations$536K$4.1M$1.0M$5.6M
Anthony RoachExecutive Vice President Chief Customer & Brand Officer$490K$3.7M$792K$4.9M

The summary compensation table from the proxy statement for fiscal 2025, with titles as filed then. 1 executive who has since left the company is named in that filing and not shown here. Read the filing

Institutional holders

13F positions as of Jun 30, 2026
HolderValueSharesShares vs prior qtr% of shares out
Primecap Management Co$2.5B48,797,725+3.7%9.88%
Franklin Templeton Inc$2.4B46,578,090+4.9%9.43%
Vanguard Capital Management LLC$1.6B31,614,180-0.1%6.40%
BlackRock, Inc.$1.5B29,917,962+4.7%6.06%
State Street Corp$1.5B29,326,975-0.7%5.89%
Elliott Investment Management L.P.$1.2B24,308,000-19.9%4.92%
Vanguard Portfolio Management LLC$1.2B23,999,965+3.8%4.86%
T. Rowe Price Associates, Inc.$715.0M13,905,409+0.1%2.81%
Geode Capital Management, LLC$653.9M12,739,007-1.8%2.58%
Ameriprise Financial Inc$554.0M10,777,353+7.9%2.18%
Goldman Sachs Group Inc$535.2M10,409,159+195.8%2.11%
FMR LLC$494.7M9,621,712-1.5%1.95%

A 13F reports long US equity positions and is filed within 45 days of the quarter end, so these are positions as they stood on Jun 30, 2026. For a manager's whole book see the fund directory. What a 13F covers and leaves out is explained in our guide to Form 13F.

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Open-market insider trades

12 filings shown · newest filing first
InsiderActionSharesPriceValueTrade dateDelay
(business days)
Lisa M. AthertonDirectorSold118$37.95$4KApr 7, 2026filed Apr 8, 20261d
Justin JonesEVP OperationsSold8,085$37.36$302KDec 5, 2025filed Dec 8, 20251d
Gregg A. SaretskyDirectorBought · 2 lines3,345$30.03$100KAug 6, 2025filed Aug 7, 20251d
Sarah FeinbergDirectorBought · 2 lines1,500$30.01$45KAug 5, 2025filed Aug 7, 20252d
Gregg A. SaretskyDirectorBought3,670$27.29$100KApr 30, 2025filed May 1, 20251d
Pierre R. BreberDirectorBought · 11 lines7,200$26.92$194KApr 29, 2025filed Apr 30, 20251d
David P. HessDirectorBought7,500$26.52$199KApr 28, 2025filed Apr 29, 20251d
Sarah FeinbergDirectorBought500$31.48$16KMar 14, 2025filed Mar 14, 20250d
Christopher P. ReynoldsDirectorBought3,258$30.68$100KMar 13, 2025filed Mar 14, 20251d
Patricia A. WatsonDirectorBought3,268$30.58$100KMar 13, 2025filed Mar 14, 20251d
C. David CushDirectorBought5,000$30.03$150KMar 12, 2025filed Mar 14, 20252d
Lisa M. AthertonDirectorBought118$31.28$4KJan 30, 2025filed Mar 10, 202526d

One row is one filing, newest filing first. A filing that reported its trade in several tranches is summed, priced at the weighted average, and marked with its line count. The delay counts business days from the trade to the filing, the unit of Form 4's two business day deadline: weekends and federal holidays are skipped. How the filing itself works is explained in our guide to Form 4.

Other Form 4 activity (20)
InsiderEventSharesDate
Jimmy Ryan MartinezPrincipal Accounting OfficerStock award2,697Sep 15, 2026
Jimmy Ryan MartinezPrincipal Accounting OfficerTax withholding179Aug 21, 2026
Jason T. LibertyDirectorStock award3,787Aug 10, 2026
Varun KrishnaDirectorStock award3,787Aug 10, 2026
Tom DoxeyEVP, Chief Financial OfficerStock award6,316Aug 5, 2026
Robert E. JordanCEO & PresidentStock award28,321Aug 5, 2026
Andrew M. WattersonChief Operating OfficerStock award2,995Aug 5, 2026
Lauren Tauscher WoodsEVP & CIOStock award7,598Aug 5, 2026
Anthony RoachChief Customer & Brand OfficerStock award9,506Aug 5, 2026
Justin JonesEVP & Chief Commercial OfficerStock award8,568Aug 5, 2026
Lisa M. AthertonDirectorStock award4,108May 7, 2026
Patricia A. WatsonDirectorStock award4,108May 7, 2026
Christopher P. ReynoldsDirectorStock award4,108May 7, 2026
David P. HessDirectorStock award4,108May 7, 2026
David GrissenDirectorStock award4,108May 7, 2026
Robert L. FornaroDirectorStock award4,108May 7, 2026
Sarah FeinbergDirectorStock award4,108May 7, 2026
Pierre R. BreberDirectorStock award4,108May 7, 2026
Douglas H. BrooksDirectorGift1,836Dec 2, 2025
Douglas H. BrooksDirectorStock award4,108May 7, 2026

Awards, option exercises, shares withheld to cover tax and gifts all file on the same form as a purchase or a sale. None of them is a decision to trade, so they sit here rather than beside the ones that are.

Congress trades in LUV

20 disclosures of 83 on record · median 24d of the 45 allowed

Since the trade: the stock's move from the trade date to the latest close we hold (figures as of Oct 25, 2026), not the member's result. Not investment advice.

MemberTypeActionAmount disclosedStock since the tradeTrade dateDisclosedDelay
Matthew Van EppsStockSale$1,001 - $15,000-12.0%After the saleS&P 500 +1.3% · -13.3 pts vs S&P 500Jun 16, 2026Jun 17, 20261d
Ro KhannaStockPurchase$1,001 - $15,000+7.7%S&P 500 +5.4% · +2.3 pts vs S&P 500May 1, 2026Jun 9, 202639d
Ro KhannaStockSale$1,001 - $15,000-4.4%After the saleS&P 500 +1.3% · -5.7 pts vs S&P 500May 27, 2026Jun 9, 202613d
Ro KhannaStockPurchase$1,001 - $15,000+6.5%S&P 500 +11.4% · -4.8 pts vs S&P 500Apr 13, 2026May 11, 202628d
Ro KhannaStockSale$1,001 - $15,000-23.1%After the saleS&P 500 +10.0% · -33.0 pts vs S&P 500Feb 6, 2026Mar 9, 202631d
Gilbert Ray Cisneros, Jr.StockPurchase$1,001 - $15,000+33.0%S&P 500 +17.4% · +15.6 pts vs S&P 500Sep 5, 2025Oct 10, 202535d
Gilbert Ray Cisneros, Jr.StockSale$1,001 - $15,000+39.5%After the saleS&P 500 +21.0% · +18.5 pts vs S&P 500Aug 5, 2025Sep 12, 202538d
Gilbert Ray Cisneros, Jr.StockPurchase$1,001 - $15,000+22.5%S&P 500 +21.5% · +1.1 pts vs S&P 500Jul 3, 2025Aug 14, 202542d
Ro KhannaStockPurchase$1,001 - $15,000+63.6%S&P 500 +42.0% · +21.6 pts vs S&P 500Apr 23, 2025May 12, 202519d
Ro KhannaStockSale$1,001 - $15,000+38.3%After the saleS&P 500 +23.9% · +14.3 pts vs S&P 500Feb 19, 2025Mar 6, 202515d
Gilbert Ray Cisneros, Jr.StockSale$1,001 - $15,000+36.0%After the saleS&P 500 +27.8% · +8.3 pts vs S&P 500Feb 26, 2025Mar 6, 20258d
Gilbert Ray Cisneros, Jr.StockPurchase$1,001 - $15,000+29.8%S&P 500 +25.0% · +4.8 pts vs S&P 500Jan 24, 2025Feb 11, 202518d
Ro KhannaStockPurchase$1,001 - $15,000+30.1%S&P 500 +27.1% · +2.9 pts vs S&P 500Jan 17, 2025Feb 6, 202520d
Ro KhannaStockSale$1,001 - $15,000+30.4%After the saleS&P 500 +27.3% · +3.0 pts vs S&P 500Nov 12, 2024Dec 5, 202423d
Ro KhannaStockPurchase$1,001 - $15,000+37.5%S&P 500 +30.1% · +7.4 pts vs S&P 500Oct 14, 2024Nov 8, 202425d
Ro KhannaStockSale$1,001 - $15,000+76.2%After the saleS&P 500 +47.0% · +29.2 pts vs S&P 500Aug 5, 2024Sep 6, 202432d
Ro KhannaStockPurchase$1,001 - $15,000+63.7%S&P 500 +44.4% · +19.2 pts vs S&P 500May 29, 2024Jun 5, 20247d
Ro KhannaStockSale$1,001 - $15,000+76.2%After the saleS&P 500 +74.9% · +1.3 pts vs S&P 500Nov 3, 2023Dec 6, 202333d
Ro KhannaStockPurchase$1,001 - $15,000+87.8%S&P 500 +81.8% · +6.0 pts vs S&P 500Oct 31, 2023Nov 8, 20238d
Ro KhannaStockSale$1,001 - $15,000+39.3%After the saleS&P 500 +70.4% · -31.1 pts vs S&P 500Sep 6, 2023Oct 6, 202330d

Since the trade is an estimate, set beside the S&P 500 over the same window, with the gap between the two in percentage points. The filing carries a band, not a fill, and a sale keeps the stock's sign, so a positive figure after a sale means the stock kept rising after it. An option row carries the underlying stock's move. A row marked n/a is one we hold no figure for.

Every Congress trade in LUV, filterable by party, chamber, type and account.

Members of Congress reporting a position

7 members · estimate, as of Oct 23, 2026

7 members report a position (estimated). The largest estimated position is in the $250,001 - $500,000 band.

MemberParty, chamberEstimated positionShare of their portfolio
Pat FallonRepublican · House$250,001 - $500,00013.8%
J. French HillRepublican · House$15,001 - $50,0000.2%
Troy DowningRepublican · House$15,001 - $50,0004.4%
Mark HarrisRepublican · House$15,001 - $50,0000.8%
Rand PaulRepublican · Senate$1,001 - $15,00042.0%
Gilbert Ray Cisneros, Jr.Democrat · House$1,001 - $15,000<0.1%
Jimmy PatronisRepublican · House$1,001 - $15,0000.4%

Estimate, as of Oct 23, 2026. Each position is modelled from the member's disclosed transactions and annual filings: the midpoint of each disclosed band, moved with the stock's price since the trade. It is a rough estimate of a reported position, not a figure from a filing, which is why it is shown as a band. Share of portfolio sets that estimate against the member's whole estimated public-stock portfolio.

Questions

Are insiders buying or selling LUV?

Across the 12 most recent open-market filings shown here, 10 were purchases and 2 were sales.

Which members of Congress have traded LUV?

Matthew Van Epps, Ro Khanna and Gilbert Ray Cisneros, Jr. disclosed LUV transactions in the filings shown here.

Which members of Congress hold LUV?

7 members of Congress report a position in LUV in the estimate we hold as of Oct 23, 2026. The largest estimated position belongs to Pat Fallon; the next largest, in the $15,001 - $50,000 band, include J. French Hill and Troy Downing. The estimate is built from disclosed transactions and annual filings, so it is shown as a band rather than a figure from a filing.

Is LUV in the S&P 500 or the Nasdaq 100?

Southwest Airlines Co. is a current member of the S&P 500, per the membership list we hold as of Oct 26, 2026. Current members of either index get a page here whatever their filing history.

How quickly are LUV trades disclosed?

Insider filings on this page reached the public a median of 1 business day after the transaction (weekends and federal holidays skipped), against the two business days Form 4 allows. Congressional disclosures took a median of 24 days, against the 45 the STOCK Act allows.

How to read a Form 4

A DECISION THE INSIDER MADE

POpen-market purchase. Bought with their own money at the market price.
SOpen-market sale. Sold on the market. A sale marked scheduled was set up in advance under a Rule 10b5-1 plan, often months before.

COMPENSATION PLUMBING

AStock award. Granted as pay, not bought.
MOption exercise. Converting options already held into shares.
FTax withholding. Shares handed back to the company to pay the tax on a grant.
GGift. Given away, with no money changing hands.

Congress rows disclose a value range rather than an exact amount, and the STOCK Act allows up to 45 days to report. Full sourcing and the limits of this data are on the methodology page. A filing is a record of a transaction, not a signal, and nothing here is investment advice.

Data as of Oct 26, 2026.

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