Insider and congress filings

Southwest Airlines Co. (LUV)

NYSE · Industrials · 307 insider filings · 83 congress trades · last filed 17 days agoS&P 500

12
Open-market insider filings shown
1d
Median delay on the insider filings
within the two business day rule
10/2
Purchases and sales in the filings shown

About Southwest Airlines Co.

from the company's filings and listing
Exchange
NYSE
Sector
Industrials
Industry
Airlines, Airports & Air Services
Chief executive
Robert E. Jordan
Employees
73,456
Listed since
-
Market value
$18.9B
Price to earnings
23.3
Earnings per share
$1.69
Dividend yield
1.86%

www.southwest.com

Earnings

6 reported quarters · next on Oct 21, 2026
QuarterEPSEPS expectedRevenueRevenue expectedResult
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 missRevenue 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 beatRevenue in line
Q2 FY2025reported Jul 23, 2025$0.43$0.51$7.2B$7.3BEPS missRevenue in line
Q1 FY2025reported Apr 23, 2025-$0.13-$0.18$6.4B$6.4BEPS beatRevenue 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; basis unverified means we could not classify the reported figure. A flag reads n/a only when a number is missing. An estimate is a forecast made by analysts, not a company target.

Executive pay

as filed for 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 Office$490K$3.7M$792K$4.9M

The summary compensation table from the 2025 proxy statement, current executives only. 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
HolderValueSharesChangeOf company
Primecap Management Co$2.5B48,797,725+3.7%9.88%
Franklin Resources 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%5.94%
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%
Price T Rowe 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 45 days after the quarter ends, so these are positions as they stood on Jun 30, 2026. For a manager's whole book see the fund directory.

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Open-market insider trades

12 filings of 307 on record
InsiderActionSharesPriceValueTrade dateDelay
Lisa M. AthertonDirectorSold118$37.95$4KApr 7, 20261d
Justin JonesEVP OperationsSold8,085$37.36$302KDec 5, 20253d
Sarah FeinbergDirectorBought · 2 lines1,500$30.01$45KAug 5, 20252d
Gregg A. SaretskyDirectorBought · 2 lines3,345$30.03$100KAug 6, 20251d
Gregg A. SaretskyDirectorBought3,670$27.29$100KApr 30, 20251d
Pierre R. BreberDirectorBought · 11 lines7,200$26.92$194KApr 29, 20251d
David P. HessDirectorBought7,500$26.52$199KApr 28, 20251d
Patricia A. WatsonDirectorBought3,268$30.58$100KMar 13, 20251d
C. David CushDirectorBought5,000$30.03$150KMar 12, 20252d
Christopher P. ReynoldsDirectorBought3,258$30.68$100KMar 13, 20251d
Sarah FeinbergDirectorBought500$31.48$16KMar 14, 20250d
Lisa M. AthertonDirectorBought118$31.28$4KJan 30, 202539d

One row is one filing. A filing that reported its trade in several tranches is summed, priced at the weighted average, and marked with its line count.

Congress trades in LUV

20 disclosures of 83 on record · median 25d of the 45 allowed
MemberTypeActionAmount disclosedSince the tradeTrade dateDisclosedDelay
Matthew Van EppsStockSale$1,001 - $15,000-18.4%S&P +1.6% · vs S&P 500 -20.1%Jun 16, 2026Jun 17, 20261d
Ro KhannaStockSale$1,001 - $15,000-11.4%S&P +1.6% · vs S&P 500 -13.0%May 27, 2026Jun 9, 202613d
Ro KhannaStockPurchase$1,001 - $15,000-0.2%S&P +5.8% · vs S&P 500 -6.0%May 1, 2026Jun 9, 202639d
Ro KhannaStockPurchase$1,001 - $15,000-1.9%S&P +11.1% · vs S&P 500 -13.1%Apr 13, 2026May 11, 202628d
Ro KhannaStockSale$1,001 - $15,000-28.7%S&P +10.3% · vs S&P 500 -39.0%Feb 6, 2026Mar 9, 202631d
Gilbert Ray Cisneros, Jr.StockPurchase$1,001 - $15,000+23.2%S&P +17.8% · vs S&P 500 +5.4%Sep 5, 2025Oct 10, 202535d
Gilbert Ray Cisneros, Jr.StockSale$1,001 - $15,000+29.3%S&P +21.4% · vs S&P 500 +7.9%Aug 5, 2025Sep 12, 202538d
Gilbert Ray Cisneros, Jr.StockPurchase$1,001 - $15,000+13.5%S&P +21.8% · vs S&P 500 -8.3%Jul 3, 2025Aug 14, 202542d
Ro KhannaStockPurchase$1,001 - $15,000+51.6%S&P +42.4% · vs S&P 500 +9.1%Apr 23, 2025May 12, 202519d
Gilbert Ray Cisneros, Jr.StockSale$1,001 - $15,000+26.0%S&P +28.2% · vs S&P 500 -2.1%Feb 26, 2025Mar 6, 20258d
Ro KhannaStockSale$1,001 - $15,000+28.1%S&P +24.3% · vs S&P 500 +3.7%Feb 19, 2025Mar 6, 202515d
Gilbert Ray Cisneros, Jr.StockPurchase$1,001 - $15,000+20.2%S&P +25.4% · vs S&P 500 -5.1%Jan 24, 2025Feb 11, 202518d
Ro KhannaStockPurchase$1,001 - $15,000+20.5%S&P +27.6% · vs S&P 500 -7.1%Jan 17, 2025Feb 6, 202520d
Ro KhannaStockSale$1,001 - $15,000+20.8%S&P +27.7% · vs S&P 500 -7.0%Nov 12, 2024Dec 5, 202423d
Ro KhannaStockPurchase$1,001 - $15,000+27.4%S&P +30.5% · vs S&P 500 -3.1%Oct 14, 2024Nov 8, 202425d
Ro KhannaStockSale$1,001 - $15,000+63.2%S&P +47.5% · vs S&P 500 +15.7%Aug 5, 2024Sep 6, 202432d
Ro KhannaStockPurchase$1,001 - $15,000+51.6%S&P +44.9% · vs S&P 500 +6.7%May 29, 2024Jun 5, 20247d
Ro KhannaStockSale$1,001 - $15,000+63.2%S&P +76.3% · vs S&P 500 -13.1%Nov 3, 2023Dec 6, 202333d
Ro KhannaStockPurchase$1,001 - $15,000+74.0%S&P +82.4% · vs S&P 500 -8.4%Oct 31, 2023Nov 8, 20238d
Ro KhannaStockSale$1,001 - $15,000+29.1%S&P +70.9% · vs S&P 500 -41.9%Sep 6, 2023Oct 6, 202330d

Since the trade: the stock's move from the trade date to the latest close we hold, as of Sep 10, 2026, an estimate, with the S&P 500 over the same window and the difference against it. The figures describe the stock after the trade, not the member's result: the filing carries a band, not a fill, and a sale keeps the same sign, so a positive figure after a sale means the stock kept rising. An option row carries the underlying stock's move. A row marked n/a has no market price. Not investment advice.

Members of Congress reporting a position

7 members · estimate, as of Sep 10, 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 - $500,00013.0%
J. French HillRepublican · House$15,001 - $50,0000.2%
Troy DowningRepublican · House$15,001 - $50,0004.1%
Mark HarrisRepublican · House$15,001 - $50,0000.8%
Rand PaulRepublican · Senate$1,001 - $15,00042.3%
Gilbert Ray Cisneros, Jr.Democrat · House$1,001 - $15,000<0.1%
Jimmy PatronisRepublican · House$1,001 - $15,0000.4%

Estimate, as of Sep 10, 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.

Awards, option exercises and gifts (20)
InsiderEventSharesDate
Jimmy Ryan MartinezPrincipal Accounting OfficerTax withholding179Aug 21, 2026
Varun KrishnaDirectorStock award3,787Aug 10, 2026
Jason T. LibertyDirectorStock award3,787Aug 10, 2026
Justin JonesEVP & Chief Commercial OfficerStock award8,568Aug 5, 2026
Tom DoxeyEVP, Chief Financial OfficerStock award6,316Aug 5, 2026
Anthony RoachChief Customer & Brand OfficerStock award9,506Aug 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
Douglas H. BrooksDirectorGift1,836Dec 2, 2025
David P. HessDirectorStock award4,108May 7, 2026
Pierre R. BreberDirectorStock award4,108May 7, 2026
Christopher P. ReynoldsDirectorStock award4,108May 7, 2026
Douglas H. BrooksDirectorStock award4,108May 7, 2026
Lisa M. AthertonDirectorStock award4,108May 7, 2026
David GrissenDirectorStock award4,108May 7, 2026
Robert L. FornaroDirectorStock award4,108May 7, 2026
Sarah FeinbergDirectorStock award4,108May 7, 2026
Patricia A. WatsonDirectorStock award4,108May 7, 2026
Tom DoxeyEVP, Chief Financial OfficerTax withholding11,447Mar 21, 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.

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, 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 Sep 10, 2026. The three largest estimated positions belong to Pat Fallon, 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 Sep 10, 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 days after the transaction, against the two business days Form 4 allows. Congressional disclosures took a median of 25 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 Sep 10, 2026.

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