SOUTHWEST AIRLINES CO (LUV) Form 8-K — Aug 7, 2026
Southwest Airlines' Compensation Committee approved higher annual base salaries and long-term incentive targets for its senior executives, effective August 15, 2026. CEO Bob Jordan's base salary was set at $1,225,000 with a long-term incentive target of 1200% of base salary, while COO Andrew Watterson received $815,000 and three EVPs received $805,000, each with a 500% LTI target. The committee also reset its pay benchmarking to match the average total direct compensation of the three largest U.S. airline peers, American Airlines, Delta Air Lines, and United Airlines, moving away from a five-carrier group that had included Alaska Air Group and JetBlue.
Key figures
- Ceo Base Salary
- $1,225,000 (Bob Jordan)
- Effective Date
- August 15, 2026
- Neo Base Salaries
- ["Andrew Watterson (COO): $815,000","Tom Doxey (EVP & CFO): $805,000","Justin Jones (EVP & Chief Commercial Officer): $805,000","Anthony Roach (EVP & Chief Customer & Brand Officer): $805,000"]
- Ceo Lti Target Pct Of Base
- 1200
- Ceo Sti Target Pct Of Base
- 200
- Neo Lti Targets Pct Of Base
- ["Andrew Watterson: 500%","Tom Doxey: 500%","Justin Jones: 500%","Anthony Roach: 500%"]
- Neo Sti Targets Pct Of Base
- ["Andrew Watterson: 150%","Tom Doxey: 135%","Justin Jones: 135%","Anthony Roach: 135%"]
Price after filing
Close on the filing date to close N calendar days later (from $47.05). Historical, not a forecast.
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