Form 8-K · Current report
Southwest Airlines 8-K, filed Aug 7, 2026
- Filed
- CIK
- 0000092380
- Accession no.
- 0001193125-26-340284
Summary
Southwest Airlines' Compensation Committee approved changes to annual base salaries and long-term incentive opportunity targets for certain officers, including CEO Bob Jordan and other named executive officers, effective August 15, 2026. The committee said it aligned executive compensation more closely with the average total direct compensation of American Airlines, Delta Air Lines, and United Airlines Holdings, using unaged 2025 peer data.
Key points
- Southwest's Compensation Committee approved higher annual base salaries effective August 15, 2026, and long-term incentive opportunity targets for its named executive officers, with the independent directors approving changes to CEO Bob Jordan's pay.
- Bob Jordan's base salary was set at $1,225,000 with a long-term incentive target of 1200% of salary; the other named officers were set at $805,000–$815,000 with 500% targets.
- The committee aligned executive compensation with the average total direct compensation of American Airlines, Delta Air Lines, and United Airlines Holdings, using 2025 peer data from the peers' 2026 proxy statements without aging it forward.
- The committee acted after citing the success of the company's transformation, broader senior executive roles, and external recruiting activity involving members of its senior leadership team.
Written by an AI model from the filing text. It can be incomplete or wrong; the filing on SEC.gov is the record.
Items reported
- 5.02Departure of Directors or Certain Officers; Election of Directors; Appointment of Certain Officers; Compensatory Arrangements of Certain Officers
From the filing
Item 5.02 Departure of Directors or Certain Officers; Election of Directors; Appointment of Certain Officers; Compensatory Arrangements of Certain Officers. Item 5.02(e) On August 5, 2026, the Compensation Committee (“Committee”) of the Board of Directors (the “Board”) of Southwest Airlines Co. (the “Company”) approved changes to annual base salaries, effective August 15, 2026, and long-term incentive opportunity targets for certain officers of the Company, including the Company’s named executive officers. …
An excerpt of the text as filed with the SEC, cut for length.
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