As of September 29, 2026, Southwest Airlines's top three insider holders are Investment Management L.P. Elliott (TenPercentOwner, 59.91Mn shares), Rakesh Gangwal (Director, 3.61Mn shares), Gary C Kelly (Executive Chairman, 625.72K shares).
| # | Insider | Position | Direct | Indirect | Total | Share of Insiders | Last Filed |
|---|---|---|---|---|---|---|---|
| 1 | Investment Management L.P. Elliott | TenPercentOwner | 0 | 59,912,580 | 59,912,580 | 89.3% | 30 Oct, 2024 |
| 2 | Rakesh Gangwal | Director | 3,611,729 | 0 | 3,611,729 | 5.4% | 16 May, 2025 |
| 3 | Gary C Kelly | Executive Chairman | 146,410 | 479,314 | 625,724 | 0.9% | 02 Oct, 2024 |
| 4 | Robert E Jordan | Ceo President | 534,055 | 0 | 534,055 | 0.8% | 07 Aug, 2026 |
| 5 | Tammy Romo | Evp Cfo | 281,953 | 0 | 281,953 | 0.4% | 25 Feb, 2025 |
| 6 | De Ven Michael G Van | President Coo | 250,700 | 0 | 250,700 | 0.4% | 23 Feb, 2022 |
| 7 | Andrew M Watterson | Chief Operating Officer | 209,840 | 0 | 209,840 | 0.3% | 07 Aug, 2026 |
| 8 | Ron Ricks | Evp, Chief Legal Reg. Off. | 199,433 | 0 | 199,433 | 0.3% | 18 May, 2023 |
| 9 | Mark R Shaw | Evp Clro | 143,781 | 0 | 143,781 | 0.2% | 23 Feb, 2024 |
| 10 | Linda B. Rutherford | Chief Administration Officer | 119,259 | 0 | 119,259 | 0.2% | 25 Feb, 2025 |
| 11 | Tom Doxey | Evp, Chief Financial Officer | 111,116 | 0 | 111,116 | 0.2% | 07 Aug, 2026 |
| 12 | William H Dr Cunningham | Director | 100,088 | 0 | 100,088 | 0.1% | 16 May, 2024 |
| 13 | Ryan C. Green | Evp Chief Transformation Ofr. | 86,816 | 0 | 86,816 | 0.1% | 25 Feb, 2025 |
| 14 | Justin Jones | Evp Chief Commercial Officer | 85,784 | 0 | 85,784 | 0.1% | 07 Aug, 2026 |
| 15 | Douglas H Brooks | Director | 81,306 | 0 | 81,306 | 0.1% | 16 May, 2025 |
| 16 | Anthony Roach | Chief Customer Brand Officer | 73,179 | 0 | 73,179 | 0.1% | 07 Aug, 2026 |
| 17 | J Veronica Biggins | Director | 66,388 | 0 | 66,388 | 0.1% | 16 May, 2024 |
| 18 | John G Denison | Director | 65,576 | 0 | 65,576 | 0.1% | 20 May, 2022 |
| 19 | Lauren Tauscher Woods | Evp Cio | 56,658 | 0 | 56,658 | 0.1% | 07 Aug, 2026 |
| 20 | Nancy B Loeffler | Director | 54,034 | 0 | 54,034 | 0.1% | 20 May, 2022 |
| 21 | David W Biegler | Director | 35,122 | 0 | 35,122 | 0.1% | 16 May, 2024 |
| 22 | David P Hess | Director | 32,682 | 0 | 32,682 | 0.0% | 11 May, 2026 |
| 23 | Christopher P. Reynolds | Director | 28,440 | 0 | 28,440 | 0.0% | 11 May, 2026 |
| 24 | Jimmy Ryan Martinez | Principal Accounting Officer | 27,941 | 0 | 27,941 | 0.0% | 17 Sep, 2026 |
| 25 | John T Montford | Director | 25,002 | 0 | 25,002 | 0.0% | 18 May, 2023 |
| 26 | C. David Cush | Director | 24,429 | 0 | 24,429 | 0.0% | 16 May, 2025 |
| 27 | Eaton William Jason Van | Evp Chief Rca Officer | 23,796 | 0 | 23,796 | 0.0% | 23 Aug, 2024 |
| 28 | Thomas W. Gilligan | Director | 23,712 | 0 | 23,712 | 0.0% | 16 May, 2024 |
| 29 | Gregg A Saretsky | Director | 23,644 | 0 | 23,644 | 0.0% | 07 Aug, 2025 |
| 30 | Patricia A Watson | Director | 20,769 | 1,279 | 22,048 | 0.0% | 11 May, 2026 |
| 31 | Sarah Feinberg | Director | 18,337 | 0 | 18,337 | 0.0% | 11 May, 2026 |
| 32 | Lisa M Atherton | Director | 15,648 | 0 | 15,648 | 0.0% | 11 May, 2026 |
| 33 | David Grissen | Director | 13,537 | 0 | 13,537 | 0.0% | 11 May, 2026 |
| 34 | Pierre R Breber | Director | 13,537 | 0 | 13,537 | 0.0% | 11 May, 2026 |
| 35 | Robert L Fornaro | Director | 13,537 | 0 | 13,537 | 0.0% | 11 May, 2026 |
| 36 | Jill A. Soltau | Director | 11,812 | 0 | 11,812 | 0.0% | 16 May, 2024 |
| 37 | Elaine Mendoza | Director | 11,812 | 0 | 11,812 | 0.0% | 16 May, 2024 |
| 38 | Eduardo F Conrado | Director | 11,812 | 0 | 11,812 | 0.0% | 16 May, 2024 |
| 39 | Roy Blunt | Director | 11,217 | 0 | 11,217 | 0.0% | 16 May, 2024 |
| 40 | Jason T Liberty | Director | 3,787 | 0 | 3,787 | 0.0% | 11 Aug, 2026 |
| 41 | Varun Krishna | Director | 3,787 | 0 | 3,787 | 0.0% | 11 Aug, 2026 |
Each row is that insider’s most recently reported position, from Form 4 filings over the last 60 months — which is why this total does not tie to the quarterly series above, where a quarter counts only the insiders who filed in it. Shares held through a fund or institutional portfolio are counted on the institutional ownership page instead.
| Date | Insider | Position | Transaction | Shares | Price | Value | Shares Held After | Ownership |
|---|---|---|---|---|---|---|---|---|
| 15 Sep, 2026 | Jimmy Ryan Martinez | Principal Accounting Officer | Acquired A | 2,697 | $0.00 | $0 | 27,941 | Direct |
| 21 Aug, 2026 | Jimmy Ryan Martinez | Principal Accounting Officer | Disposed F | 179 | $40.38 | $7.23K | 25,244 | Direct |
| 10 Aug, 2026 | Jason T Liberty | Director | Acquired A | 3,787 | $0.00 | $0 | 3,787 | Direct |
| 10 Aug, 2026 | Varun Krishna | Director | Acquired A | 3,787 | $0.00 | $0 | 3,787 | Direct |
| 05 Aug, 2026 | Andrew M Watterson | Chief Operating Officer | Acquired A | 2,995 | $0.00 | $0 | 209,840 | Direct |
| 05 Aug, 2026 | Lauren Tauscher Woods | Evp Cio | Acquired A | 7,598 | $0.00 | $0 | 56,658 | Direct |
| 05 Aug, 2026 | Tom Doxey | Evp, Chief Financial Officer | Acquired A | 6,316 | $0.00 | $0 | 111,116 | Direct |
| 05 Aug, 2026 | Anthony Roach | Chief Customer Brand Officer | Acquired A | 9,506 | $0.00 | $0 | 73,179 | Direct |
| 05 Aug, 2026 | Justin Jones | Evp Chief Commercial Officer | Acquired A | 8,568 | $0.00 | $0 | 85,784 | Direct |
| 05 Aug, 2026 | Robert E Jordan | Ceo President | Acquired A | 28,321 | $0.00 | $0 | 534,055 | Direct |
| 07 May, 2026 | Lisa M Atherton | Director | Acquired A | 4,108 | $0.00 | $0 | 15,648 | Direct |
| 07 May, 2026 | Pierre R Breber | Director | Acquired A | 4,108 | $0.00 | $0 | 13,537 | Direct |
| 07 May, 2026 | Robert L Fornaro | Director | Acquired A | 4,108 | $0.00 | $0 | 13,537 | Direct |
| 07 May, 2026 | David P Hess | Director | Acquired A | 4,108 | $0.00 | $0 | 32,682 | Direct |
| 07 May, 2026 | Patricia A Watson | Director | Acquired A | 4,108 | $0.00 | $0 | 20,769 | Direct |
| 07 May, 2026 | Sarah Feinberg | Director | Acquired A | 4,108 | $0.00 | $0 | 18,337 | Direct |
| 07 May, 2026 | Christopher P. Reynolds | Director | Acquired A | 4,108 | $0.00 | $0 | 28,440 | Direct |
| 07 May, 2026 | David Grissen | Director | Acquired A | 4,108 | $0.00 | $0 | 13,537 | Direct |
| 07 Apr, 2026 | Lisa M Atherton | Director | Disposed S | 118 | $37.95 | $4.48K | 0 | Indirect |
| 21 Mar, 2026 | Tom Doxey | Evp, Chief Financial Officer | Disposed F | 11,447 | $39.41 | $451.13K | 104,800 | Direct |