Southwest Airlines (LUV) executive compensation, 2026 proxy

Robert E. Jordan, Chief Executive Officer & President, was paid $16.6M in 2025, up 57% from $10.6M the year before. The CEO-to-median-employee pay ratio was 173:1, on median employee pay of $95,715.

Filed
March 27, 2026
Annual meeting
May 7, 2026
Pay year
2025
Named executives
6
CEO total pay
$16.6M+57% vs prior year
CEO to median employee
173:1median $95,715
CEO pay in equity
79%$13.1M in awards
CEO Stock Awards
$13.1MGrant date fair value
CEO Non-Equity Incentive
$2,031,160STI plan payout
Median Employee Pay
$95,715Annual total compensation
CEO-to-Median Pay Ratio
173.3:12025 pay ratio

How Jordan was paid

$16.6M in total for 2025, as reported in the Summary Compensation Table. Equity awards are valued at grant, not at what they turned out to be worth.

Salary5%Stock awards79%Non-equity incentive12%All other compensation4%

Named executive officers

ExecutiveTotal
Robert E. JordanChief Executive Officer & President$16,587,882
Tom DoxeyExecutive Vice President & Chief Financial Officer$9,145,521
Andrew M. WattersonChief Operating Officer$8,785,175
Justin JonesExecutive Vice President Operations$5,643,338
Anthony RoachExecutive Vice President Chief Customer & Brand Officer$4,935,287
Tammy RomoFormer Executive Vice President & Chief Financial Officer$4,705,214

What changed and why

  • $16.6MCEO Robert E. Jordan received total compensation of $16,587,882 in fiscal 2025.
  • $13.1MStock awards represented the largest portion of executive pay, totaling $13,075,072 for the CEO.
  • Short-term incentive compensation for the CEO was earned based on performance measures and targets.
  • 80%More than 80% of targeted 2025 CEO compensation was represented by equity awards.

About this page

Figures are automated and can be wrong; check the filing for the exact numbers. Totals follow SEC rules, which value stock and option awards at grant. Read the DEF 14A proxy statement for footnotes and the compensation committee's full reasoning.