Elliott Management Amends Southwest Airlines Filing

TL;DR

Elliott Management updated its filing for Southwest Airlines, showing continued interest.

AI Summary

Elliott Investment Management L.P. has filed an amendment (Amendment No. 2) to its Schedule 13D concerning Southwest Airlines Co. The filing, dated August 26, 2024, indicates a change in the reporting of beneficial ownership. Elliott Investment Management L.P. is a significant holder of Southwest Airlines stock.

Why It Matters

This filing signals ongoing activity and potential strategic interest from a major activist investor in Southwest Airlines, which could influence the company's future direction.

Risk Assessment

Risk Level: medium — Activist investor filings can signal potential challenges or strategic shifts for the company, creating uncertainty.

Key Players & Entities

• Elliott Investment Management L.P. (company) — Filing entity and significant shareholder
• Southwest Airlines Co. (company) — Subject company
• Eleazer Klein, Esq. (person) — Legal counsel for Elliott Investment Management L.P.
• Adriana Schwartz, Esq. (person) — Legal counsel for Elliott Investment Management L.P.

FAQ

Key Financial Figures

• $1.00 — me of Issuer) Common Stock, par value $1.00 per share (Title of Class of Securitie
• $1,518,148,220 — d by the Elliott Funds is approximately $1,518,148,220. EIM may effect purchases of the shar

Filing Documents

• p24-2662sc13da.htm (SC 13D/A) — 138KB
• 0000902664-24-005259.txt ( ) — 139KB

SIGNATURES

SIGNATURES After reasonable inquiry and to the best of its knowledge and belief, the undersigned certifies that the information set forth in this statement is true, complete and correct. DATE: August 26, 2024 Elliott Investment Management L.P. /s/ Elliot Greenberg Name:Elliot Greenberg Title:Vice President /s/ Elliot Greenberg As attorney-in-fact for Michael Cawley, David Cush, Sarah Feinberg, Joshua Gotbaum, Robert Milton, Gregg Saretsky, Easwaran Sundaram and Patricia Watson CUSIP No. 844741108 Schedule 13D/A Page 14 of 14 Pages SCHEDULE 1 Transactions in the Shares of Common Stock of the Issuer The following table sets forth all transactions in the shares of Common Stock reported herein effected by each of the Reporting Persons since the filing of Amendment No. 1. Except as noted below, all such transactions were effected by each Reporting Person in the open market through brokers and the price per share excludes commissions. Where a price range is provided in the column titled "Price Range ($)", the price reported in the column titled "Price Per Share ($)" is a weighted average price. These shares of Common Stock were sold or purchased in multiple transactions at prices between the price ranges indicated in the column titled "Price Range ($)". Each Reporting Person will undertake to provide to the staff of the SEC, upon request, full information regarding the shares of Common Stock sold or purchased at each separate price by such Reporting Person. EIM Trade Date Shares Purchased (Sold) Price Per Share ($) Price Range ($) 08/14/2024 1,250,000 25.38 25.45 – 25.75 08/15/2024 1,150,000 26.23 25.19 – 25.60 08/16/2024 900,000 26.30 26.15 – 26.62 08/19/2024 800,000 26.71 26.53 – 26.87 08/20/2024 1,050,000 26.61 26.48 – 26.81 08/21/2024 950,000 26.56 26.43 – 26.68 08/22/2024 1,600,000 26.92 26.58 – 27.18 08/23/2024 1,440,000 28.05 27.21 – 28.36

View Full Filing

View this SC 13D/A filing on SEC EDGAR