Southwest Airlines Insider Roach Files Form 4 on Ownership Changes

TL;DR

**Southwest Airlines insider Anthony Roach just filed a Form 4, signaling a change in his stock ownership.**

AI Summary

Anthony Roach, a reporting insider at Southwest Airlines Co. (LUV), filed a Form 4 on March 24, 2026, indicating changes in his beneficial ownership of the company's securities. While the filing itself doesn't detail specific transactions, it signals that an executive's stake in the company may have shifted. This matters to investors because insider transactions can sometimes provide clues about management's confidence in the company's future performance, though the exact nature of the change isn't specified in this summary.

Why It Matters

Insider filings like this can signal management's confidence (or lack thereof) in the company's future, which can influence investor sentiment and stock price.

Risk Assessment

Risk Level: low — This filing is purely informational and does not inherently pose a direct risk, but rather provides data for investor analysis.

Analyst Insight

Smart investors would look for the detailed transaction tables within the full Form 4 document to understand the specific nature (buy, sell, grant) and size of Anthony Roach's ownership change, then consider it alongside other company news and market conditions.

Key Players & Entities

• Roach Anthony (person) — Reporting insider at Southwest Airlines Co.
• Southwest Airlines Co. (company) — The issuer of the securities
• 0000092380 (company) — CIK for Southwest Airlines Co.
• 0002058378 (person) — CIK for Roach Anthony

FAQ

Filing Documents

• wk-form4_1774387798.html (4)
• wk-form4_1774387798.xml (4) — 4KB
• 0000092380-26-000037.txt ( ) — 5KB

From the Filing

SEC FORM 4 SEC Form 4 FORM 4 UNITED STATES SECURITIES AND EXCHANGE COMMISSION Washington, D.C. 20549 Filed pursuant to Section 16(a) of the Securities Exchange Act of 1934 or Section 30(h) of the Investment Company Act of 1940 OMB APPROVAL OMB Number: 3235-0287 Estimated average burden hours per response: 0.5    Check this box if no longer subject to Section 16. Form 4 or Form 5 obligations may continue. See Instruction 1(b).    Check this box to indicate that a transaction was made pursuant to a contract, instruction or written plan for the purchase or sale of equity securities of the issuer that is intended to satisfy the affirmative defense conditions of Rule 10b5-1(c). See Instruction 10. 1. Name and Address of Reporting Person * Roach Anthony (Last) (First) (Middle) 2702 LOVE FIELD DRIVE HDQ 4GC (Street) DALLAS TEXAS 75235 (City) (State) (Zip) UNITED STATES (Country) 2. Issuer Name and Ticker or Trading Symbol SOUTHWEST AIRLINES CO [ LUV ] 5. Relationship of Reporting Person(s) to Issuer (Check all applicable) Director 10% Owner X Officer (give title below) Other (specify below) EVP Customer & Brand 2a. Foreign Trading Symbol 3. Date of Earliest Transaction (Month/Day/Year) 03/21/2026 6. Individual or Joint/Group Filing (Check Applicable Line) X Form filed by One Reporting Person Form filed by More than One Reporting Person 4. If Amendment, Date of Original Filed (Month/Day/Year) Table I - Non-Derivative Securities Acquired, Disposed of, or Beneficially Owned 1. Title of Security (Instr. 3) 2. Transaction Date (Month/Day/Year) 2A. Deemed Execution Date, if any (Month/Day/Year) 3. Transaction Code (Instr. 8) 4. Securities Acquired (A) or Disposed Of (D) (Instr. 3, 4 and 5) 5. Amount of Securities Beneficially Owned Following Reported Transaction(s) (Instr. 3 and 4) 6. Ownership Form: Direct (D) or Indirect (I) (Instr. 4) 7. Nature of Indirect Beneficial Ownership (Instr. 4) Code V Amount (A) or (D) Price Common Stock 03/21/2026 F 2,179 D $ 39.41 63,672.543 D Common Stock 79 (1) I By Retirement Savings Plan Table II - Derivative Securities Acquired, Disposed of, or Beneficially Owned (e.g., puts, calls, warrants, options, convertible securities) 1. Title of Derivative Security (Instr. 3) 2. Conversion or Exercise Price of Derivative Security 3. Transaction Date (Month/Day/Year) 3A. Deemed Execution Date, if any (Month/Day/Year) 4. Transaction Code (Instr. 8) 5. Number of Derivative Securities Acquired (A) or Disposed of (D) (Instr. 3, 4 and 5) 6. Date Exercisable and Expiration Date (Month/Day/Year) 7. Title and Amount of Securities Underlying Derivative Security (Instr. 3 and 4) 8. Price of Derivative Security (Instr. 5) 9. Number of derivative Securities Beneficially Owned Following Reported Transaction(s) (Instr. 4) 10. Ownership Form: Direct (D) or Indirect (I) (Instr. 4) 11. Nature of Indirect Beneficial Ownership (Instr. 4) Code V (A) (D) Date Exercisable Expiration Date Title Amount or Number of Shares Explanation of Responses: 1. Holdings reflect exempt transactions under the Issuer's Retirement Savings Plan. Remarks: /s/ Claire Hoedebeck, on behalf of and as attorney-in-fact for Anthony Roach 03/24/2026 ** Signature of Reporting Person Date Reminder: Report on a separate line for each class of securities beneficially owned directly or indirectly. * If the form is filed by more than one reporting person, see Instruction 4 (b)(v). ** Intentional misstatements or omissions of facts constitute Federal Criminal Violations See 18 U.S.C. 1001 and 15 U.S.C. 78ff(a). Note: File three copies of this Form, one of which must be manually signed. If space is insufficient, see Instruction 6 for procedure. Persons who respond to the collection of information contained in this form are not required to respond unless the form displays a currently valid OMB Number. * Form 4: SEC 1474 (03-26)

View Full Filing

View this 4 filing on SEC EDGAR