Corporate GovernanceAug 7, 2026, 04:24 PM
Southwest Airlines Adjusts Executive Compensation, CEO Salary to $1.225M
AI Summary
Southwest Airlines' Compensation Committee approved changes to annual base salaries and long-term incentive targets for certain officers, including named executive officers, effective August 15, 2026. The adjustments, including for CEO Bob Jordan, were made following an annual review and a reassessment of the company's airline peer group, aligning compensation more closely with American Airlines, Delta Air Lines, and United Airlines to attract and retain senior executive talent.
Key Highlights
- CEO Bob Jordan's annual base salary increased to $1,225,000.
- CEO Bob Jordan's long-term incentive target set at 1200% of base salary.
- COO Andrew Watterson's annual base salary increased to $815,000.
- CFO Tom Doxey's annual base salary increased to $805,000.
- Executive compensation benchmarked against American, Delta, and United.
- Changes to executive compensation are effective August 15, 2026.
Price Impact
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