Sundar PichaiSundar Pichai earned $164M in 2023

Gary C. Kelly has been at the helm of Southwest Airlines since July 2004, leading the company through some significant challenges, including the COVID-19 pandemic. Under his leadership, the airline achieved the longest streak of profitability in the industry, even...

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Gary C. Kelly

CEO of Southwest Airlines

Education

Bachelor's degree in Accounting from the University of Texas at Austin.

Field of Expertise

Finance & Banking - Finance

Sector of Economy

Industrials

Born

March 12, 1961 - 64 years ago

CEO of Southwest Airlines for

20 years 9 months (Jul 2004 - Present)

Previous Experience

Executive Vice President & Chief Financial Officer from 2001 to 2004; Vice President - Finance & Chief Financial Officer from 1989 to 2001; Joined the Company in 1986 as its Controller.

Holdings

See how much did Gary C. Kelly make over time.

Gary C. Kelly's holdings reflect his strong confidence in Southwest Airlines. In 2019, the reported value of his insider trading reached approximately $54 million, indicating significant investment in the company’s future. From the end of 2019 to 2020, his holdings...

Mar 18, 2025

Total Stock Sold

$21.68M

LUV

$20.54M

453,876 LUV shares

LNC

$1.14M

17,040 LNC shares

What if they kept their stock?

If Gary C. Kelly didn't sell their stock, today they would have:
Extra LUV453,876 shares worth $16.55M and LNC17,040 shares worth $584.30K.
This is -20.96% and $4.55M less than what they got when they sold the stock.

Charitable Transactions

LNC

3,000 shares

LNC

LUV

796,191 shares

LUV

Recent Charitable Transactions

LUV

84,212 shares

LUV

Sep 30, 2024

Charity

LUV

120,133 shares

LUV

Apr 30, 2024

Charity

LUV

3,200 shares

LUV

Nov 29, 2022

Charity

LUV

10,369 shares

LUV

May 3, 2022

Charity

LUV

56,000 shares

LUV

Apr 6, 2021

Charity

LUV

8,578 shares

LUV

Mar 1, 2021

Charity

Insider Trading

See recent insider trades of Gary C. Kelly.

LUV

84,212 shares

LUV

Sep 30, 2024

Charity

LUV

84,212 shares

LUV

Sep 30, 2024

Charity

LUV

$1.00M

LUV at $29.52/share

Sep 30, 2024

Purchase

LUV

120,133 shares

LUV

Apr 30, 2024

Charity

LUV

120,133 shares

LUV

Apr 30, 2024

Charity

LUV

86,303 shares

LUV

Jan 31, 2024

Received

LNC

$200.03K

LNC at $25.52/share

May 11, 2023

Purchase

LNC

$200.00K

LNC at $27.90/share

Feb 16, 2023

Purchase

LUV

53,326 shares

LUV

Feb 1, 2023

Received

LUV

3,200 shares

LUV

Nov 29, 2022

Charity

Compensation History

See how much did Gary C. Kelly make over time.

In 2023, Gary C. Kelly's total compensation package reached approximately $922,000. This amount is reflective of his base salary of $475,000, combined with additional benefits amounting to nearly $446,000. These benefits include perks like travel benefits on Southwest Airlines and reimbursements for medical expenses. It's worth noting that there were no cash bonuses or stock awards vested for 2023 due to restrictions linked to the company’s pandemic recovery efforts. In comparison, just a year earlier in 2022, his total compensation was over $5 million, which included significant stock awards that had vested. This sharp drop in compensation illustrates the impact of external conditions on executive pay, aligning it closely with the company's performance and shareholder interests.

Year

2023

Total Compensation

$921.28K

Salary

$475.00K

Board Justification

The compensation philosophy emphasizes alignment with shareholder interests, retention of talent, and internal equity among executives.

Bonus

$0.00

Board Justification

No cash incentive awards were granted in 2023 due to PSP Pay Restrictions.

Other

$446.28K

Board Justification

Includes perquisites such as free travel on Southwest Airlines, Rapid Rewards points, and reimbursement of medical expenses.

Restricted Stock

$0.00(0 RSU)

Board Justification

No stock awards were vested in 2023 as all long-term incentive compensation was in the form of equity awards, which are not included in the total compensation calculation.

Performance Metrics

Performance metrics for 2023 were based on the company's operational integrity and financial success, with a focus on achieving specific targets set by the Compensation Committee.

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