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...

Current Market Cap

$19.37B

Number of Employees

74.7K

Total Compensation

2019 - 2023

Trending down by -75.24% last year
Showing total compensation for the last 2019 - 2023

Stock

Down by -100.00% last year

Salary

Up by 0.00% last year

Bonus

Down by -100.00% last year

Other

Up by 243.87% last year

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.

SEC Filing

From April 5, 2024

Gary C. Kelly

CEO of Southwest Airlines

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Education

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

Field of Expertise

Finance & Banking - Finance

Born

March 12, 1961 - 63 years ago

Is Founder?

No

Current Tenure

20 years 4 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.

View Holdings

Insider Holdings of Gary C. Kelly

LNCLUV

$638.84K

-$15.42M (-96.02%)

Last Insider Trade

LUV

120,133 shares

LUV

Apr 30, 2024

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