In 2023, Gary C. Kelly earned $921.28K in total compensation at Southwest Airlines, primarily from $475.00K salary. Most recently acquired 33,921 shares in Sep 2024. Currently holds stock worth $8.68M. Has donated $28.64M in stock to charitable causes. Has led Southwest Airlines for over 21 years.
Compensation History
Annual executive compensation data for Gary C. Kelly, including salary, bonuses, and stock awards.
Year
2023
Total Compensation
$921.28K
Salary
$475.00K
Bonus
$0.00
Other
$446.28K
Salary
$475.00KBoard Justification
The compensation philosophy emphasizes alignment with shareholder interests, retention of talent, and internal equity among executives.
Bonus
$0.00Board Justification
No cash incentive awards were granted in 2023 due to PSP Pay Restrictions.
Other Compensation
$446.28KBoard Justification
Includes perquisites such as free travel on Southwest Airlines, Rapid Rewards points, and reimbursement of medical expenses.
Restricted Stock
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.
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
21 years 5 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.
Other Southwest Airlines CEOs
Holdings
Track Gary C. Kelly's stock holdings and portfolio value over time.
Total Stock Sold
$21.68M
$20.54M
453,876 LUV shares
$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 $16.25M and LNC17,040 shares worth $724.88K.
This is -21.7% and $4.70M less than what they got when they sold the stock.
Charitable Transactions
3,000 shares
LNC
796,191 shares
LUV
Recent Charitable Transactions
84,212 shares
LUV
Sep 30, 2024
Charity
120,133 shares
LUV
Apr 30, 2024
Charity
3,200 shares
LUV
Nov 29, 2022
Charity
10,369 shares
LUV
May 3, 2022
Charity
56,000 shares
LUV
Apr 6, 2021
Charity
8,578 shares
LUV
Mar 1, 2021
Charity
Insider Trading
Gary C. Kelly's recent stock transactions, purchases, and sales filed with the SEC.
84,212 shares
LUV
Sep 30, 2024
Charity
84,212 shares
LUV
Sep 30, 2024
Charity
$1.00M
LUV at $29.52/share
Sep 30, 2024
Purchase
120,133 shares
LUV
Apr 30, 2024
Charity
120,133 shares
LUV
Apr 30, 2024
Charity
86,303 shares
LUV
Jan 31, 2024
Received
$200.03K
LNC at $25.52/share
May 11, 2023
Purchase
$200.00K
LNC at $27.90/share
Feb 16, 2023
Purchase
53,326 shares
LUV
Feb 1, 2023
Received
3,200 shares
LUV
Nov 29, 2022
Charity
Rivals
Compare Gary C. Kelly with competitor CEOs and industry peers.
Ed Bastian
CEO of Delta Air Lines
2023 Compensation
Stock
$19.03M
Salary
$950.00K
Bonus
$9.60M
Other
$371.18K
Total Holdings
$136.07M
Robin Hayes
CEO of JetBlue Airways
2023 Compensation
Stock
$655.73K
Salary
$725.00K
Bonus
$3.06M
Other
$16.50K
Total Holdings
$952.51K
J. Scott Kirby
CEO of United Airlines Holdings
2023 Compensation
Stock
$10.71M
Salary
$1.10M
Bonus
$0.00
Other
$155.74K
Total Holdings
$324.01K
Russell A. "Chip" Childs
CEO of SkyWest
2023 Compensation
Stock
$444.95K
Salary
$546.88K
Bonus
$0.00
Other
$467.21K
Total Holdings
$1.51M
Brad Tilden
CEO of Alaska Air Group
2023 Compensation
Stock
$0.00
Salary
$637.69K
Bonus
$1.22M
Other
$386.45K
Total Holdings
$4.99M