Southwest Airlines CEO Gary Kelly's 2019 pay rises 14% to $8.8M
Southwest Airlines reports 2019 executive compensation
By ExecPay News
Published: April 9, 2020
Southwest Airlines reported fiscal year 2019 executive compensation information on April 9, 2020.
In 2019, five executives at Southwest Airlines received on average a compensation package of $4.6M, a 6% increase compared to previous year.
Average pay of disclosed executives at Southwest Airlines
Gary C. Kelly, Chief Executive Officer, received $8.8M in total, which increased by 14% compared to 2018. 73% of Kelly's compensation, or $6.4M, was in stock awards. Kelly also received $300K in bonus, $89K of change in pension value and nonqualified deferred compensation earnings, $967K in non-equity incentive plan, $750K in salary, as well as $290K in other compensation.
For fiscal year 2019, the median employee pay was $101,302 at Southwest Airlines. Therefore, the ratio of Gary C. Kelly's pay to the median employee pay was 87 to one.
Thomas M. Nealon, President, received a compensation package of $3.8M, which increased by 2% compared to previous year. 65% of the compensation package, or $2.5M, was in stock awards.
Michael G. Van de Ven, Chief Operating Officer, earned $3.8M in 2019, a 2% increase compared to previous year.
Tammy Romo, Chief Financial Officer, received $3.2M in 2019, which increases by 2% compared to 2018.
Robert E. Jordan, Executive Vice President Corporate Services, earned $3.2M in 2019, a 2% increase compared to previous year.
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Source: SEC filing on April 9, 2020.