Southwest Airlines CEO Gary Kelly's 2020 pay rises 5% to $9.2M
Southwest Airlines reports 2020 executive compensation
By ExecPay News
Published: April 9, 2021
Southwest Airlines reported fiscal year 2020 executive compensation information on April 9, 2021.
In 2020, five executives at Southwest Airlines received on average a compensation package of $5.1M, a 11% increase compared to previous year.
Average pay of disclosed executives at Southwest Airlines
Gary C. Kelly, Chief Executive Officer, received $9.2M in total, which increased by 5% compared to 2019. 77% of Kelly's compensation, or $7.1M, was in stock awards. Kelly also received $300K in bonus, $107K of change in pension value and nonqualified deferred compensation earnings, $1.1M in non-equity incentive plan, $563K in salary, as well as $36K in other compensation.
For fiscal year 2020, the median employee pay was $66,269 at Southwest Airlines. Therefore, the ratio of Gary C. Kelly's pay to the median employee pay was 139 to one.
Thomas M. Nealon, President, received a compensation package of $4.4M, which increased by 15% compared to previous year. 70% of the compensation package, or $3.1M, was in stock awards.
Michael G. Van de Ven, Chief Operating Officer, earned $4.4M in 2020, a 15% increase compared to previous year.
Tammy Romo, Chief Financial Officer, received $3.6M in 2020, which increases by 14% compared to 2019.
Robert E. Jordan, Executive Vice President Corporate Services, earned $3.6M in 2020, a 14% increase compared to previous year.
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Source: SEC filing on April 9, 2021.