Southwest Airlines CEO Gary Kelly's 2018 pay rises 2% to $7.7M
Southwest Airlines reports 2018 executive compensation
By ExecPay News
Published: April 5, 2019
Southwest Airlines reported fiscal year 2018 executive compensation information on April 5, 2019.
In 2018, five executives at Southwest Airlines received on average a compensation package of $4.3M, a 10% increase compared to previous year.
Average pay of disclosed executives at Southwest Airlines
Gary C. Kelly, Chief Executive Officer, received $7.7M in total, which increased by 2% compared to 2017. 68% of Kelly's compensation, or $5.3M, was in stock awards. Kelly also received $300K in bonus, $73K of change in pension value and nonqualified deferred compensation earnings, $1.1M in non-equity incentive plan, $750K in salary, as well as $235K in other compensation.
For fiscal year 2018, the median employee pay was $78,494 at Southwest Airlines. Therefore, the ratio of Gary C. Kelly's pay to the median employee pay was 98 to one.
Thomas M. Nealon, President, received a compensation package of $3.8M, which increased by 11% compared to previous year. 64% of the compensation package, or $2.4M, was in stock awards.
Michael G. Van de Ven, Chief Operating Officer, earned $3.8M in 2018, a 9% increase compared to previous year.
Tammy Romo, Chief Financial Officer, received $3.1M in 2018, which increases by 4% compared to 2017.
Robert E. Jordan, Executive Vice President Corporate Services, earned $3.1M in 2018, a 6% increase compared to previous year.
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Source: SEC filing on April 5, 2019.