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SOUTHWEST AIRLINES CO. 2024-2025 Proxy Voting Records

Compiled from SEC Form N-PX filings and SOUTHWEST AIRLINES CO.’s Form 8-K (Item 5.07 on EDGAR). Page generated 02 October 2026.

  • 17Ballot items
  • 790Asset managers
  • 10,345Fund votes
  • 2025-05-14Meeting date

Proxy season: 2023-2024 2024-2025 2025-2026

Explore SOUTHWEST AIRLINES CO. in the interactive database Compare manager voting policies

Official 2024-2025 meeting results reported by SOUTHWEST AIRLINES CO.

These tallies are SOUTHWEST AIRLINES CO.’s own, as disclosed to the U.S. Securities and Exchange Commission on Form 8-K (Item 5.07, “Submission of Matters to a Vote of Security Holders”). They cover every share voted at the meeting, not just the funds that file Form N-PX.

SOUTHWEST AIRLINES CO. — official shareholder meeting results, meeting held 2025-05-14
Ballot itemForAgainst AbstainWithheldBroker non-votesOutcome
Elect Director: Lisa M. Atherton 409,574,44217,094,0781,622,423 --81,357,030 Majority: yes
Elect Director: Pierre R. Breber 417,117,5569,763,8551,409,532 --81,357,030 Majority: yes
Elect Director: Douglas H. Brooks 408,013,41818,852,4201,425,105 --81,357,030 Majority: yes
Elect Director: C. David Cush 412,036,64115,145,9961,108,306 --81,357,030 Majority: yes
Elect Director: Sarah E. Feinberg 413,746,17113,238,1121,306,660 --81,357,030 Majority: yes
Elect Director: Robert L. Fornaro 413,995,86312,876,0181,419,062 --81,357,030 Majority: yes
Elect Director: Rakesh Gangwal 412,395,18314,798,4361,097,324 --81,357,030 Majority: yes
Elect Director: David J. Grissen 415,316,98811,594,2511,379,704 --81,357,030 Majority: yes
Elect Director: David P. Hess 409,684,67417,058,3241,547,945 --81,357,030 Majority: yes
Elect Director: Robert E. Jordan 405,379,25821,380,2461,531,439 --81,357,030 Majority: yes
Elect Director: Christopher P. Reynolds 405,776,95821,026,5431,487,442 --81,357,030 Majority: yes
Elect Director: Gregg A. Saretsky 411,959,55814,974,9021,356,483 --81,357,030 Majority: yes
Elect Director: Patricia A. Watson 414,055,88812,920,0801,314,975 --81,357,030 Majority: yes
Proposal 2: An advisory (non-binding) vote to approve the compensation of the Company's named executive officers: 401,418,26825,796,5571,076,118 --81,357,030 Majority: yes
Proposal 3: proposal to ratify the selection of Ernst & Young LLP as the Company's independent auditors for the fiscal year ending December 31, 2025: 494,855,46513,483,8011,308,707 --0 Majority: yes
Proposal 4: An advisory (non-binding) vote on a shareholder proposal to amend clawback policy for unearned executive pay: 21,779,309404,403,0872,108,547 --81,357,030 Majority: no

Source: SOUTHWEST AIRLINES CO., Form 8-K — read the filing on EDGAR.

How asset managers voted at the SOUTHWEST AIRLINES CO. 2024-2025 meeting

Each item below shows how the 790 asset managers that disclosed a SOUTHWEST AIRLINES CO. vote in their SEC Form N-PX filings actually voted. Share totals are the shares those managers' funds voted, summed across every fund they report.

1. Advisory vote to approve the compensation of the Company's named executive officers.

SECTION 14A SAY-ON-PAY VOTESMajority of the votes cast: yes

Meeting held 2025-05-14.

Combines 19 wordings of this item as funds reported it.

94% Majority: yes · of votes cast

FOR 94%
FOR: 401,418,268AGAINST: 25,796,557

SOUTHWEST AIRLINES CO.’s own tally for this item (“Proposal 2: An advisory (non-binding) vote to approve the compensation of the Company's named executive officers:”): 401,418,268 for, 25,796,557 against, per its Form 8-K (Item 5.07). FOR was more than half of the votes cast. Whether the item passed is for the filing to say; its statement has not been read for this item. Of all 569,865,799 outstanding shares: 70% for, 5% against (75% of the company cast a for/against vote).

The 772 asset managers below cast 96% of the shares they voted on this item FOR. Fund share totals are not shown for this item: fund-reported shares overlap across filings (an adviser and the funds it manages can each report the same shares), and here their sum exceeds the total votes cast at the meeting.

FOR 96%
FOR: 95.8%AGAINST: 4.2%ABSTAIN: 0.0%NOT VOTED: 0.0%A: 0.0%0: 0.0%
Largest asset managers voting on “Advisory vote to approve the compensation of the Company's named executive officers.” at SOUTHWEST AIRLINES CO., 2024-2025
Asset managerForAgainst AbstainWithheldVote
Vanguard110,626,36515 10For
PRIMECAP MANAGEMENT CO/CA/47,901,8330 00For
Elliott42,548,9570 00For
T. Rowe Price36,580,0330 00For
BlackRock24,082,1561,298 00For
Fidelity20,047,2370 00For
Capital Group16,810,9670 00For
GEODE CAPITAL MANAGEMENT, LLC14,023,0820 00For
Invesco12,045,1770 00For
American Century011,358,311 00Against
State Street11,281,8670 00For
Artisan10,557,6350 00For
JPMorgan9,302,6630 00For
Charles Schwab6,942,2570 00For
Columbia Threadneedle6,143,8310 00For
PRIMECAP Odyssey Funds5,763,5100 00For
Thrivent5,178,2890 00For
Northern Trust4,007,8770 00For
Dimensional2,757,3570 00For
PARAMETRIC PORTFOLIO ASSOCIATES LLC2,174,3150 00For
MELLON INVESTMENTS Corp02,039,297 00Against
John Hancock2,024,7410 00For
AMERIPRISE FINANCIAL INC1,567,9760 00For
Nuveen1,464,6220 00For
Interval Partners, LP1,446,3650 00For

Showing the 25 largest of 772 asset managers. See all 772 in the interactive database.

2. Advisory vote on shareholder proposal to amend clawback policy for executive pay.

COMPENSATIONMajority of the votes cast: no

Meeting held 2025-05-14.

Combines 10 wordings of this item as funds reported it.

5% Majority: no · of votes cast

AGAINST 95%
FOR: 21,779,309AGAINST: 404,403,087

SOUTHWEST AIRLINES CO.’s own tally for this item (“Proposal 4: An advisory (non-binding) vote on a shareholder proposal to amend clawback policy for unearned executive pay:”): 21,779,309 for, 404,403,087 against, per its Form 8-K (Item 5.07). FOR was not more than half of the votes cast. Whether the item passed is for the filing to say; its statement has not been read for this item. Of all 569,865,799 outstanding shares: 4% for, 71% against (75% of the company cast a for/against vote).

The 143 asset managers below cast 0.7% of the shares they voted on this item FOR (1,800,990 for, 258,193,732 against).

AGAINST 99.3%
FOR: 1,800,990 (0.7%)AGAINST: 258,193,732 (99.3%)ABSTAIN: 16,998 (0.0%)
Largest asset managers voting on “Advisory vote on shareholder proposal to amend clawback policy for executive pay.” at SOUTHWEST AIRLINES CO., 2024-2025
Asset managerForAgainst AbstainWithheldVote
Vanguard5,491108,394,588 20Against
Elliott042,548,957 00Against
Fidelity015,736,175 00Against
BlackRock12,09815,370,717 00Against
T. Rowe Price012,519,417 00Against
Capital Group08,145,671 00Against
American Century06,361,004 00Against
Columbia Threadneedle06,114,842 00Against
PRIMECAP Odyssey Funds05,763,510 00Against
Invesco05,731,514 00Against
Charles Schwab03,430,057 00Against
JPMorgan03,148,329 00Against
Thrivent02,566,898 00Against
State Street6252,474,499 00Against
Dimensional02,341,830 00Against
John Hancock01,674,320 00Against
TIAA1,421,5130 00For
Bridge Builder Trust01,306,165 00Against
Equitable01,236,446 00Against
Prudential/PGIM155,287880,951 00Against
Artisan0907,573 00Against
SOUND SHORE FUND INC0877,760 00Against
Empower0791,609 00Against
Lincoln Financial0770,392 00Against
ALPS ETF Trust0747,927 00Against

Showing the 25 largest of 143 asset managers. See all 143 in the interactive database.

3. Ratification of the selection of Ernst & Young LLP as the Company's independent auditors for the fiscal year ending December 31, 2025.

AUDIT-RELATEDMajority of the votes cast: yes

Meeting held 2025-05-14.

Combines 7 wordings of this item as funds reported it.

97% Majority: yes · of votes cast

FOR 97%
FOR: 494,855,465AGAINST: 13,483,801

SOUTHWEST AIRLINES CO.’s own tally for this item (“Proposal 3: proposal to ratify the selection of Ernst & Young LLP as the Company's independent auditors for the fiscal year ending December 31, 2025:”): 494,855,465 for, 13,483,801 against, per its Form 8-K (Item 5.07). FOR was more than half of the votes cast. Whether the item passed is for the filing to say; its statement has not been read for this item. Of all 569,865,799 outstanding shares: 87% for, 2% against (89% of the company cast a for/against vote).

The 133 asset managers below cast 99.9% of the shares they voted on this item FOR (217,149,588 for, 166,272 against).

FOR 99.9%
FOR: 217,149,588 (99.9%)AGAINST: 166,272 (0.1%)ABSTAIN: 16,367 (0.0%)
Largest asset managers voting on “Ratification of the selection of Ernst & Young LLP as the Company's independent auditors for the fiscal year e” at SOUTHWEST AIRLINES CO., 2024-2025
Asset managerForAgainst AbstainWithheldVote
Vanguard108,394,5975,483 10For
Fidelity15,736,1750 00For
BlackRock15,382,8150 00For
T. Rowe Price12,519,4170 00For
Capital Group8,145,6710 00For
American Century6,361,0040 00For
Columbia Threadneedle6,114,8420 00For
PRIMECAP Odyssey Funds5,763,5100 00For
Invesco5,731,5140 00For
Charles Schwab3,430,0570 00For
JPMorgan3,148,3290 00For
Thrivent2,566,8980 00For
State Street2,474,990134 00For
Dimensional2,341,8300 00For
John Hancock1,674,3200 00For
TIAA1,421,5130 00For
Bridge Builder Trust1,306,1650 00For
Equitable1,236,4460 00For
Prudential/PGIM1,036,2380 00For
Artisan907,5730 00For
SOUND SHORE FUND INC877,7600 00For
Empower791,6090 00For
Lincoln Financial770,3920 00For
ALPS ETF Trust747,9270 00For
Pacific Life694,4720 00For

Showing the 25 largest of 133 asset managers. See all 133 in the interactive database.

4. Election of Directors: C. David Cush

DIRECTOR ELECTIONSMajority of the votes cast: yes

Meeting held 2025-05-14.

Combines 5 wordings of this item as funds reported it.

96% Majority: yes · of votes cast

FOR 96%
FOR: 412,036,641AGAINST: 15,145,996

SOUTHWEST AIRLINES CO.’s own tally for this item (“Elect Director: C. David Cush”): 412,036,641 for, 15,145,996 against, per its Form 8-K (Item 5.07). FOR was more than half of the votes cast. Whether the item passed is for the filing to say; its statement has not been read for this item. Of all 569,865,799 outstanding shares: 72% for, 3% against (75% of the company cast a for/against vote).

The 131 asset managers below cast 99.9% of the shares they voted on this item FOR (216,437,919 for, 31 against).

FOR 99.9%
FOR: 216,437,919 (100.0%)AGAINST: 31 (0.0%)ABSTAIN: 16,367 (0.0%)
Largest asset managers voting on “Election of Directors: C. David Cush” at SOUTHWEST AIRLINES CO., 2024-2025
Asset managerForAgainst AbstainWithheldVote
Vanguard108,400,06712 10For
Fidelity15,736,1750 00For
BlackRock15,382,8150 00For
T. Rowe Price12,519,4170 00For
Capital Group8,145,6710 00For
American Century6,361,0040 00For
Columbia Threadneedle6,114,8420 00For
PRIMECAP Odyssey Funds5,763,5100 00For
Invesco5,731,5140 00For
Charles Schwab3,430,0570 00For
JPMorgan3,148,3290 00For
Thrivent2,566,8980 00For
State Street2,475,1240 00For
Dimensional2,341,8300 00For
John Hancock1,674,3200 00For
TIAA1,421,5130 00For
Bridge Builder Trust1,306,1650 00For
Equitable1,236,4460 00For
Prudential/PGIM1,036,2380 00For
Artisan907,5730 00For
Empower791,6090 00For
Lincoln Financial770,3920 00For
ALPS ETF Trust747,9270 00For
Pacific Life694,4720 00For
TOUCHSTONE FUNDS GROUP TRUST563,8600 00For

Showing the 25 largest of 131 asset managers. See all 131 in the interactive database.

5. Election of Directors: Christopher P. Reynolds

DIRECTOR ELECTIONSMajority of the votes cast: yes

Meeting held 2025-05-14.

Combines 6 wordings of this item as funds reported it.

95% Majority: yes · of votes cast

FOR 95%
FOR: 405,776,958AGAINST: 21,026,543

SOUTHWEST AIRLINES CO.’s own tally for this item (“Elect Director: Christopher P. Reynolds”): 405,776,958 for, 21,026,543 against, per its Form 8-K (Item 5.07). FOR was more than half of the votes cast. Whether the item passed is for the filing to say; its statement has not been read for this item. Of all 569,865,799 outstanding shares: 71% for, 4% against (75% of the company cast a for/against vote).

The 131 asset managers below cast 99% of the shares they voted on this item FOR (213,781,311 for, 2,656,639 against).

FOR 99%
FOR: 213,781,311 (98.8%)AGAINST: 2,656,639 (1.2%)ABSTAIN: 16,368 (0.0%)
Largest asset managers voting on “Election of Directors: Christopher P. Reynolds” at SOUTHWEST AIRLINES CO., 2024-2025
Asset managerForAgainst AbstainWithheldVote
Vanguard108,394,5885,490 10For
Fidelity15,736,1750 00For
BlackRock15,378,8803,935 00For
T. Rowe Price12,519,4170 00For
Capital Group8,145,6710 00For
American Century6,361,0040 00For
Columbia Threadneedle6,114,8420 00For
PRIMECAP Odyssey Funds5,763,5100 00For
Invesco5,731,5140 00For
Charles Schwab3,430,0570 00For
JPMorgan3,148,3290 00For
Thrivent2,566,8980 00For
State Street2,475,1240 00For
Dimensional02,341,830 00Against
John Hancock1,614,60759,713 00For
TIAA1,421,5130 00For
Bridge Builder Trust1,306,1650 00For
Equitable1,236,4460 00For
Prudential/PGIM1,015,23821,000 00For
Artisan907,5730 00For
Empower791,6090 00For
Lincoln Financial735,45234,940 00For
ALPS ETF Trust747,9270 00For
Pacific Life694,4720 00For
TOUCHSTONE FUNDS GROUP TRUST563,8600 00For

Showing the 25 largest of 131 asset managers. See all 131 in the interactive database.

6. Election of Directors: David J. Grissen

DIRECTOR ELECTIONSMajority of the votes cast: yes

Meeting held 2025-05-14.

Combines 5 wordings of this item as funds reported it.

97% Majority: yes · of votes cast

FOR 97%
FOR: 415,316,988AGAINST: 11,594,251

SOUTHWEST AIRLINES CO.’s own tally for this item (“Elect Director: David J. Grissen”): 415,316,988 for, 11,594,251 against, per its Form 8-K (Item 5.07). FOR was more than half of the votes cast. Whether the item passed is for the filing to say; its statement has not been read for this item. Of all 569,865,799 outstanding shares: 73% for, 2% against (75% of the company cast a for/against vote).

The 131 asset managers below cast 99.9% of the shares they voted on this item FOR (216,410,590 for, 27,360 against).

FOR 99.9%
FOR: 216,410,590 (100.0%)AGAINST: 27,360 (0.0%)ABSTAIN: 16,368 (0.0%)
Largest asset managers voting on “Election of Directors: David J. Grissen” at SOUTHWEST AIRLINES CO., 2024-2025
Asset managerForAgainst AbstainWithheldVote
Vanguard108,394,5955,483 10For
Fidelity15,736,1750 00For
BlackRock15,378,8803,935 00For
T. Rowe Price12,519,4170 00For
Capital Group8,145,6710 00For
American Century6,361,0040 00For
Columbia Threadneedle6,114,8420 00For
PRIMECAP Odyssey Funds5,763,5100 00For
Invesco5,731,5140 00For
Charles Schwab3,430,0570 00For
JPMorgan3,148,3290 00For
Thrivent2,566,8980 00For
State Street2,475,1240 00For
Dimensional2,341,8300 00For
John Hancock1,674,3200 00For
TIAA1,421,5130 00For
Bridge Builder Trust1,306,1650 00For
Equitable1,236,4460 00For
Prudential/PGIM1,036,2380 00For
Artisan907,5730 00For
Empower791,6090 00For
Lincoln Financial770,3920 00For
ALPS ETF Trust747,9270 00For
Pacific Life694,4720 00For
TOUCHSTONE FUNDS GROUP TRUST563,8600 00For

Showing the 25 largest of 131 asset managers. See all 131 in the interactive database.

7. Election of Directors: David P. Hess

DIRECTOR ELECTIONSMajority of the votes cast: yes

Meeting held 2025-05-14.

Combines 5 wordings of this item as funds reported it.

96% Majority: yes · of votes cast

FOR 96%
FOR: 409,684,674AGAINST: 17,058,324

SOUTHWEST AIRLINES CO.’s own tally for this item (“Elect Director: David P. Hess”): 409,684,674 for, 17,058,324 against, per its Form 8-K (Item 5.07). FOR was more than half of the votes cast. Whether the item passed is for the filing to say; its statement has not been read for this item. Of all 569,865,799 outstanding shares: 72% for, 3% against (75% of the company cast a for/against vote).

The 131 asset managers below cast 99% of the shares they voted on this item FOR (213,827,106 for, 2,610,844 against).

FOR 99%
FOR: 213,827,106 (98.8%)AGAINST: 2,610,844 (1.2%)ABSTAIN: 16,368 (0.0%)
Largest asset managers voting on “Election of Directors: David P. Hess” at SOUTHWEST AIRLINES CO., 2024-2025
Asset managerForAgainst AbstainWithheldVote
Vanguard108,394,5915,487 10For
Fidelity15,736,1750 00For
BlackRock15,378,8803,935 00For
T. Rowe Price12,519,4170 00For
Capital Group8,145,6710 00For
American Century6,361,0040 00For
Columbia Threadneedle6,114,8420 00For
PRIMECAP Odyssey Funds5,763,5100 00For
Invesco5,731,5140 00For
Charles Schwab3,430,0570 00For
JPMorgan3,148,3290 00For
Thrivent2,566,8980 00For
State Street2,475,1240 00For
Dimensional02,341,830 00Against
John Hancock1,614,60759,713 00For
TIAA1,421,5130 00For
Bridge Builder Trust1,306,1650 00For
Equitable1,236,4460 00For
Prudential/PGIM1,015,23821,000 00For
Artisan907,5730 00For
Empower791,6090 00For
Lincoln Financial735,45234,940 00For
ALPS ETF Trust747,9270 00For
Pacific Life694,4720 00For
TOUCHSTONE FUNDS GROUP TRUST563,8600 00For

Showing the 25 largest of 131 asset managers. See all 131 in the interactive database.

8. Election of Directors: Douglas H. Brooks

DIRECTOR ELECTIONSMajority of the votes cast: yes

Meeting held 2025-05-14.

Combines 6 wordings of this item as funds reported it.

96% Majority: yes · of votes cast

FOR 96%
FOR: 408,013,418AGAINST: 18,852,420

SOUTHWEST AIRLINES CO.’s own tally for this item (“Elect Director: Douglas H. Brooks”): 408,013,418 for, 18,852,420 against, per its Form 8-K (Item 5.07). FOR was more than half of the votes cast. Whether the item passed is for the filing to say; its statement has not been read for this item. Of all 569,865,799 outstanding shares: 72% for, 3% against (75% of the company cast a for/against vote).

The 131 asset managers below cast 99% of the shares they voted on this item FOR (213,816,237 for, 2,621,714 against).

FOR 99%
FOR: 213,816,237 (98.8%)AGAINST: 2,621,714 (1.2%)ABSTAIN: 16,368 (0.0%)
Largest asset managers voting on “Election of Directors: Douglas H. Brooks” at SOUTHWEST AIRLINES CO., 2024-2025
Asset managerForAgainst AbstainWithheldVote
Vanguard108,400,06514 10For
Fidelity15,736,1750 00For
BlackRock15,382,8150 00For
T. Rowe Price12,519,4170 00For
Capital Group8,145,6710 00For
American Century6,361,0040 00For
Columbia Threadneedle6,114,8420 00For
PRIMECAP Odyssey Funds5,763,5100 00For
Invesco5,731,5140 00For
Charles Schwab3,430,0570 00For
JPMorgan3,148,3290 00For
Thrivent2,566,8980 00For
State Street2,474,990134 00For
Dimensional02,341,830 00Against
John Hancock1,614,60759,713 00For
TIAA1,421,5130 00For
Bridge Builder Trust1,306,1650 00For
Equitable1,236,4460 00For
Prudential/PGIM1,015,23821,000 00For
Artisan907,5730 00For
Empower791,6090 00For
Lincoln Financial735,45234,940 00For
ALPS ETF Trust747,9270 00For
Pacific Life694,4720 00For
TOUCHSTONE FUNDS GROUP TRUST563,8600 00For

Showing the 25 largest of 131 asset managers. See all 131 in the interactive database.

9. Election of Directors: Gregg A. Saretsky

DIRECTOR ELECTIONSMajority of the votes cast: yes

Meeting held 2025-05-14.

Combines 6 wordings of this item as funds reported it.

96% Majority: yes · of votes cast

FOR 96%
FOR: 411,959,558AGAINST: 14,974,902

SOUTHWEST AIRLINES CO.’s own tally for this item (“Elect Director: Gregg A. Saretsky”): 411,959,558 for, 14,974,902 against, per its Form 8-K (Item 5.07). FOR was more than half of the votes cast. Whether the item passed is for the filing to say; its statement has not been read for this item. Of all 569,865,799 outstanding shares: 72% for, 3% against (75% of the company cast a for/against vote).

The 131 asset managers below cast 99.9% of the shares they voted on this item FOR (216,435,150 for, 2,800 against).

FOR 99.9%
FOR: 216,435,150 (100.0%)AGAINST: 2,800 (0.0%)ABSTAIN: 16,368 (0.0%)
Largest asset managers voting on “Election of Directors: Gregg A. Saretsky” at SOUTHWEST AIRLINES CO., 2024-2025
Asset managerForAgainst AbstainWithheldVote
Vanguard108,400,06712 10For
Fidelity15,736,1750 00For
BlackRock15,382,8150 00For
T. Rowe Price12,519,4170 00For
Capital Group8,145,6710 00For
American Century6,361,0040 00For
Columbia Threadneedle6,114,8420 00For
PRIMECAP Odyssey Funds5,763,5100 00For
Invesco5,731,5140 00For
Charles Schwab3,430,0570 00For
JPMorgan3,148,3290 00For
Thrivent2,566,8980 00For
State Street2,475,1240 00For
Dimensional2,341,8300 00For
John Hancock1,674,3200 00For
TIAA1,421,5130 00For
Bridge Builder Trust1,306,1650 00For
Equitable1,236,4460 00For
Prudential/PGIM1,036,2380 00For
Artisan907,5730 00For
Empower791,6090 00For
Lincoln Financial770,3920 00For
ALPS ETF Trust747,9270 00For
Pacific Life694,4720 00For
TOUCHSTONE FUNDS GROUP TRUST563,8600 00For

Showing the 25 largest of 131 asset managers. See all 131 in the interactive database.

10. Election of Directors: Lisa M. Atherton

DIRECTOR ELECTIONSMajority of the votes cast: yes

Meeting held 2025-05-14.

Combines 6 wordings of this item as funds reported it.

96% Majority: yes · of votes cast

FOR 96%
FOR: 409,574,442AGAINST: 17,094,078

SOUTHWEST AIRLINES CO.’s own tally for this item (“Elect Director: Lisa M. Atherton”): 409,574,442 for, 17,094,078 against, per its Form 8-K (Item 5.07). FOR was more than half of the votes cast. Whether the item passed is for the filing to say; its statement has not been read for this item. Of all 569,865,799 outstanding shares: 72% for, 3% against (75% of the company cast a for/against vote).

The 131 asset managers below cast 99% of the shares they voted on this item FOR (213,848,398 for, 2,589,552 against).

FOR 99%
FOR: 213,848,398 (98.8%)AGAINST: 2,589,552 (1.2%)ABSTAIN: 16,368 (0.0%)
Largest asset managers voting on “Election of Directors: Lisa M. Atherton” at SOUTHWEST AIRLINES CO., 2024-2025
Asset managerForAgainst AbstainWithheldVote
Vanguard108,400,06514 10For
Fidelity15,736,1750 00For
BlackRock15,382,8150 00For
T. Rowe Price12,519,4170 00For
Capital Group8,145,6710 00For
American Century6,361,0040 00For
Columbia Threadneedle6,114,8420 00For
PRIMECAP Odyssey Funds5,763,5100 00For
Invesco5,731,5140 00For
Charles Schwab3,430,0570 00For
JPMorgan3,148,3290 00For
Thrivent2,566,8980 00For
State Street2,475,1240 00For
Dimensional02,341,830 00Against
John Hancock1,614,60759,713 00For
TIAA1,421,5130 00For
Bridge Builder Trust1,306,1650 00For
Equitable1,236,4460 00For
Prudential/PGIM1,015,23821,000 00For
Artisan907,5730 00For
Empower791,6090 00For
Lincoln Financial735,45234,940 00For
ALPS ETF Trust747,9270 00For
Pacific Life694,4720 00For
TOUCHSTONE FUNDS GROUP TRUST563,8600 00For

Showing the 25 largest of 131 asset managers. See all 131 in the interactive database.

11. Election of Directors: Patricia A. Watson

DIRECTOR ELECTIONSMajority of the votes cast: yes

Meeting held 2025-05-14.

Combines 6 wordings of this item as funds reported it.

97% Majority: yes · of votes cast

FOR 97%
FOR: 414,055,888AGAINST: 12,920,080

SOUTHWEST AIRLINES CO.’s own tally for this item (“Elect Director: Patricia A. Watson”): 414,055,888 for, 12,920,080 against, per its Form 8-K (Item 5.07). FOR was more than half of the votes cast. Whether the item passed is for the filing to say; its statement has not been read for this item. Of all 569,865,799 outstanding shares: 73% for, 2% against (75% of the company cast a for/against vote).

The 131 asset managers below cast 99.9% of the shares they voted on this item FOR (216,434,681 for, 3,268 against).

FOR 99.9%
FOR: 216,434,681 (100.0%)AGAINST: 3,268 (0.0%)ABSTAIN: 16,368 (0.0%)
Largest asset managers voting on “Election of Directors: Patricia A. Watson” at SOUTHWEST AIRLINES CO., 2024-2025
Asset managerForAgainst AbstainWithheldVote
Vanguard108,400,06810 10For
Fidelity15,736,1750 00For
BlackRock15,382,8150 00For
T. Rowe Price12,519,4170 00For
Capital Group8,145,6710 00For
American Century6,361,0040 00For
Columbia Threadneedle6,114,8420 00For
PRIMECAP Odyssey Funds5,763,5100 00For
Invesco5,731,5140 00For
Charles Schwab3,430,0570 00For
JPMorgan3,148,3290 00For
Thrivent2,566,8980 00For
State Street2,475,1240 00For
Dimensional2,341,8300 00For
John Hancock1,674,3200 00For
TIAA1,421,5130 00For
Bridge Builder Trust1,306,1650 00For
Equitable1,236,4460 00For
Prudential/PGIM1,036,2380 00For
Artisan907,5730 00For
Empower791,6090 00For
Lincoln Financial770,3920 00For
ALPS ETF Trust747,9270 00For
Pacific Life694,4720 00For
TOUCHSTONE FUNDS GROUP TRUST563,8600 00For

Showing the 25 largest of 131 asset managers. See all 131 in the interactive database.

12. Election of Directors: Pierre R. Breber

DIRECTOR ELECTIONSMajority of the votes cast: yes

Meeting held 2025-05-14.

Combines 5 wordings of this item as funds reported it.

98% Majority: yes · of votes cast

FOR 98%
FOR: 417,117,556AGAINST: 9,763,855

SOUTHWEST AIRLINES CO.’s own tally for this item (“Elect Director: Pierre R. Breber”): 417,117,556 for, 9,763,855 against, per its Form 8-K (Item 5.07). FOR was more than half of the votes cast. Whether the item passed is for the filing to say; its statement has not been read for this item. Of all 569,865,799 outstanding shares: 73% for, 2% against (75% of the company cast a for/against vote).

The 131 asset managers below cast 99.9% of the shares they voted on this item FOR (216,434,672 for, 3,278 against).

FOR 99.9%
FOR: 216,434,672 (100.0%)AGAINST: 3,278 (0.0%)ABSTAIN: 16,368 (0.0%)
Largest asset managers voting on “Election of Directors: Pierre R. Breber” at SOUTHWEST AIRLINES CO., 2024-2025
Asset managerForAgainst AbstainWithheldVote
Vanguard108,400,0718 10For
Fidelity15,736,1750 00For
BlackRock15,382,8150 00For
T. Rowe Price12,519,4170 00For
Capital Group8,145,6710 00For
American Century6,361,0040 00For
Columbia Threadneedle6,114,8420 00For
PRIMECAP Odyssey Funds5,763,5100 00For
Invesco5,731,5140 00For
Charles Schwab3,430,0570 00For
JPMorgan3,148,3290 00For
Thrivent2,566,8980 00For
State Street2,475,1240 00For
Dimensional2,341,8300 00For
John Hancock1,674,3200 00For
TIAA1,421,5130 00For
Bridge Builder Trust1,306,1650 00For
Equitable1,236,4460 00For
Prudential/PGIM1,036,2380 00For
Artisan907,5730 00For
Empower791,6090 00For
Lincoln Financial770,3920 00For
ALPS ETF Trust747,9270 00For
Pacific Life694,4720 00For
TOUCHSTONE FUNDS GROUP TRUST563,8600 00For

Showing the 25 largest of 131 asset managers. See all 131 in the interactive database.

13. Election of Directors: Rakesh Gangwal

DIRECTOR ELECTIONSMajority of the votes cast: yes

Meeting held 2025-05-14.

Combines 5 wordings of this item as funds reported it.

97% Majority: yes · of votes cast

FOR 97%
FOR: 412,395,183AGAINST: 14,798,436

SOUTHWEST AIRLINES CO.’s own tally for this item (“Elect Director: Rakesh Gangwal”): 412,395,183 for, 14,798,436 against, per its Form 8-K (Item 5.07). FOR was more than half of the votes cast. Whether the item passed is for the filing to say; its statement has not been read for this item. Of all 569,865,799 outstanding shares: 72% for, 3% against (75% of the company cast a for/against vote).

The 131 asset managers below cast 99% of the shares they voted on this item FOR (213,922,856 for, 2,515,096 against).

FOR 99%
FOR: 213,922,856 (98.8%)AGAINST: 2,515,096 (1.2%)ABSTAIN: 16,367 (0.0%)
Largest asset managers voting on “Election of Directors: Rakesh Gangwal” at SOUTHWEST AIRLINES CO., 2024-2025
Asset managerForAgainst AbstainWithheldVote
Vanguard108,394,5935,486 10For
Fidelity15,736,1750 00For
BlackRock15,378,8803,935 00For
T. Rowe Price12,519,4170 00For
Capital Group8,145,6710 00For
American Century6,361,0040 00For
Columbia Threadneedle6,114,8420 00For
PRIMECAP Odyssey Funds5,763,5100 00For
Invesco5,731,5140 00For
Charles Schwab3,430,0570 00For
JPMorgan3,148,3290 00For
Thrivent2,566,8980 00For
State Street2,475,1240 00For
Dimensional02,341,830 00Against
John Hancock1,614,60759,713 00For
TIAA1,421,5130 00For
Bridge Builder Trust1,306,1650 00For
Equitable1,236,4460 00For
Prudential/PGIM1,015,23821,000 00For
Artisan907,5730 00For
Empower791,6090 00For
Lincoln Financial735,45234,940 00For
ALPS ETF Trust747,9270 00For
Pacific Life694,4720 00For
TOUCHSTONE FUNDS GROUP TRUST563,8600 00For

Showing the 25 largest of 131 asset managers. See all 131 in the interactive database.

14. Election of Directors: Robert E. Jordan

DIRECTOR ELECTIONSMajority of the votes cast: yes

Meeting held 2025-05-14.

Combines 6 wordings of this item as funds reported it.

95% Majority: yes · of votes cast

FOR 95%
FOR: 405,379,258AGAINST: 21,380,246

SOUTHWEST AIRLINES CO.’s own tally for this item (“Elect Director: Robert E. Jordan”): 405,379,258 for, 21,380,246 against, per its Form 8-K (Item 5.07). FOR was more than half of the votes cast. Whether the item passed is for the filing to say; its statement has not been read for this item. Of all 569,865,799 outstanding shares: 71% for, 4% against (75% of the company cast a for/against vote).

The 131 asset managers below cast 98% of the shares they voted on this item FOR (213,029,454 for, 3,408,496 against).

FOR 98%
FOR: 213,029,454 (98.4%)AGAINST: 3,408,496 (1.6%)ABSTAIN: 16,368 (0.0%)
Largest asset managers voting on “Election of Directors: Robert E. Jordan” at SOUTHWEST AIRLINES CO., 2024-2025
Asset managerForAgainst AbstainWithheldVote
Vanguard108,400,06118 10For
Fidelity15,736,1750 00For
BlackRock15,382,8150 00For
T. Rowe Price12,519,4170 00For
Capital Group8,145,6710 00For
American Century6,361,0040 00For
Columbia Threadneedle6,114,8420 00For
PRIMECAP Odyssey Funds5,763,5100 00For
Invesco5,731,5140 00For
Charles Schwab3,430,0570 00For
JPMorgan3,148,3290 00For
Thrivent2,566,8980 00For
State Street2,475,1240 00For
Dimensional02,341,830 00Against
John Hancock1,614,60759,713 00For
TIAA1,421,5130 00For
Bridge Builder Trust1,306,1650 00For
Equitable1,236,4460 00For
Prudential/PGIM1,015,23821,000 00For
Artisan0907,573 00Against
Empower791,6090 00For
Lincoln Financial735,45234,940 00For
ALPS ETF Trust747,9270 00For
Pacific Life694,4720 00For
TOUCHSTONE FUNDS GROUP TRUST563,8600 00For

Showing the 25 largest of 131 asset managers. See all 131 in the interactive database.

15. Election of Directors: Robert L. Fornaro

DIRECTOR ELECTIONSMajority of the votes cast: yes

Meeting held 2025-05-14.

Combines 6 wordings of this item as funds reported it.

97% Majority: yes · of votes cast

FOR 97%
FOR: 413,995,863AGAINST: 12,876,018

SOUTHWEST AIRLINES CO.’s own tally for this item (“Elect Director: Robert L. Fornaro”): 413,995,863 for, 12,876,018 against, per its Form 8-K (Item 5.07). FOR was more than half of the votes cast. Whether the item passed is for the filing to say; its statement has not been read for this item. Of all 569,865,799 outstanding shares: 73% for, 2% against (75% of the company cast a for/against vote).

The 131 asset managers below cast 99% of the shares they voted on this item FOR (213,823,341 for, 2,614,609 against).

FOR 99%
FOR: 213,823,341 (98.8%)AGAINST: 2,614,609 (1.2%)ABSTAIN: 16,368 (0.0%)
Largest asset managers voting on “Election of Directors: Robert L. Fornaro” at SOUTHWEST AIRLINES CO., 2024-2025
Asset managerForAgainst AbstainWithheldVote
Vanguard108,400,06810 10For
Fidelity15,736,1750 00For
BlackRock15,372,56310,252 00For
T. Rowe Price12,519,4170 00For
Capital Group8,145,6710 00For
American Century6,361,0040 00For
Columbia Threadneedle6,114,8420 00For
PRIMECAP Odyssey Funds5,763,5100 00For
Invesco5,731,5140 00For
Charles Schwab3,430,0570 00For
JPMorgan3,148,3290 00For
Thrivent2,566,8980 00For
State Street2,474,780344 00For
Dimensional02,341,830 00Against
John Hancock1,614,60759,713 00For
TIAA1,421,5130 00For
Bridge Builder Trust1,306,1650 00For
Equitable1,236,4460 00For
Prudential/PGIM1,015,23821,000 00For
Artisan907,5730 00For
Empower791,6090 00For
Lincoln Financial735,45234,940 00For
ALPS ETF Trust747,9270 00For
Pacific Life694,4720 00For
TOUCHSTONE FUNDS GROUP TRUST563,8600 00For

Showing the 25 largest of 131 asset managers. See all 131 in the interactive database.

16. Election of Directors: Sarah E. Feinberg

DIRECTOR ELECTIONSMajority of the votes cast: yes

Meeting held 2025-05-14.

Combines 6 wordings of this item as funds reported it.

97% Majority: yes · of votes cast

FOR 97%
FOR: 413,746,171AGAINST: 13,238,112

SOUTHWEST AIRLINES CO.’s own tally for this item (“Elect Director: Sarah E. Feinberg”): 413,746,171 for, 13,238,112 against, per its Form 8-K (Item 5.07). FOR was more than half of the votes cast. Whether the item passed is for the filing to say; its statement has not been read for this item. Of all 569,865,799 outstanding shares: 73% for, 2% against (75% of the company cast a for/against vote).

The 131 asset managers below cast 99.9% of the shares they voted on this item FOR (216,434,665 for, 3,286 against).

FOR 99.9%
FOR: 216,434,665 (100.0%)AGAINST: 3,286 (0.0%)ABSTAIN: 16,368 (0.0%)
Largest asset managers voting on “Election of Directors: Sarah E. Feinberg” at SOUTHWEST AIRLINES CO., 2024-2025
Asset managerForAgainst AbstainWithheldVote
Vanguard108,400,06811 10For
Fidelity15,736,1750 00For
BlackRock15,382,8150 00For
T. Rowe Price12,519,4170 00For
Capital Group8,145,6710 00For
American Century6,361,0040 00For
Columbia Threadneedle6,114,8420 00For
PRIMECAP Odyssey Funds5,763,5100 00For
Invesco5,731,5140 00For
Charles Schwab3,430,0570 00For
JPMorgan3,148,3290 00For
Thrivent2,566,8980 00For
State Street2,475,1240 00For
Dimensional2,341,8300 00For
John Hancock1,674,3200 00For
TIAA1,421,5130 00For
Bridge Builder Trust1,306,1650 00For
Equitable1,236,4460 00For
Prudential/PGIM1,036,2380 00For
Artisan907,5730 00For
Empower791,6090 00For
Lincoln Financial770,3920 00For
ALPS ETF Trust747,9270 00For
Pacific Life694,4720 00For
TOUCHSTONE FUNDS GROUP TRUST563,8600 00For

Showing the 25 largest of 131 asset managers. See all 131 in the interactive database.

17. Advisory vote to approve the compensation of the Company's named executive officers.

SECTION 14A SAY-ON-PAY VOTESMajority of the votes cast: yes

Meeting held 2024-05-15 (outside the 2024-2025 season's 1 July to 30 June window; reported in this season's filings).

Combines 2 wordings of this item as funds reported it.

78% Majority: yes · of votes cast

FOR 78%AGAINST 22%
FOR: 339,780,020AGAINST: 97,603,353

SOUTHWEST AIRLINES CO.’s own tally for this item (“Proposal 2: An advisory (non-binding) vote to approve the compensation of the Company's named executive officers:”): 339,780,020 for, 97,603,353 against, per its Form 8-K (Item 5.07). FOR was more than half of the votes cast. Whether the item passed is for the filing to say; its statement has not been read for this item. Of all 569,865,799 outstanding shares: 60% for, 17% against (77% of the company cast a for/against vote).

The 5 asset managers below cast 100% of the shares they voted on this item FOR (5,121 for, 0 against).

FOR 100%
FOR: 5,121 (100.0%)
Largest asset managers voting on “Advisory vote to approve the compensation of the Company's named executive officers.” at SOUTHWEST AIRLINES CO., 2024-2025
Asset managerForAgainst AbstainWithheldVote
COLDSTREAM CAPITAL MANAGEMENT INC4,1940 00For
Americana Partners, LLC7000 00For
Ipswich Investment Management Co., Inc.1500 00For
Seascape Capital Management770 00For
Echo45 Advisors LLC00 00--

Largest SOUTHWEST AIRLINES CO. shareholders voting in 2024-2025

Ranked by the number of SOUTHWEST AIRLINES CO. shares each manager voted on the most widely held ballot item of the 2024-2025 meeting, shown as a share of the 569,865,799 shares outstanding at the time of that meeting.

Top SOUTHWEST AIRLINES CO. shareholders by shares voted, 2024-2025
#Asset manager % of shares outstanding
1Vanguard 19.41%
2PRIMECAP MANAGEMENT CO/CA/ 8.41%
3Elliott 7.47%
4T. Rowe Price 6.42%
5BlackRock 4.23%
6Fidelity 3.52%
7Capital Group 2.95%
8GEODE CAPITAL MANAGEMENT, LLC 2.46%
9Invesco 2.11%
10American Century 1.99%

Reported SOUTHWEST AIRLINES CO. ownership

Positions disclosed to the SEC on Schedules 13D and 13G, Form 13F and the company’s own proxy statement (DEF 14A).

SOUTHWEST AIRLINES CO. beneficial owners on record for the 2024-2025 proxy season
Holder % outstanding Disclosure
Vanguard Group 11.96% 13F
PRIMECAP MANAGEMENT CO/CA/ 8.26% 13G
State Street Corporation 7.13% DEF14A
BlackRock 6.31% 13F
Franklin Templeton 6.05% 13F
Franklin Resources, Inc. 5.28% DEF14A
Elliott Investment Management L.P. 4.27% 13D
T. Rowe Price 4.01% 13F
Geode Capital 2.55% 13F
Morgan Stanley 1.75% 13F

Percentages above are of 569,865,799 shares outstanding, as reported by SOUTHWEST AIRLINES CO. on its Form 10-Q dated 2025-04-23 (see the filing on EDGAR). This is the count contemporaneous with the 2024-2025 meeting, so the percentages are the ones that were true then, not ones restated against today’s share count.

About this page

Every figure above is derived from filings made with the US Securities and Exchange Commission: Form N-PX, in which registered investment companies and institutional managers disclose how they voted every proxy, and Form 8-K Item 5.07, in which the company reports its own meeting results. Shares outstanding are taken from SOUTHWEST AIRLINES CO.’s 10-Q dated 2025-04-23. This page is a static snapshot rebuilt weekly on 02 October 2026; a live search always shows the current data.

At SOUTHWEST AIRLINES CO.'s shareholder meeting held 2025-05-14, in the 2024-2025 proxy season, 790 asset managers reported how they voted on 17 ballot items in their SEC Form N-PX filings, covering 10,345 separate fund positions. On the most widely held item on that ballot — Advisory vote to approve the compensation of the Company's named executive officers. — FOR was 94% of the votes cast (FOR divided by FOR plus AGAINST, the conventional basis for proxy support; abstentions, broker non-votes and unvoted shares are excluded because none of them took a side), which is more than half. Whether the item was approved is for the filing to say; that statement has not been read for this item. Source: SOUTHWEST AIRLINES CO.'s Form 8-K, Item 5.07, filed with the U.S. Securities and Exchange Commission (filing date not recorded for this item).

SOUTHWEST AIRLINES CO. proxy season coverage: 2023-2024 · 2024-2025 (this page) · 2025-2026.