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Southwest Airlines Co. 2025-2026 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 04 October 2026.

14Ballot items
798Asset managers
10,110Fund votes
2026-05-07Meeting date

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

Explore Southwest Airlines Co. in the interactive database Compare manager voting policies

Official 2025-2026 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 2026-05-07
Ballot item	For	Against	Abstain	Withheld	Broker non-votes	Outcome
Elect Director: Lisa M. Atherton	344,758,477	34,136,329	566,052	--	62,994,310	Majority: yes
Elect Director: Pierre R. Breber	370,998,884	7,870,553	591,421	--	62,994,310	Majority: yes
Elect Director: Douglas H. Brooks	361,664,157	17,194,293	602,408	--	62,994,310	Majority: yes
Elect Director: Sarah E. Feinberg	358,999,977	19,751,763	709,118	--	62,994,310	Majority: yes
Elect Director: Robert L. Fornaro	366,920,758	12,042,125	497,975	--	62,994,310	Majority: yes
Elect Director: Rakesh Gangwal	344,388,346	34,474,149	598,363	--	62,994,310	Majority: yes
Elect Director: David J. Grissen	371,447,254	7,451,577	562,027	--	62,994,310	Majority: yes
Elect Director: David P. Hess	366,280,441	12,466,256	714,161	--	62,994,310	Majority: yes
Elect Director: Robert E. Jordan	367,197,900	11,703,974	558,984	--	62,994,310	Majority: yes
Elect Director: Christopher P. Reynolds	230,555,780	145,944,626	2,960,452	--	62,994,310	Majority: yes
Elect Director: Patricia A. Watson	349,537,426	29,321,846	601,586	--	62,994,310	Majority: yes
Proposal 2: An advisory (non-binding) vote to approve the compensation of the Company's named executive officers:	364,384,778	13,450,799	1,625,281	--	62,994,310	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, 2026:	430,433,346	10,943,832	1,077,990	--	0	Majority: yes

Source: Southwest Airlines Co., Form 8-K — read the filing on EDGAR.

How asset managers voted at the Southwest Airlines Co. 2025-2026 meeting

Each item below shows how the 798 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 2026-05-07.

Combines 24 wordings of this item as funds reported it.

96% Majority: yes · of votes cast

FOR 96%

FOR: 364,384,778AGAINST: 13,450,799

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:”): 364,384,778 for, 13,450,799 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 488,773,713 outstanding shares: 75% for, 3% against (77% of the company cast a for/against vote).

The 788 asset managers below cast 99.1% 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 99.1%

FOR: 99.1%AGAINST: 0.8%ABSTAIN: 0.0%NOT VOTED: 0.0%SPLIT: 0.0%

Largest asset managers voting on “ADVISORY VOTE TO APPROVE THE COMPENSATION OF THE COMPANY'S NAMED EXECUTIVE OFFICERS.” at Southwest Airlines Co., 2025-2026
Asset manager	For	Against	Abstain	Vote
Vanguard	101,674,141	244	31	For
PRIMECAP MANAGEMENT CO/CA/	46,786,878	0	0	For
Fidelity	24,597,574	0	0	For
BlackRock	23,389,151	4,003	0	For
T. Rowe Price	22,075,092	0	0	For
Elliott	17,992,568	0	0	For
GEODE CAPITAL MANAGEMENT, LLC	13,136,346	0	0	For
Invesco	12,436,136	0	0	For
State Street	10,696,740	27,891	0	For
Charles Schwab	7,052,202	0	0	For
Columbia Threadneedle	5,761,771	0	0	For
PAR CAPITAL MANAGEMENT INC	4,956,192	0	0	For
PRIMECAP Odyssey Funds	4,761,930	0	0	For
Federated Hermes	4,412,408	106,979	0	For
ARROWSTREET CAPITAL, LIMITED PARTNERSHIP	4,035,599	0	0	For
Dimensional	3,395,730	0	0	For
MASSACHUSETTS FINANCIAL SERVICES CO /MA/	3,347,841	0	0	For
American Century	3,222,939	0	0	For
Northern Trust	2,870,864	0	0	For
JPMorgan	2,520,384	0	0	For
PARAMETRIC PORTFOLIO ASSOCIATES LLC	2,312,732	0	0	For
Crake Asset Management LLP	2,285,041	0	0	For
MAKENA CAPITAL MANAGEMENT LLC	2,285,041	0	0	For
MFS	2,228,241	0	0	For
AMERIPRISE FINANCIAL INC	1,945,893	0	0	For

Showing the 25 largest of 788 asset managers. See all 788 in the interactive database.

2. Ratification of the selection of Ernst & Young LLP as the Company's independent auditors for the fiscal year ending December 31, 2026.

AUDIT-RELATEDMajority of the votes cast: yes

Meeting held 2026-05-07.

Combines 6 wordings of this item as funds reported it.

98% Majority: yes · of votes cast

FOR 98%

FOR: 430,433,346AGAINST: 10,943,832

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, 2026:”): 430,433,346 for, 10,943,832 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 488,773,713 outstanding shares: 88% for, 2% against (90% of the company cast a for/against vote).

The 139 asset managers below cast 99.9% of the shares they voted on this item FOR (189,650,268 for, 165,275 against).

FOR 99.9%

FOR: 189,650,268 (99.9%)AGAINST: 165,275 (0.1%)ABSTAIN: 12,674 (0.0%)NOT VOTED: 393 (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., 2025-2026
Asset manager	For	Against	Abstain	Vote
Vanguard	97,296,305	59,943	12	For
Fidelity	16,273,754	0	0	For
BlackRock	14,675,465	2,970	0	For
T. Rowe Price	7,578,348	0	0	For
Invesco	6,081,833	0	0	For
Columbia Threadneedle	5,761,771	0	0	For
State Street	5,062,698	97	0	For
PRIMECAP Odyssey Funds	4,761,930	0	0	For
Charles Schwab	3,478,020	0	0	For
JPMorgan	2,480,561	0	0	For
MFS	2,228,241	0	0	For
Dimensional	2,099,302	0	0	For
Federated Hermes	1,986,489	0	0	For
WisdomTree	1,739,243	0	0	For
Bridge Builder Trust	1,345,014	0	0	For
American Century	1,287,341	0	0	For
TIAA	1,135,937	0	0	For
John Hancock	948,742	0	0	For
First Trust	870,770	0	0	For
Calamos	810,133	0	0	For
Northwestern Mutual	804,016	0	0	For
Empower	786,235	0	0	For
Pacific Life	723,568	0	0	For
MASTER INVESTMENT PORTFOLIO	706,069	0	0	For
Prudential/PGIM	622,971	0	0	For

Showing the 25 largest of 139 asset managers. See all 139 in the interactive database.

3. Election of Directors: Christopher P. Reynolds

DIRECTOR ELECTIONSMajority of the votes cast: yes

Meeting held 2026-05-07.

Combines 6 wordings of this item as funds reported it.

61% Majority: yes · of votes cast

FOR 61%AGAINST 39%

FOR: 230,555,780AGAINST: 145,944,626

Southwest Airlines Co.’s own tally for this item (“Elect Director: Christopher P. Reynolds”): 230,555,780 for, 145,944,626 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 488,773,713 outstanding shares: 47.2% for, 30% against (77% of the company cast a for/against vote).

The 137 asset managers below cast 60% of the shares they voted on this item FOR (112,899,256 for, 76,336,740 against).

FOR 60%AGAINST 40%

FOR: 112,899,256 (59.7%)AGAINST: 76,336,740 (40.3%)ABSTAIN: 12,717 (0.0%)NOT VOTED: 393 (0.0%)

Largest asset managers voting on “Election of Directors: Christopher P. Reynolds” at Southwest Airlines Co., 2025-2026
Asset manager	For	Against	Abstain	Vote
Vanguard	97,261,715	94,491	55	For
Fidelity	0	16,273,754	0	Against
BlackRock	674,026	14,004,409	0	Against
T. Rowe Price	0	7,578,348	0	Against
Invesco	0	6,081,833	0	Against
Columbia Threadneedle	0	5,761,771	0	Against
State Street	12,707	5,050,088	0	Against
PRIMECAP Odyssey Funds	4,761,930	0	0	For
Charles Schwab	2,509	3,475,511	0	Against
JPMorgan	2,480,561	0	0	For
MFS	0	2,228,241	0	Against
Dimensional	0	2,099,302	0	Against
Federated Hermes	1,986,489	0	0	For
WisdomTree	0	1,739,243	0	Against
Bridge Builder Trust	0	1,345,014	0	Against
American Century	0	1,287,341	0	Against
TIAA	1,135,937	0	0	For
John Hancock	0	948,742	0	Against
First Trust	0	870,770	0	Against
Calamos	810,133	0	0	For
Northwestern Mutual	474,020	329,996	0	For
Empower	474,359	311,876	0	For
Pacific Life	640,964	82,604	0	For
MASTER INVESTMENT PORTFOLIO	0	706,069	0	Against
Prudential/PGIM	604,415	18,556	0	For

Showing the 25 largest of 137 asset managers. See all 137 in the interactive database.

4. Election of Directors: David J. Grissen

DIRECTOR ELECTIONSMajority of the votes cast: yes

Meeting held 2026-05-07.

Combines 6 wordings of this item as funds reported it.

98% Majority: yes · of votes cast

FOR 98%

FOR: 371,447,254AGAINST: 7,451,577

Southwest Airlines Co.’s own tally for this item (“Elect Director: David J. Grissen”): 371,447,254 for, 7,451,577 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 488,773,713 outstanding shares: 76% for, 2% against (78% of the company cast a for/against vote).

The 137 asset managers below cast 99.9% of the shares they voted on this item FOR (189,235,375 for, 665 against).

FOR 99.9%

FOR: 189,235,375 (100.0%)AGAINST: 665 (0.0%)ABSTAIN: 12,673 (0.0%)NOT VOTED: 393 (0.0%)

Largest asset managers voting on “Election of Directors: David J. Grissen” at Southwest Airlines Co., 2025-2026
Asset manager	For	Against	Abstain	Vote
Vanguard	97,356,116	134	11	For
Fidelity	16,273,754	0	0	For
BlackRock	14,678,435	0	0	For
T. Rowe Price	7,578,348	0	0	For
Invesco	6,081,833	0	0	For
Columbia Threadneedle	5,761,771	0	0	For
State Street	5,062,795	0	0	For
PRIMECAP Odyssey Funds	4,761,930	0	0	For
Charles Schwab	3,478,020	0	0	For
JPMorgan	2,480,561	0	0	For
MFS	2,228,241	0	0	For
Dimensional	2,099,302	0	0	For
Federated Hermes	1,986,489	0	0	For
WisdomTree	1,739,243	0	0	For
Bridge Builder Trust	1,345,014	0	0	For
American Century	1,287,341	0	0	For
TIAA	1,135,937	0	0	For
John Hancock	948,742	0	0	For
First Trust	870,770	0	0	For
Calamos	810,133	0	0	For
Northwestern Mutual	804,016	0	0	For
Empower	786,235	0	0	For
Pacific Life	723,568	0	0	For
MASTER INVESTMENT PORTFOLIO	706,069	0	0	For
Prudential/PGIM	622,971	0	0	For

Showing the 25 largest of 137 asset managers. See all 137 in the interactive database.

5. Election of Directors: David P. Hess

DIRECTOR ELECTIONSMajority of the votes cast: yes

Meeting held 2026-05-07.

Combines 6 wordings of this item as funds reported it.

97% Majority: yes · of votes cast

FOR 97%

FOR: 366,280,441AGAINST: 12,466,256

Southwest Airlines Co.’s own tally for this item (“Elect Director: David P. Hess”): 366,280,441 for, 12,466,256 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 488,773,713 outstanding shares: 75% for, 3% against (77% of the company cast a for/against vote).

The 137 asset managers below cast 99% of the shares they voted on this item FOR (186,961,565 for, 2,274,473 against).

FOR 99%

FOR: 186,961,565 (98.8%)AGAINST: 2,274,473 (1.2%)ABSTAIN: 12,675 (0.0%)NOT VOTED: 393 (0.0%)

Largest asset managers voting on “Election of Directors: David P. Hess” at Southwest Airlines Co., 2025-2026
Asset manager	For	Against	Abstain	Vote
Vanguard	97,356,045	203	13	For
Fidelity	16,273,754	0	0	For
BlackRock	14,678,435	0	0	For
T. Rowe Price	7,578,348	0	0	For
Invesco	6,081,833	0	0	For
Columbia Threadneedle	5,761,771	0	0	For
State Street	5,062,795	0	0	For
PRIMECAP Odyssey Funds	4,761,930	0	0	For
Charles Schwab	3,478,020	0	0	For
JPMorgan	2,480,561	0	0	For
MFS	2,228,241	0	0	For
Dimensional	0	2,099,302	0	Against
Federated Hermes	1,986,489	0	0	For
WisdomTree	1,739,243	0	0	For
Bridge Builder Trust	1,345,014	0	0	For
American Century	1,287,341	0	0	For
TIAA	1,135,937	0	0	For
John Hancock	882,817	65,925	0	For
First Trust	870,770	0	0	For
Calamos	810,133	0	0	For
Northwestern Mutual	804,016	0	0	For
Empower	786,235	0	0	For
Pacific Life	723,568	0	0	For
MASTER INVESTMENT PORTFOLIO	706,069	0	0	For
Prudential/PGIM	604,415	18,556	0	For

Showing the 25 largest of 137 asset managers. See all 137 in the interactive database.

6. Election of Directors: Douglas H. Brooks

DIRECTOR ELECTIONSMajority of the votes cast: yes

Meeting held 2026-05-07.

Combines 6 wordings of this item as funds reported it.

95% Majority: yes · of votes cast

FOR 95%

FOR: 361,664,157AGAINST: 17,194,293

Southwest Airlines Co.’s own tally for this item (“Elect Director: Douglas H. Brooks”): 361,664,157 for, 17,194,293 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 488,773,713 outstanding shares: 74% for, 4% against (78% of the company cast a for/against vote).

The 137 asset managers below cast 99% of the shares they voted on this item FOR (186,910,718 for, 2,325,321 against).

FOR 99%

FOR: 186,910,718 (98.8%)AGAINST: 2,325,321 (1.2%)ABSTAIN: 12,673 (0.0%)NOT VOTED: 393 (0.0%)

Largest asset managers voting on “Election of Directors: Douglas H. Brooks” at Southwest Airlines Co., 2025-2026
Asset manager	For	Against	Abstain	Vote
Vanguard	97,355,964	285	11	For
Fidelity	16,273,754	0	0	For
BlackRock	14,675,465	2,970	0	For
T. Rowe Price	7,578,348	0	0	For
Invesco	6,081,833	0	0	For
Columbia Threadneedle	5,761,771	0	0	For
State Street	5,062,698	97	0	For
PRIMECAP Odyssey Funds	4,761,930	0	0	For
Charles Schwab	3,478,020	0	0	For
JPMorgan	2,480,561	0	0	For
MFS	2,228,241	0	0	For
Dimensional	0	2,099,302	0	Against
Federated Hermes	1,986,489	0	0	For
WisdomTree	1,739,243	0	0	For
Bridge Builder Trust	1,345,014	0	0	For
American Century	1,287,341	0	0	For
TIAA	1,135,937	0	0	For
John Hancock	882,817	65,925	0	For
First Trust	870,770	0	0	For
Calamos	810,133	0	0	For
Northwestern Mutual	804,016	0	0	For
Empower	786,235	0	0	For
Pacific Life	723,568	0	0	For
MASTER INVESTMENT PORTFOLIO	706,069	0	0	For
Prudential/PGIM	604,415	18,556	0	For

Showing the 25 largest of 137 asset managers. See all 137 in the interactive database.

7. Election of Directors: Lisa M. Atherton

DIRECTOR ELECTIONSMajority of the votes cast: yes

Meeting held 2026-05-07.

Combines 6 wordings of this item as funds reported it.

91% Majority: yes · of votes cast

FOR 91%9%

FOR: 344,758,477AGAINST: 34,136,329

Southwest Airlines Co.’s own tally for this item (“Elect Director: Lisa M. Atherton”): 344,758,477 for, 34,136,329 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 488,773,713 outstanding shares: 71% for, 7% against (78% of the company cast a for/against vote).

The 137 asset managers below cast 94% of the shares they voted on this item FOR (178,023,838 for, 11,212,202 against).

FOR 94%

FOR: 178,023,838 (94.1%)AGAINST: 11,212,202 (5.9%)ABSTAIN: 12,673 (0.0%)NOT VOTED: 393 (0.0%)

Largest asset managers voting on “Election of Directors: Lisa M. Atherton” at Southwest Airlines Co., 2025-2026
Asset manager	For	Against	Abstain	Vote
Vanguard	97,295,869	60,381	11	For
Fidelity	11,583,487	4,690,267	0	For
BlackRock	14,672,748	5,687	0	For
T. Rowe Price	7,578,348	0	0	For
Invesco	6,081,833	0	0	For
Columbia Threadneedle	5,761,771	0	0	For
State Street	5,062,795	0	0	For
PRIMECAP Odyssey Funds	4,761,930	0	0	For
Charles Schwab	2,509	3,475,511	0	Against
JPMorgan	2,480,561	0	0	For
MFS	2,228,241	0	0	For
Dimensional	0	2,099,302	0	Against
Federated Hermes	1,986,489	0	0	For
WisdomTree	1,739,243	0	0	For
Bridge Builder Trust	1,311,474	33,540	0	For
American Century	1,287,341	0	0	For
TIAA	1,135,937	0	0	For
John Hancock	882,817	65,925	0	For
First Trust	870,770	0	0	For
Calamos	810,133	0	0	For
Northwestern Mutual	804,016	0	0	For
Empower	786,235	0	0	For
Pacific Life	723,568	0	0	For
MASTER INVESTMENT PORTFOLIO	706,069	0	0	For
Prudential/PGIM	604,415	18,556	0	For

Showing the 25 largest of 137 asset managers. See all 137 in the interactive database.

8. Election of Directors: Patricia A. Watson

DIRECTOR ELECTIONSMajority of the votes cast: yes

Meeting held 2026-05-07.

Combines 6 wordings of this item as funds reported it.

92% Majority: yes · of votes cast

FOR 92%8%

FOR: 349,537,426AGAINST: 29,321,846

Southwest Airlines Co.’s own tally for this item (“Elect Director: Patricia A. Watson”): 349,537,426 for, 29,321,846 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 488,773,713 outstanding shares: 72% for, 6% against (78% of the company cast a for/against vote).

The 137 asset managers below cast 95% of the shares they voted on this item FOR (180,268,682 for, 8,967,357 against).

FOR 95%

FOR: 180,268,682 (95.3%)AGAINST: 8,967,357 (4.7%)ABSTAIN: 12,673 (0.0%)NOT VOTED: 393 (0.0%)

Largest asset managers voting on “Election of Directors: Patricia A. Watson” at Southwest Airlines Co., 2025-2026
Asset manager	For	Against	Abstain	Vote
Vanguard	97,295,956	60,293	11	For
Fidelity	11,583,487	4,690,267	0	For
BlackRock	14,672,748	5,687	0	For
T. Rowe Price	7,578,348	0	0	For
Invesco	6,081,833	0	0	For
Columbia Threadneedle	5,761,771	0	0	For
State Street	5,062,795	0	0	For
PRIMECAP Odyssey Funds	4,761,930	0	0	For
Charles Schwab	2,509	3,475,511	0	Against
JPMorgan	2,480,561	0	0	For
MFS	2,228,241	0	0	For
Dimensional	2,099,302	0	0	For
Federated Hermes	1,986,489	0	0	For
WisdomTree	1,739,243	0	0	For
Bridge Builder Trust	1,311,474	33,540	0	For
American Century	1,287,341	0	0	For
TIAA	1,135,937	0	0	For
John Hancock	948,742	0	0	For
First Trust	870,770	0	0	For
Calamos	810,133	0	0	For
Northwestern Mutual	804,016	0	0	For
Empower	786,235	0	0	For
Pacific Life	723,568	0	0	For
MASTER INVESTMENT PORTFOLIO	706,069	0	0	For
Prudential/PGIM	622,971	0	0	For

Showing the 25 largest of 137 asset managers. See all 137 in the interactive database.

9. Election of Directors: Pierre R. Breber

DIRECTOR ELECTIONSMajority of the votes cast: yes

Meeting held 2026-05-07.

Combines 6 wordings of this item as funds reported it.

98% Majority: yes · of votes cast

FOR 98%

FOR: 370,998,884AGAINST: 7,870,553

Southwest Airlines Co.’s own tally for this item (“Elect Director: Pierre R. Breber”): 370,998,884 for, 7,870,553 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 488,773,713 outstanding shares: 76% for, 2% against (78% of the company cast a for/against vote).

The 137 asset managers below cast 99.9% of the shares they voted on this item FOR (189,235,376 for, 664 against).

FOR 99.9%

FOR: 189,235,376 (100.0%)AGAINST: 664 (0.0%)ABSTAIN: 12,673 (0.0%)NOT VOTED: 393 (0.0%)

Largest asset managers voting on “Election of Directors: Pierre R. Breber” at Southwest Airlines Co., 2025-2026
Asset manager	For	Against	Abstain	Vote
Vanguard	97,356,117	133	11	For
Fidelity	16,273,754	0	0	For
BlackRock	14,678,435	0	0	For
T. Rowe Price	7,578,348	0	0	For
Invesco	6,081,833	0	0	For
Columbia Threadneedle	5,761,771	0	0	For
State Street	5,062,795	0	0	For
PRIMECAP Odyssey Funds	4,761,930	0	0	For
Charles Schwab	3,478,020	0	0	For
JPMorgan	2,480,561	0	0	For
MFS	2,228,241	0	0	For
Dimensional	2,099,302	0	0	For
Federated Hermes	1,986,489	0	0	For
WisdomTree	1,739,243	0	0	For
Bridge Builder Trust	1,345,014	0	0	For
American Century	1,287,341	0	0	For
TIAA	1,135,937	0	0	For
John Hancock	948,742	0	0	For
First Trust	870,770	0	0	For
Calamos	810,133	0	0	For
Northwestern Mutual	804,016	0	0	For
Empower	786,235	0	0	For
Pacific Life	723,568	0	0	For
MASTER INVESTMENT PORTFOLIO	706,069	0	0	For
Prudential/PGIM	622,971	0	0	For

Showing the 25 largest of 137 asset managers. See all 137 in the interactive database.

10. Election of Directors: Rakesh Gangwal

DIRECTOR ELECTIONSMajority of the votes cast: yes

Meeting held 2026-05-07.

Combines 6 wordings of this item as funds reported it.

91% Majority: yes · of votes cast

FOR 91%9%

FOR: 344,388,346AGAINST: 34,474,149

Southwest Airlines Co.’s own tally for this item (“Elect Director: Rakesh Gangwal”): 344,388,346 for, 34,474,149 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 488,773,713 outstanding shares: 70% for, 7% against (78% of the company cast a for/against vote).

The 137 asset managers below cast 94% of the shares they voted on this item FOR (178,023,826 for, 11,212,213 against).

FOR 94%

FOR: 178,023,826 (94.1%)AGAINST: 11,212,213 (5.9%)ABSTAIN: 12,673 (0.0%)NOT VOTED: 393 (0.0%)

Largest asset managers voting on “Election of Directors: Rakesh Gangwal” at Southwest Airlines Co., 2025-2026
Asset manager	For	Against	Abstain	Vote
Vanguard	97,295,857	60,392	11	For
Fidelity	11,583,487	4,690,267	0	For
BlackRock	14,672,748	5,687	0	For
T. Rowe Price	7,578,348	0	0	For
Invesco	6,081,833	0	0	For
Columbia Threadneedle	5,761,771	0	0	For
State Street	5,062,795	0	0	For
PRIMECAP Odyssey Funds	4,761,930	0	0	For
Charles Schwab	2,509	3,475,511	0	Against
JPMorgan	2,480,561	0	0	For
MFS	2,228,241	0	0	For
Dimensional	0	2,099,302	0	Against
Federated Hermes	1,986,489	0	0	For
WisdomTree	1,739,243	0	0	For
Bridge Builder Trust	1,311,474	33,540	0	For
American Century	1,287,341	0	0	For
TIAA	1,135,937	0	0	For
John Hancock	882,817	65,925	0	For
First Trust	870,770	0	0	For
Calamos	810,133	0	0	For
Northwestern Mutual	804,016	0	0	For
Empower	786,235	0	0	For
Pacific Life	723,568	0	0	For
MASTER INVESTMENT PORTFOLIO	706,069	0	0	For
Prudential/PGIM	604,415	18,556	0	For

Showing the 25 largest of 137 asset managers. See all 137 in the interactive database.

11. Election of Directors: Robert E. Jordan

DIRECTOR ELECTIONSMajority of the votes cast: yes

Meeting held 2026-05-07.

Combines 6 wordings of this item as funds reported it.

97% Majority: yes · of votes cast

FOR 97%

FOR: 367,197,900AGAINST: 11,703,974

Southwest Airlines Co.’s own tally for this item (“Elect Director: Robert E. Jordan”): 367,197,900 for, 11,703,974 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 488,773,713 outstanding shares: 75% for, 2% against (78% of the company cast a for/against vote).

The 137 asset managers below cast 99% of the shares they voted on this item FOR (186,961,559 for, 2,274,483 against).

FOR 99%

FOR: 186,961,559 (98.8%)AGAINST: 2,274,483 (1.2%)ABSTAIN: 12,673 (0.0%)NOT VOTED: 393 (0.0%)

Largest asset managers voting on “Election of Directors: Robert E. Jordan” at Southwest Airlines Co., 2025-2026
Asset manager	For	Against	Abstain	Vote
Vanguard	97,356,039	213	11	For
Fidelity	16,273,754	0	0	For
BlackRock	14,678,435	0	0	For
T. Rowe Price	7,578,348	0	0	For
Invesco	6,081,833	0	0	For
Columbia Threadneedle	5,761,771	0	0	For
State Street	5,062,795	0	0	For
PRIMECAP Odyssey Funds	4,761,930	0	0	For
Charles Schwab	3,478,020	0	0	For
JPMorgan	2,480,561	0	0	For
MFS	2,228,241	0	0	For
Dimensional	0	2,099,302	0	Against
Federated Hermes	1,986,489	0	0	For
WisdomTree	1,739,243	0	0	For
Bridge Builder Trust	1,345,014	0	0	For
American Century	1,287,341	0	0	For
TIAA	1,135,937	0	0	For
John Hancock	882,817	65,925	0	For
First Trust	870,770	0	0	For
Calamos	810,133	0	0	For
Northwestern Mutual	804,016	0	0	For
Empower	786,235	0	0	For
Pacific Life	723,568	0	0	For
MASTER INVESTMENT PORTFOLIO	706,069	0	0	For
Prudential/PGIM	604,415	18,556	0	For

Showing the 25 largest of 137 asset managers. See all 137 in the interactive database.

12. Election of Directors: Robert L. Fornaro

DIRECTOR ELECTIONSMajority of the votes cast: yes

Meeting held 2026-05-07.

Combines 6 wordings of this item as funds reported it.

97% Majority: yes · of votes cast

FOR 97%

FOR: 366,920,758AGAINST: 12,042,125

Southwest Airlines Co.’s own tally for this item (“Elect Director: Robert L. Fornaro”): 366,920,758 for, 12,042,125 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 488,773,713 outstanding shares: 75% for, 2% against (78% of the company cast a for/against vote).

The 137 asset managers below cast 99% of the shares they voted on this item FOR (186,862,990 for, 2,373,051 against).

FOR 99%

FOR: 186,862,990 (98.7%)AGAINST: 2,373,051 (1.3%)ABSTAIN: 12,670 (0.0%)NOT VOTED: 393 (0.0%)

Largest asset managers voting on “Election of Directors: Robert L. Fornaro” at Southwest Airlines Co., 2025-2026
Asset manager	For	Against	Abstain	Vote
Vanguard	97,356,032	219	8	For
Fidelity	16,273,754	0	0	For
BlackRock	14,669,741	8,694	0	For
T. Rowe Price	7,578,348	0	0	For
Invesco	6,081,833	0	0	For
Columbia Threadneedle	5,761,771	0	0	For
State Street	5,061,722	1,073	0	For
PRIMECAP Odyssey Funds	4,761,930	0	0	For
Charles Schwab	3,478,020	0	0	For
JPMorgan	2,480,561	0	0	For
MFS	2,228,241	0	0	For
Dimensional	0	2,099,302	0	Against
Federated Hermes	1,986,489	0	0	For
WisdomTree	1,739,243	0	0	For
Bridge Builder Trust	1,345,014	0	0	For
American Century	1,287,341	0	0	For
TIAA	1,135,937	0	0	For
John Hancock	882,817	65,925	0	For
First Trust	870,770	0	0	For
Calamos	810,133	0	0	For
Northwestern Mutual	804,016	0	0	For
Empower	786,235	0	0	For
Pacific Life	723,568	0	0	For
MASTER INVESTMENT PORTFOLIO	706,069	0	0	For
Prudential/PGIM	604,415	18,556	0	For

Showing the 25 largest of 137 asset managers. See all 137 in the interactive database.

13. Election of Directors: Sarah E. Feinberg

DIRECTOR ELECTIONSMajority of the votes cast: yes

Meeting held 2026-05-07.

Combines 6 wordings of this item as funds reported it.

95% Majority: yes · of votes cast

FOR 95%

FOR: 358,999,977AGAINST: 19,751,763

Southwest Airlines Co.’s own tally for this item (“Elect Director: Sarah E. Feinberg”): 358,999,977 for, 19,751,763 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 488,773,713 outstanding shares: 73% for, 4% against (77% of the company cast a for/against vote).

The 137 asset managers below cast 98% of the shares they voted on this item FOR (184,540,090 for, 4,695,947 against).

FOR 98%

FOR: 184,540,090 (97.5%)AGAINST: 4,695,947 (2.5%)ABSTAIN: 12,675 (0.0%)NOT VOTED: 393 (0.0%)

Largest asset managers voting on “Election of Directors: Sarah E. Feinberg” at Southwest Airlines Co., 2025-2026
Asset manager	For	Against	Abstain	Vote
Vanguard	97,355,885	362	13	For
Fidelity	11,583,487	4,690,267	0	For
BlackRock	14,678,435	0	0	For
T. Rowe Price	7,578,348	0	0	For
Invesco	6,081,833	0	0	For
Columbia Threadneedle	5,761,771	0	0	For
State Street	5,062,795	0	0	For
PRIMECAP Odyssey Funds	4,761,930	0	0	For
Charles Schwab	3,478,020	0	0	For
JPMorgan	2,480,561	0	0	For
MFS	2,228,241	0	0	For
Dimensional	2,099,302	0	0	For
Federated Hermes	1,986,489	0	0	For
WisdomTree	1,739,243	0	0	For
Bridge Builder Trust	1,345,014	0	0	For
American Century	1,287,341	0	0	For
TIAA	1,135,937	0	0	For
John Hancock	948,742	0	0	For
First Trust	870,770	0	0	For
Calamos	810,133	0	0	For
Northwestern Mutual	804,016	0	0	For
Empower	786,235	0	0	For
Pacific Life	723,568	0	0	For
MASTER INVESTMENT PORTFOLIO	706,069	0	0	For
Prudential/PGIM	622,971	0	0	For

Showing the 25 largest of 137 asset managers. See all 137 in the interactive database.

14. 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 (outside the 2025-2026 season's 1 July to 30 June window; reported in this season's filings).

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 488,773,713 outstanding shares: 82% for, 5% against (87% of the company cast a for/against vote).

The 4 asset managers below cast 24% of the shares they voted on this item FOR (5,316 for, 16,700 against).

FOR 24%AGAINST 76%

FOR: 5,316 (24.1%)AGAINST: 16,700 (75.9%)

Largest asset managers voting on “Advisory vote to approve the compensation of the Company's named executive officers.” at Southwest Airlines Co., 2025-2026
Asset manager	For	Against	Vote
PENSIOENFONDS RAIL & OV	0	16,700	Against
Investment Management Corp of Ontario	4,766	0	For
OSBORNE PARTNERS CAPITAL MANAGEMENT, LLC	450	0	For
Philip James Wealth Mangement, LLC	100	0	For

Largest Southwest Airlines Co. shareholders voting in 2025-2026

Ranked by the number of Southwest Airlines Co. shares each manager voted on the most widely held ballot item of the 2025-2026 meeting, shown as a share of the 488,773,713 shares outstanding at the time of that meeting.

Top Southwest Airlines Co. shareholders by shares voted, 2025-2026
#	Asset manager	% of shares outstanding
1	Vanguard	20.80%
2	PRIMECAP MANAGEMENT CO/CA/	9.57%
3	Fidelity	5.03%
4	BlackRock	4.79%
5	T. Rowe Price	4.52%
6	Elliott	3.68%
7	GEODE CAPITAL MANAGEMENT, LLC	2.69%
8	Invesco	2.54%
9	State Street	2.19%
10	Charles Schwab	1.44%

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 2025-2026 proxy season
Holder	% outstanding	Disclosure
Vanguard Group	12.39%	13F
PRIMECAP MANAGEMENT CO/CA/	9.63%	13G
Franklin Templeton	9.08%	13F
State Street Corporation	8.31%	DEF14A
Franklin Resources, Inc.	8.22%	DEF14A
BlackRock	5.85%	13F
Elliott Investment Management L.P.	4.97%	13D
T. Rowe Price	2.84%	13F
FMR (Fidelity)	2.00%	13F
Citadel Advisors	1.59%	13F

Percentages above are of 488,773,713 shares outstanding, as reported by Southwest Airlines Co. on its Form 10-Q dated 2026-04-22 (see the filing on EDGAR). This is the count contemporaneous with the 2025-2026 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 2026-04-22. This page is a static snapshot rebuilt weekly on 04 October 2026; a live search always shows the current data.

At Southwest Airlines Co.'s shareholder meeting held 2026-05-07, in the 2025-2026 proxy season, 798 asset managers reported how they voted on 14 ballot items in their SEC Form N-PX filings, covering 10,110 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 96% 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 · 2025-2026 (this page).