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April 04, 2014

Southwest CEO Kelly makes $4.03 million, about the same as last year

Southwest Airlines chief executive Gary Kelly received $4.03 million in salary, bonus and stock awards in 2013, essentially flat from the year before.

Kelly's compensation package included a $675,000 salary and a $202,500 cash bonus, according to a Securites and Exchange Commission filing made on Friday.

Like last year, Kelly also received stock awards valued at $2.25 million. He also received $162,806 in other compensation, including travel benefits, home security and 401(k) plan contributions. The company also noted Kelly earned $726,570 in a non-equity incentive plan, the filing said.

Other top executives at the Dallas-based carrier also did not see increases in their annual compensation. Executive vice presidents Michael Van de Ven, Ron Ricks and Bob Jordan each received about $2.22 million, also flat when compared to their 2012 compensation packages.

Chief financial officer Tammy Romo, who was promoted to that position in 2012, received a 25 percent increase in compensation to $1.26 million in 2013.

The carrier said it will hold its annual shareholder meeting on May 14 in Dallas.

-Andrea Ahles


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