Southwest Airlines CEO’s compensation flat in 2013 at $4 million

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

The compensation package included a $675,000 salary and a $202,500 cash bonus, according to a Securities and Exchange Commission filing 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) contributions. The company also noted that Kelly earned $726,570 in a nonequity incentive plan, the filing said.

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

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 May 14 in Dallas.