DALLAS (April 5, 2013)—Gary Kelly, the CEO of Southwest Airlines, received $4 million in compensation for 2012, up 15 percent from 2011, largely because of bigger stock awards.
Southwest says in a regulatory filing that Kelly got a salary of $675,000 and a $961,000 bonus last year.
Most of Kelly's compensation is in stock awards, worth $2.25 million, according to the filing with the Securities and Exchange Commission
Kelly joined Southwest in 1986 and held a succession of finance jobs including chief financial officer before he was named CEO in 2004 and added the chairman's title in 2008.
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