KELLY GARY C

Gary Kelly's 652-transaction Form 4 file doubles as a departure timeline for Southwest Airlines (LUV). His twenty-first-century LUV relationship — 564 transactions and a 27:1 sell-to-buy ratio on 1.7 million shares sold — closed in September 2024 with 408,690 shares gifted in a single quarter and a coincidental 33,921-share open-market buy. Every filing since has been Lincoln National (LNC) administrative: quarterly Code A RSU awards (1,148 to 1,446 shares each) and sporadic Code F tax-withholding events, producing twenty-four consecutive filings with zero directional trades. The most recent disclosure arrived June 30, 2026 — a 1,272-share LNC award five days before this summary — making his active profile now a pure vesting calendar. The story worth keeping is the LUV exit, which concentrated 477,000 shares of disposition in a single quarter against a career of smaller, regular filings. That kind of date-clustered distribution is the precise signal an exit generates, and it is the only recent event in the file that carries informational weight beyond confirming that ongoing board obligations are being met on schedule.