Form 4: Boeing CEO David Calhoun Reports Acquisition of 30,894 Shares of Common Stock
SEC Form 4 Filing
Boeing CEO David Calhoun reports acquiring 30,894 shares of Boeing common stock on March 11, 2024, and beneficially owning 196,903.361 shares directly and 25,000 shares indirectly through a trust.
Summary
- On March 11, 2024, David L. Calhoun, the President & CEO and a Director of Boeing Co, acquired 30,894 shares of common stock.
- The acquisition was made at a price of $0.00 per share.
- These shares represent restricted stock units that will vest and settle in shares of Boeing's common stock on a one-for-one basis on March 11, 2027.
- Vested shares will be distributed in ten annual installments commencing the year following the year in which Mr. Calhoun separates from the Company.
- Following the transaction, Calhoun directly owns 196,903.361 shares of Boeing common stock.
- Calhoun also indirectly owns 25,000 shares through a trust.
Sentiment
Score: 6
Explanation: The sentiment is neutral. It's a standard regulatory filing related to stock ownership. The CEO acquiring shares is generally a positive sign, but it's part of a compensation package.
Positives
- The acquisition of shares by the CEO could be interpreted as a sign of confidence in the company's future prospects.
Future Outlook
The restricted stock units will vest on March 11, 2027, and be distributed in ten annual installments after Mr. Calhoun separates from the company.
Industry Context
This filing is a routine disclosure of insider transactions, which are common in publicly traded companies. Investors often monitor these filings for signals about management's confidence in the company's prospects.
Stakeholder Impact
- The transaction could have a minor positive impact on shareholder sentiment, as it indicates the CEO's investment in the company.
Key Dates
| Date | Description |
|---|---|
| 03/11/2024 | Date of transaction: Acquisition of 30,894 shares of Boeing common stock. |
| 03/11/2027 | Vesting date for the restricted stock units acquired. |
| 03/13/2024 | Date of signature by Attorney-in-Fact. |
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