Form 4: Boeing CFO Brian West Reports Acquisition of Restricted Stock Units and 401(k) Contributions

Boeing's EVP & CFO, Brian West, reports the acquisition of restricted stock units and periodic contributions to the company's 401(k) plan.

Summary

• On March 11, 2024, Brian West, EVP & Chief Financial Officer of Boeing, acquired 10,903 restricted stock units.
• These restricted stock units will vest and settle into shares of Boeing's common stock on a one-for-one basis on March 11, 2027.
• West also reported periodic contributions to Boeing's 401(k) plan, resulting in an increase of 691.398 units in the common stock fund.
• Following these transactions, West directly owns 56,338.725 shares of Boeing common stock and indirectly owns 691.398 units through the 401(k) plan.

Sentiment

Score: 7

Explanation: The sentiment is neutral to positive. The acquisition of restricted stock units and continued 401(k) contributions suggest confidence in the company's future, but it's a routine transaction.

Positives

• The acquisition of restricted stock units aligns the CFO's interests with the long-term performance of Boeing.
• Continued contributions to the 401(k) plan demonstrate confidence in the company's future.

Future Outlook

The restricted stock units will vest and settle in shares of the Company's common stock on a one-for-one basis on March 11, 2027.

Industry Context

Executive compensation through stock and equity plans is a common practice in the aerospace industry to incentivize performance and align management interests with shareholders.

Comparison to Industry Standards

• Stock-based compensation is a standard practice among large aerospace companies like Lockheed Martin (LMT) and General Dynamics (GD).
• These companies often use a mix of restricted stock units, stock options, and performance-based equity awards to incentivize their executives.
• The vesting schedules and terms of these awards are typically aligned with long-term strategic goals and shareholder value creation.

Stakeholder Impact

• The acquisition of restricted stock units aligns the CFO's interests with shareholders, potentially encouraging decisions that increase shareholder value.
• Continued contributions to the 401(k) plan benefit the employee and the company.

Key Dates