Form 4: Boeing Chief Engineer Reports Routine Stock Transaction for Tax Withholding
Insider Transaction Report
Howard E. McKenzie, Boeing's Chief Engineer, reported a disposition of shares for tax purposes related to restricted stock unit vesting.
Summary
- Howard E. McKenzie, Chief Engineer and EVP, ET&T at Boeing Co. (BA), reported a transaction on July 29, 2025.
- The transaction involved the disposition of 2,469.096 shares of Common Stock at a price of $233.97 per share.
- These shares were withheld for the payment of taxes upon the vesting of restricted stock units and were not an open market transaction.
- Following this transaction, McKenzie directly beneficially owns 25,282.526 shares of Common Stock.
- Indirect ownership includes 1,192.697 units in Boeing's 401(k) plan and 3,842.498 units in the Executive Supplemental Savings Plan (ESSP), with the ESSP amount corrected by a reduction of 1.45 units from a previous administrative error.
Sentiment
Score: 5
Explanation: The filing reports a routine, non-discretionary transaction for tax withholding, which is a neutral event with no direct positive or negative implications for the company's financial health or outlook.
Future Outlook
This filing does not contain any forward-looking statements or guidance.
Industry Context
This is a routine insider transaction for tax purposes, common across all publicly traded companies where executives receive equity compensation. It does not reflect broader industry trends or competitive positioning.
Corporate Governance
| Change Type | Description | Effective Date | Impact Assessment |
|---|---|---|---|
| Administrative Authorization | Howard E. McKenzie granted a Power of Attorney to designated individuals (Margaret R. Fleming, Stephanie L. Hernandez, Jenn X. Hu, Dana E. Kumar, and any duly appointed Corporate Secretary) to prepare, execute, and file SEC Forms 3, 4, and 5 on his behalf, and manage his EDGAR account. | July 24, 2025 | Streamlines the process for insider SEC filings, ensuring timely compliance with Section 16 of the Securities Exchange Act of 1934. |
Stakeholder Impact
- Shareholders: Minimal direct impact as this is a routine, non-discretionary transaction for tax purposes, not a market sale or purchase.
Key Dates
| Date | Description |
|---|---|
| July 24, 2025 | Date Power of Attorney was signed by Howard E. McKenzie. |
| July 29, 2025 | Date of the reported stock transaction (shares withheld for taxes). |
| July 31, 2025 | Date the Form 4 filing was signed and submitted. |
Keywords
Boeing, BA, Insider Transaction, Form 4, Stock Disposition, Tax Withholding, Restricted Stock Units, Executive Compensation
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