Form 4: Boeing CIO & SVP, IT & Data Analytics, Susan Doniz, Reports Acquisition of Restricted Stock Units
SEC Form 4 Filing
Susan Doniz, CIO & SVP, IT & Data Analytics at Boeing, reports the acquisition of 4,543 restricted stock units on March 11, 2024, according to a Form 4 filing with the SEC.
Summary
- On March 11, 2024, Susan Doniz, the CIO & SVP, IT & Data Analytics of Boeing, acquired 4,543 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.
- Following the reported transaction, Doniz directly owns 25,267.276 shares of Boeing common stock.
Sentiment
Score: 6
Explanation: The sentiment is neutral. It's a routine filing related to executive compensation. The acquisition of restricted stock units can be seen as a slightly positive sign, indicating confidence in the company's future.
Positives
- The acquisition of restricted stock units by a high-ranking executive could be seen as a positive sign, indicating confidence in the company's future performance.
Future Outlook
The restricted stock units will vest in 2027, potentially increasing Doniz's stake in Boeing.
Industry Context
Executive compensation in the form of stock options and restricted stock units is a common practice in publicly traded companies to align management's interests with those of shareholders.
Comparison to Industry Standards
- Stock-based compensation is a standard practice among large publicly traded companies like Boeing, including competitors such as Airbus and Lockheed Martin.
- Executive compensation packages often include a mix of salary, bonus, stock options, and restricted stock units, with the proportion varying based on company performance and industry benchmarks.
- The vesting schedules for restricted stock units typically range from three to five years, aligning with long-term strategic goals.
Stakeholder Impact
- The transaction has a minor positive impact on shareholders as it aligns executive interests with company performance.
Key Dates
| Date | Description |
|---|---|
| 03/11/2024 | Date of transaction: Acquisition of 4,543 restricted stock units. |
| 03/11/2027 | Vesting date for the restricted stock units, settling into common stock on a one-for-one basis. |
| 03/13/2024 | Date of signature on the Form 4 filing. |
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