Form 4: Boeing CLO & EVP Brett C. Gerry Reports Acquisition of 7,269 Shares of Common Stock

Brett C. Gerry, CLO & EVP of Global Compliance at Boeing, reported the acquisition of 7,269 shares of common stock on March 11, 2024, along with holdings in the company's 401(k) plan and a trust.

Summary

• On March 11, 2024, Brett C. Gerry, the CLO & EVP of Global Compliance at Boeing, acquired 7,269 shares of Boeing common stock.
• These shares were acquired at a price of $0.00, indicating they may have been granted as part of a compensation package.
• Following this transaction, Gerry directly owns 35,069.27 shares of Boeing common stock.
• Gerry also has indirect ownership through the company's 401(k) plan (3.166 shares) and a trust (10,205.16 shares).
• The reported transaction also includes restricted stock units that will vest and settle in shares of the Company's common stock on a one-for-one basis on March 11, 2027.

Sentiment

Score: 5

Explanation: The document is a neutral regulatory filing. The acquisition of shares by an executive is mildly positive, but not significantly impactful.

Positives

• The acquisition of shares by a company executive can be seen as a positive sign, indicating confidence in the company's future performance.

Future Outlook

The document does not contain specific forward-looking statements, but it does mention the vesting of restricted stock units in 2027.

Industry Context

Form 4 filings are a routine part of corporate governance, providing transparency into the transactions of company insiders. This filing indicates changes in the holdings of a key executive at Boeing.

Comparison to Industry Standards

• Executive compensation packages often include stock options and restricted stock units to align management's interests with those of shareholders.
• The amount of stock held by executives varies widely depending on the company's size, industry, and compensation policies.
• Comparing Brett C. Gerry's holdings to those of executives at similar aerospace companies like Lockheed Martin or General Dynamics would provide a better benchmark.

Stakeholder Impact

• The transaction could have a minor positive impact on shareholder sentiment, as it indicates confidence from a company executive.

Key Dates