Form 4: Boeing Controller Cleary Receives RSU Grant

Boeing's Controller, Michael J. Cleary, reported the acquisition of 3,721 restricted stock units, vesting over three years.

Summary

• Michael J. Cleary, Controller of The Boeing Co. (BA), acquired 3,721 restricted stock units (RSUs) on February 17, 2026.
• These RSUs were granted at a price of $0.0000 per unit, indicating they are part of an equity compensation plan.
• The 3,721 RSUs will vest in three tranches: 1,227.93 units on February 17, 2027; 1,227.93 units on February 17, 2028; and 1,265.14 units on February 20, 2029.
• Upon vesting, the units will settle in shares of Boeing's common stock on a one-for-one basis.
• Following this transaction, Mr. Cleary directly beneficially owns 24,062.361 shares of common stock.
• Additionally, Mr. Cleary indirectly owns 519.74 units in Boeing's 401(k) plan and 3,474.216 units in the Executive Supplemental Savings Plan (ESSP), both represented by units in common stock funds.

Sentiment

Score: 6

Explanation: StockSavvy.ai views this as a neutral-to-slightly positive disclosure, as the grant of restricted stock units aligns executive compensation with long-term shareholder value, a standard practice in corporate governance.

Positives

• The grant of restricted stock units aligns the financial interests of a key executive, the Controller, with those of shareholders, promoting long-term value creation.

Future Outlook

The filing details future vesting schedules for restricted stock units, indicating a commitment to long-term executive compensation tied to future company performance.

Industry Context

StockSavvy.ai notes that the grant of restricted stock units is a common practice in the aerospace and defense industry, used by companies like Boeing to incentivize and retain key executives by linking their compensation to the company's long-term stock performance. This aligns with standard corporate governance practices across major publicly traded companies.

Comparison to Industry Standards

• The use of Restricted Stock Units (RSUs) as a component of executive compensation is a widely adopted practice across global industries, including aerospace, and is consistent with compensation structures at peers such as Airbus SE, Lockheed Martin Corporation, and Raytheon Technologies Corporation.
• The multi-year vesting schedule (3 years) is typical for RSU grants, designed to encourage long-term executive retention and performance, comparable to similar programs observed at major industrial and technology firms globally.

Stakeholder Impact

• Shareholders: Potential minor dilution upon the vesting and settlement of RSUs into common stock, but also increased alignment of executive interests with long-term shareholder value.

Next Steps

• Vesting of 1,227.93 restricted stock units on February 17, 2027.
• Vesting of 1,227.93 restricted stock units on February 17, 2028.
• Vesting of 1,265.14 restricted stock units on February 20, 2029.

Key Dates

Keywords

Boeing, BA, Form 4, Insider Transaction, Restricted Stock Units, RSU Grant, Executive Compensation, Controller, Equity Award