Form 4: Boeing Controller Michael Cleary Reports Routine Stock Transaction for Tax Withholding
Insider Transaction Report
Boeing's Controller, Michael J. Cleary, reported a routine disposition of 1,431.662 shares of common stock at $233.97 per share for tax withholding purposes related to restricted stock unit vesting.
Summary
- Michael J. Cleary, Controller at The Boeing Company (BA), reported a transaction on July 29, 2025.
- The transaction involved the disposition of 1,431.662 shares of Boeing common stock.
- These shares were withheld for the payment of taxes upon the vesting of restricted stock units, and it was not an open market transaction.
- The price per share for the withheld shares was $233.97.
- Following this transaction, Michael J. Cleary directly beneficially owns 20,518.207 shares of common stock.
- Additionally, indirect ownership includes 519.74 units in the issuer's 401(k) plan and 3,474.216 units in the Executive Supplemental Savings Plan (ESSP), both represented by units in the common stock fund rather than direct shares.
Sentiment
Score: 5
Explanation: The filing reports a routine, non-open market transaction for tax withholding, which is a neutral event with no direct positive or negative implications for the company's operational or financial performance.
Positives
- This filing represents a routine, non-open market transaction for tax withholding purposes, indicating the vesting of restricted stock units, which is a standard component of executive compensation.
Negatives
- This filing is a routine compliance report for an insider transaction and does not contain information that would typically be categorized as negative for the company's operations or financial performance.
Risks
- N/A This filing type (Form 4) is for reporting insider transactions and does not typically disclose company-specific risks or risk factors.
Future Outlook
N/A This Form 4 filing is a transactional report and does not provide any forward-looking statements or guidance regarding the company's future performance or outlook.
Management Comments
- N/A This filing is a statutory report of an insider transaction and does not contain direct quotes or paraphrased statements from company management regarding strategic or operational matters.
Industry Context
N/A This Form 4 filing details a specific insider transaction and does not provide broader industry context or analysis of industry trends.
Comparison to Industry Standards
- N/A This filing is a routine insider transaction report and does not contain information suitable for comparison to industry-wide financial or operational benchmarks.
Management Changes
| Role | Previous Person | New Person | Effective Date | Reason |
|---|---|---|---|---|
Corporate Governance
| Change Type | Description | Effective Date | Impact Assessment |
|---|---|---|---|
| Power of Attorney Authorization | Michael J. Cleary granted a Power of Attorney to several 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 documents, including Forms 3, 4, and 5, on his behalf. This streamlines compliance with Section 16 of the Securities Exchange Act of 1934. | 07/23/2025 | Enhances efficiency and ensures timely compliance with SEC filing requirements for insider transactions by authorizing designated attorneys-in-fact to manage the reporting person's EDGAR account and filings. |
Legal Proceedings
- N/A This filing is a Form 4 for an insider transaction and does not report any litigation or regulatory matters.
Related Party Transactions
- The reported transaction involves an officer of The Boeing Company (Michael J. Cleary) and the company itself, specifically the withholding of shares for tax purposes related to compensation. This is a standard, routine transaction within the scope of executive compensation and not a special related-party deal that would typically raise governance concerns.
Stakeholder Impact
- Shareholders: Minimal direct impact as this is a routine, non-open market transaction for tax purposes related to executive compensation, not indicative of a change in company performance or strategy.
- Employees: No direct impact beyond the reporting executive.
Next Steps
- N/A This filing reports a completed transaction and does not outline specific future actions, events, or milestones for the company or the reporting person beyond standard compliance.
Key Dates
| Date | Description |
|---|---|
| 07/23/2025 | Date of execution for the Power of Attorney document. |
| 07/29/2025 | Date of the earliest transaction reported, involving the disposition of common stock for tax withholding. |
| 07/31/2025 | Date the Form 4 was signed and filed. |
Keywords
Boeing, BA, Form 4, Insider Transaction, Stock Disposition, Tax Withholding, Restricted Stock Units, Michael J. Cleary, Controller, Executive Compensation
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