Form 4: Boeing Director Akhil Johri Acquires Phantom Stock Units in Lieu of Cash Compensation

Director Akhil Johri acquired phantom stock units in Boeing, convertible to common stock, in lieu of cash compensation on January 2, 2025.

Summary

• On January 2, 2025, Akhil Johri, a director of Boeing Co, acquired 508.581 phantom stock units.
• These units were awarded in lieu of director cash compensation.
• The phantom stock units are convertible into common stock on a 1-for-1 basis.
• According to the Deferred Compensation Plan for Directors, these units will be distributed as shares of common stock after the director's termination of services.
• Following the transaction, Johri directly owns 9,124.31 derivative securities.

Sentiment

Score: 7

Explanation: The acquisition of phantom stock units by a director is generally viewed positively as it aligns their interests with shareholders. The score reflects a moderately positive sentiment.

Positives

• The acquisition of phantom stock units by a director can be seen as a positive sign, indicating confidence in the company's future performance.

Future Outlook

The phantom stock units will be distributed as shares of common stock after the director's termination of services.

Industry Context

Director compensation in the form of stock options or phantom stock units is a common practice in publicly traded companies to align the interests of management with those of shareholders.

Comparison to Industry Standards

• Stock-based compensation for directors is a common practice among large publicly traded companies like Boeing.
• Companies such as Lockheed Martin (LMT) and General Dynamics (GD) also utilize stock options and restricted stock units as part of their director compensation packages.
• The specific amount and terms of these awards vary based on company size, performance, and industry benchmarks.

Stakeholder Impact

• Shareholders may view the director's acquisition of phantom stock units positively, as it aligns management's interests with the company's long-term success.

Key Dates