Form 4: Boeing Director Akhil Johri Reports Acquisition of Phantom Stock Units

Director Akhil Johri reports acquisition of Boeing phantom stock units in lieu of cash compensation.

Summary

• On October 1, 2024, Akhil Johri, a director of Boeing Co, acquired 580.274 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 and will be distributed as shares of common stock after termination of services as a director.
• Following the transaction, Johri directly owns 8,615.729 phantom stock units.

Sentiment

Score: 7

Explanation: The document reflects a routine transaction related to director compensation, which is generally viewed neutrally. The acquisition of phantom stock units can be seen as a positive sign, aligning director interests with the company's long-term performance.

Positives

• The acquisition of phantom stock units aligns the director's interests with the long-term performance of the company.

Future Outlook

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

Industry Context

This filing is a routine disclosure of a director's acquisition of phantom stock units, a common form of executive compensation in publicly traded companies. It reflects standard practices for aligning director interests with shareholder value.

Comparison to Industry Standards

• Phantom stock units are a common form of executive compensation, used by companies like Lockheed Martin, General Dynamics, and Raytheon Technologies to align executive interests with shareholder value.
• The vesting and distribution terms described are typical for deferred compensation plans for directors.

Stakeholder Impact

• The acquisition of phantom stock units by a director can positively influence shareholder confidence by aligning management's interests with those of the shareholders.

Key Dates