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 July 1, 2024, Akhil Johri, a director of Boeing Co, acquired 477.205 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 the reporting person's termination of services as a director.
• Following the transaction, Johri directly owns 8,035.455 shares of Boeing common stock.

Sentiment

Score: 7

Explanation: The sentiment is neutral to positive as it reflects standard director compensation practices that align interests with shareholders.

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 compensation in the form of phantom stock units, a common practice in corporate governance to align director interests with shareholder value.

Comparison to Industry Standards

• Granting stock options and restricted stock units to directors is a common practice among publicly traded companies, including Boeing's peers such as Airbus, Lockheed Martin, and General Dynamics.
• These companies use equity-based compensation to incentivize directors to focus on long-term value creation.
• The specific amounts and terms of these grants vary based on company size, performance, and industry standards.

Stakeholder Impact

• The acquisition of phantom stock units by a director can positively influence shareholder confidence by aligning management's interests with the company's long-term success.

Key Dates