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

Director Akhil Johri reports acquiring phantom stock units convertible to common stock in lieu of cash compensation.

Summary

• On April 1, 2025, Akhil Johri, a director of Boeing Co, acquired 529.544 phantom stock units.
• These units were awarded in lieu of director cash compensation and are convertible into common stock on a 1-for-1 basis.
• Following the transaction, Johri directly owns 9,653.854 phantom stock units.
• These units will be distributed as shares of common stock after Johri's termination of services as a director, according to The Deferred Compensation Plan for Directors of The Boeing Company.

Sentiment

Score: 7

Explanation: The document reflects a routine transaction of director compensation, which is generally viewed neutrally to positively as it aligns director interests with shareholders. There are no indications of negative performance or concerns.

Positives

• The acquisition of phantom stock units aligns the director's interests with the long-term performance of the company.
• The use of phantom stock units in lieu of cash compensation can be seen as a positive sign of the director's confidence in the company's future.

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

Directors receiving stock-based compensation is a common practice in publicly traded companies to align their interests with shareholders. Phantom stock units are a type of equity compensation that provides directors with the benefits of stock ownership without actually issuing shares until a later date.

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, General Dynamics, and Airbus also utilize stock options, restricted stock, and phantom stock units as part of their director compensation packages.
• The specific amount and type of equity compensation 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

Keywords

Boeing, Director, Akhil Johri, Phantom Stock Units, Form 4, Beneficial Ownership, Compensation, BA