Form 4: Boeing Director Bradley Tilden Reports Phantom Stock Units
Statement of Changes in Beneficial Ownership
Boeing Director Bradley Tilden reported the acquisition of phantom stock units convertible into common stock, awarded in lieu of director cash compensation.
Summary
- Bradley Tilden, a Director at The Boeing Company, has reported the acquisition of 404 phantom stock units.
- These units are convertible into common stock on a 1-for-1 basis.
- The phantom stock units were awarded or acquired in lieu of director cash compensation.
- Distribution of these units as common stock will occur after Tilden's termination of service as a director, as per The Deferred Compensation Plan for Directors.
Sentiment
Score: 5
Explanation: StockSavvy.ai views this as a neutral filing, as it represents a standard disclosure of director compensation in the form of phantom stock units, with no immediate financial impact or significant strategic revelation.
Positives
- Director compensation is being structured in a way that aligns with long-term equity ownership.
- The company has a formal plan for deferred compensation for its directors.
Risks
- The value of the phantom stock units is tied to the future performance and stock price of The Boeing Company.
- Distribution of shares is contingent on the reporting person's termination of service as a director.
Future Outlook
Phantom stock units are convertible into common stock after the reporting person's termination of services as a director.
Industry Context
StockSavvy.ai notes that the reporting of phantom stock units by a director is a common practice in the aerospace and defense industry, often used as a component of executive and director compensation to align long-term interests with shareholder value.
Corporate Governance
| Change Type | Description | Effective Date | Impact Assessment |
|---|---|---|---|
| Deferred Compensation Plan | The transaction is made pursuant to The Deferred Compensation Plan for Directors of The Boeing Company. | Indicates a structured approach to director compensation and long-term incentive alignment. |
Stakeholder Impact
- Shareholders: The issuance of phantom stock units is a form of compensation and does not immediately dilute share count, but conversion will increase the number of outstanding shares.
- Directors: Provides a mechanism for directors to receive equity-based compensation, aligning their interests with long-term company performance.
Next Steps
- Distribution of common stock upon termination of service as a director.
Key Dates
| Date | Description |
|---|---|
| 04/01/2026 | Earliest transaction date and acquisition date of phantom stock units. |
| 04/03/2026 | Date of signature for the filing. |
Keywords
Boeing, BA, Form 4, Director Compensation, Phantom Stock Units, Equity, SEC Filing, Insider Trading
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