Form 4: Boeing Director David Joyce Acquires Phantom Stock Units in Lieu of Cash Compensation

Director David Joyce acquired phantom stock units in Boeing, convertible to common stock, in lieu of director cash compensation.

Summary

• On October 1, 2024, Boeing director David Leon Joyce acquired 629.311 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 service termination.
• Following the transaction, Joyce directly owns 6,671.81 derivative securities.

Sentiment

Score: 7

Explanation: The sentiment is neutral to positive. The director taking compensation in stock aligns interests with shareholders. It is a routine transaction.

Positives

• The acquisition of phantom stock units aligns the director's interests with the long-term performance of the company.
• The director chose to take compensation in stock rather than cash.

Future Outlook

The phantom stock units will be distributed as shares of common stock after the director's termination of services, according to the Deferred Compensation Plan for Directors.

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 directors with those of shareholders.

Related Party Transactions

• The acquisition of phantom stock units by David Joyce, a Boeing director, is a related party transaction.

Stakeholder Impact

• The transaction aligns the director's interests with shareholders, potentially encouraging decisions that benefit the company's long-term performance.

Key Dates