Form 4: Boeing Director David Joyce Reports Acquisition of Phantom Stock Units

Director David Leon Joyce reports acquiring phantom stock units in Boeing, convertible to common stock, as part of deferred compensation.

Summary

• On April 1, 2025, David Leon Joyce, a director of Boeing, acquired 574.294 phantom stock units.
• These units are convertible into Boeing common stock on a 1-for-1 basis.
• The acquisition was part of the Deferred Compensation Plan for Directors of The Boeing Company.
• The phantom stock units were awarded in lieu of director cash compensation.
• Following the transaction, Joyce directly owns 7,797.664 phantom stock units.
• These units will be distributed as shares of common stock after Joyce's termination of services as a director.

Sentiment

Score: 7

Explanation: The sentiment is neutral to slightly positive. It reflects standard executive compensation practices and aligns director interests with shareholder value. There are no indications of negative events or concerns.

Positives

• The acquisition of phantom stock units aligns the director's interests with the long-term performance of Boeing.
• The Deferred Compensation Plan for Directors allows for tax-deferred accumulation of wealth.

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

Executive compensation packages often include stock-based awards to align management's interests with those of shareholders. Phantom stock units are a common tool for deferred compensation.

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, Phantom Stock Units, Deferred Compensation, Form 4, BA, David Leon Joyce