Form 4: Boeing Director David L. Gitlin Reports Acquisition of Phantom Stock Units

Director David L. Gitlin reports acquisition of Boeing phantom stock units in lieu of cash compensation.

Summary

• On January 2, 2025, Boeing director David L. Gitlin acquired 479.929 phantom stock units.
• These units were awarded in lieu of director cash compensation.
• The phantom stock units are convertible into Boeing common stock on a 1-for-1 basis.
• As of the reported transaction, Gitlin directly owns 5,220.98 derivative securities.
• The phantom stock units will be distributed as shares of common stock after Gitlin'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 standard executive compensation practices, indicating stable corporate governance. The acquisition of phantom stock units is a neutral event, but it aligns the director's interests with shareholders, which is generally viewed positively.

Positives

• The acquisition of phantom stock units aligns the director's interests with those of the shareholders.
• The deferred compensation plan may incentivize long-term commitment from the director.

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

Form 4 filings are standard practice for reporting changes in beneficial ownership by company insiders, providing transparency to investors.

Stakeholder Impact

• Shareholders may view the acquisition of phantom stock units positively as it aligns the director's interests with the company's long-term performance.

Key Dates