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 October 1, 2024, David L. Gitlin, a director of Boeing Co., acquired 547.582 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 and will be distributed as shares of common stock after the reporting person's termination of services as a director.
• Following the transaction, Gitlin directly owns 4,741.051 phantom stock units.

Sentiment

Score: 7

Explanation: The sentiment is neutral to slightly positive as it reflects standard compensation practices and alignment of director interests with company performance.

Positives

• The acquisition of phantom stock units aligns the director's interests with the long-term performance of the company.

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

This filing is a routine disclosure of insider transactions, which are common for directors and officers of publicly traded companies. It reflects part of the compensation structure for board members.

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