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 July 1, 2024, David L. Gitlin, a director of Boeing Co, acquired 450.669 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 Mr. Gitlin's termination of services as a director.
• Following the transaction, Mr. Gitlin beneficially owns 4,193.469 phantom stock units.

Sentiment

Score: 7

Explanation: The sentiment is neutral to slightly positive. The filing reflects standard compensation practices and aligns director interests with shareholders.

Positives

• The acquisition of phantom stock units aligns the director's interests with those of the shareholders, as the value is tied to the performance of Boeing's common stock.

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 related to director compensation and aligns with standard corporate governance practices.

Comparison to Industry Standards

• Director compensation packages often include stock-based awards to align director interests with shareholder value.
• Phantom stock units are a common form of equity compensation, similar to restricted stock units (RSUs) used by companies like Apple (AAPL) and Microsoft (MSFT).
• The vesting and distribution terms are typical for deferred compensation plans.

Stakeholder Impact

• The acquisition of phantom stock units by a director can positively influence shareholder sentiment by aligning management's interests with the company's long-term success.

Key Dates