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 April 1, 2024, David L. Gitlin, a director of Boeing Co, acquired 438.6 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 directly owns 3,742.8 phantom stock units.

Sentiment

Score: 7

Explanation: The sentiment is neutral to slightly positive. The filing reflects standard director compensation practices, indicating good corporate governance and alignment of interests. There are no indications of negative events or concerns.

Positives

• The acquisition of phantom stock units aligns the director's interests with those of the shareholders.

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 is typical for publicly traded companies like Boeing. It provides transparency regarding the alignment of director interests with shareholder value through equity-based compensation.

Comparison to Industry Standards

• Equity-based compensation, such as phantom stock units, is a common practice among large publicly traded companies like Boeing to incentivize directors and align their interests with those of shareholders.
• Companies like Lockheed Martin, General Dynamics, and Airbus also utilize similar compensation structures for their board members.
• The specific amount and terms of the phantom stock units are likely determined based on industry benchmarks and the company's overall compensation strategy.

Stakeholder Impact

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

Key Dates