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

Director David L. Gitlin reports acquiring phantom stock units in Boeing, convertible to common stock, as part of director compensation.

Summary

• David L. Gitlin, a director of Boeing, filed a Form 4 on April 3, 2025, reporting a transaction that occurred on April 1, 2025.
• Gitlin acquired 499.711 phantom stock units, which are convertible into common stock on a 1-for-1 basis.
• These units were awarded in lieu of director cash compensation under The Deferred Compensation Plan for Directors of The Boeing Company.
• The phantom stock units will be distributed as shares of common stock after Gitlin's termination of services as a director.
• Following the reported transaction, Gitlin directly owns 5,720.691 phantom stock units.

Sentiment

Score: 7

Explanation: The sentiment is neutral to slightly positive as it reflects standard director compensation practices, aligning director interests with shareholders.

Positives

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

This filing is a routine disclosure related to director compensation, which is a common practice among publicly traded companies like Boeing to align the interests of directors with those of shareholders.

Comparison to Industry Standards

• Director compensation packages often include stock options, restricted stock units, or phantom stock units to incentivize performance and align interests with shareholders.
• Companies like Lockheed Martin, General Dynamics, and Northrop Grumman also utilize similar compensation structures for their directors.
• The specific number of units and the terms of the deferred compensation plan are company-specific and depend on factors such as company size, performance, and industry practices.

Stakeholder Impact

• The acquisition of phantom stock units aligns the director's interests with those of the shareholders, potentially leading to better corporate governance and decision-making.

Key Dates

Keywords

Form 4, Boeing, Director, Gitlin, Phantom Stock Units, Compensation, BA