Form 4: Boeing Director Gitlin Acquires Phantom Stock Units

David L. Gitlin, a Director at Boeing Co., acquired 404 phantom stock units on April 1, 2026, as part of director compensation.

Summary

• David L. Gitlin, a Director of The Boeing Company, acquired 404 phantom stock units on April 1, 2026.
• These phantom stock units are convertible into common stock on a 1-for-1 basis.
• The units were awarded or acquired in lieu of director cash compensation.
• Distribution of the phantom stock units as common stock will occur after Gitlin's termination of service as a director, as per The Deferred Compensation Plan for Directors of The Boeing Company.
• Following this transaction, Gitlin beneficially owns 7,292.802 shares of common stock directly.

Sentiment

Score: 5

Explanation: StockSavvy.ai views this as a neutral filing, as it represents a routine compensation-related transaction for a director and does not indicate significant new financial performance or strategic shifts.

Positives

• Director David L. Gitlin's acquisition of phantom stock units indicates continued alignment with the company's performance and long-term value.
• The award of phantom stock units in lieu of cash compensation suggests a strategy to retain director commitment and align their interests with shareholders.

Future Outlook

Phantom stock units are convertible into common stock after termination of service as a director.

Industry Context

StockSavvy.ai notes that the issuance of phantom stock units to directors is a common practice in the aerospace and defense industry to incentivize long-term performance and align executive interests with shareholders.

Stakeholder Impact

• Shareholders: The transaction aligns director interests with long-term shareholder value through equity-based compensation.
• Directors: Continues the practice of providing equity-based compensation to directors.
• Employees: No direct impact on employees is indicated by this filing.

Next Steps

• Distribution of phantom stock units as common stock after the reporting person's termination of services as a director.

Key Dates

Keywords

Boeing, BA, Director, Phantom Stock Units, Compensation, SEC Form 4, Beneficial Ownership