Form 4: Boeing Director Gitlin Reports Phantom Stock Unit Transaction

David L. Gitlin, a Director at Boeing Co., reported a transaction involving phantom stock units on July 1, 2026, acquired in lieu of director cash compensation.

Summary

• David L. Gitlin, a Director of The Boeing Company, reported a transaction on July 1, 2026, involving 383 phantom stock units.
• These phantom stock units were acquired in lieu of director cash compensation.
• The phantom stock units are convertible into common stock on a 1-for-1 basis.
• Following this transaction, Gitlin beneficially owns 7,675.802 shares of common stock directly.
• The phantom stock units are part of The Deferred Compensation Plan for Directors and will be distributed as common stock after termination of service as a director.

Sentiment

Score: 5

Explanation: StockSavvy.ai views this as a neutral filing, as it represents a routine compensation-related transaction for a director rather than a significant strategic event or financial performance indicator.

Positives

• Director David L. Gitlin continues to hold a significant beneficial ownership in Boeing Co. common stock, with 7,675.802 shares following the transaction.
• The acquisition of phantom stock units in lieu of cash compensation suggests a long-term commitment and alignment with shareholder interests.

Risks

• The value of the phantom stock units is tied to the future performance of Boeing's common stock, which is subject to market volatility and company-specific risks.
• Distribution of phantom stock units is contingent upon the reporting person's termination of services as a director, introducing a timing element to the realization of value.

Future Outlook

Phantom stock units are expected to be distributed as shares of common stock after the reporting person's termination of services as a director.

Industry Context

StockSavvy.ai notes that insider transactions, such as the acquisition of phantom stock units by directors, are common in the aerospace and defense industry as a method to align executive and director compensation with long-term company performance and shareholder value.

Stakeholder Impact

• Shareholders: The transaction reinforces director alignment with long-term company performance, potentially benefiting shareholders through sustained executive commitment.
• Directors: The use of phantom stock units as compensation is a standard practice that allows directors to benefit from the company's growth over time.

Next Steps

• Distribution of phantom stock units as common stock upon termination of director services.

Key Dates

Keywords

Boeing, BA, Form 4, Director, Phantom Stock Units, Beneficial Ownership, Deferred Compensation Plan, Insider Transaction