Form 4: Boeing Director Joyce Acquires Phantom Stock Units

David Leon Joyce, a Director at Boeing Co., acquired 465 phantom stock units on April 1, 2026, as part of a deferred compensation plan.

Summary

• David Leon Joyce, a Director of The Boeing Company, acquired 465 phantom stock units on April 1, 2026.
• These phantom stock units are convertible into common stock on a 1-for-1 basis.
• The acquisition is part of The Deferred Compensation Plan for Directors of The Boeing Company.
• The phantom stock units are awarded or acquired in lieu of director cash compensation.
• Distribution of these units as common stock shares will occur after the reporting person's termination of services as a director.

Sentiment

Score: 5

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

Positives

• Director David Leon Joyce has acquired additional equity-linked units, aligning his interests with shareholders.
• The acquisition is part of a standard director compensation plan, indicating ongoing engagement.

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 shares is contingent on the reporting person's termination of service, introducing a timing element to the realization of equity.

Future Outlook

Phantom stock units are convertible into common stock on a 1-for-1 basis and will be distributed as shares of common stock after the reporting person's termination of services as a director.

Industry Context

StockSavvy.ai notes that the acquisition of phantom stock units by a director is a common practice in the aerospace and defense industry, often used as a component of executive and director compensation to incentivize long-term performance and align interests with shareholders.

Related Party Transactions

• Acquisition of phantom stock units by Director David Leon Joyce in lieu of director cash compensation, as part of The Deferred Compensation Plan for Directors of The Boeing Company.

Stakeholder Impact

• Shareholders: The acquisition of phantom stock units by a director can be seen as a positive alignment of interests, though the actual impact on share price is minimal in the short term.
• Employees: No direct impact.
• Creditors: No direct impact.
• Suppliers: No direct impact.
• Customers: No direct impact.

Next Steps

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

Key Dates

Keywords

Boeing, BA, Form 4, Insider Trading, Director Compensation, Phantom Stock Units, Deferred Compensation, Equity Award