Form 4: Boeing Director Lawrence W. Kellner Reports Acquisition of Phantom Stock Units

Director Lawrence W. Kellner reports acquiring phantom stock units in Boeing, convertible to common stock, as part of director compensation.

Summary

• Lawrence W. Kellner, a director of Boeing Co, reported a transaction involving phantom stock units on April 1, 2024.
• Kellner acquired 201.352 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 Kellner's termination of services as a director.
• Following the reported transaction, Kellner directly owns 20,968.49 derivative securities.

Sentiment

Score: 6

Explanation: The sentiment is neutral as it reflects a standard transaction related to director compensation. There are no explicit positive or negative implications for the company's performance.

Positives

• The acquisition of phantom stock units aligns the director's interests with the long-term performance of Boeing.
• The deferred compensation plan allows directors to accumulate company stock, potentially increasing their stake in the company's success.

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 common among publicly traded companies. It reflects a component of executive pay that is tied to the company's stock performance.

Stakeholder Impact

• Shareholders may view the director's acquisition of phantom stock units positively, as it aligns their interests with the company's long-term success.

Key Dates