Form 4: Boeing Director Lynn Good Acquires Phantom Stock Units

Boeing Director Lynn J. Good acquired 413 phantom stock units as part of her compensation, increasing her beneficial ownership to 16,144.509 units.

Summary

• Lynn J. Good, a Director of The Boeing Company (BA), acquired 413 phantom stock units.
• The transaction date for this acquisition was October 1, 2025.
• These phantom stock units were acquired in lieu of director cash compensation.
• Phantom stock units are convertible into common stock on a 1-for-1 basis.
• Following this transaction, Lynn J. Good beneficially owns 16,144.509 phantom stock units.
• The units will be distributed as shares of common stock after her termination of services as a director, pursuant to The Deferred Compensation Plan for Directors.

Sentiment

Score: 6

Explanation: The filing reports a routine, non-cash acquisition of phantom stock units by a director as part of compensation, which is a neutral to slightly positive event due to increased insider alignment.

Positives

• The acquisition of phantom stock units aligns the director's interests with those of shareholders, as the value of these units is tied to the company's stock performance.
• This transaction represents a routine component of director compensation, indicating stable corporate governance practices regarding executive incentives.

Risks

• Phantom stock units do not confer immediate voting rights or direct equity ownership until conversion into common stock upon the director's termination of service.

Future Outlook

Phantom stock units will be distributed as shares of common stock after the reporting person's termination of services as a director, in accordance with The Deferred Compensation Plan for Directors of The Boeing Company.

Industry Context

This is a routine insider compensation report and does not provide specific insights into broader aerospace industry trends or competitive positioning. Such transactions are common across publicly traded companies as a form of non-cash director compensation.

Related Party Transactions

• The acquisition of phantom stock units by a director as compensation is a related party transaction, structured under The Deferred Compensation Plan for Directors of The Boeing Company.

Stakeholder Impact

• Shareholders may view this as a positive sign of continued alignment between the director's interests and the company's long-term performance, as the compensation is tied to stock value.

Next Steps

• Distribution of common stock shares to Lynn J. Good upon her termination of services as a director, based on the accumulated phantom stock units.

Key Dates

Recommendation

This Form 4 reports a routine acquisition of phantom stock units by a director as part of their compensation package. Such a transaction is not typically a significant event that would alter an investment thesis for a company like Boeing, thus a 'hold' recommendation remains appropriate based solely on this filing.

Keywords

Boeing, BA, Form 4, Insider Transaction, Phantom Stock Units, Director Compensation, Lynn J. Good, Equity Compensation