Form 4: Boeing Director Lynn Good Acquires Phantom Stock Units

Boeing Director Lynn J. Good acquired 400 phantom stock units as part of her deferred compensation plan, increasing her beneficial ownership.

Summary

• Boeing Director Lynn J. Good acquired 400 phantom stock units on January 2, 2026.
• These 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, Ms. Good beneficially owns a total of 16,544.509 phantom stock units.
• The acquisition was made pursuant to The Deferred Compensation Plan for Directors of The Boeing Company.
• The units will be distributed as shares of common stock after Ms. Good's termination of services as a director.

Sentiment

Score: 6

Explanation: The filing reports a routine director compensation event, which is slightly positive as it increases director alignment with shareholder interests, but it does not indicate any significant operational or financial news.

Positives

• The acquisition of phantom stock units by a director aligns their interests with those of shareholders, as the value of these units is tied to the company's stock performance.

Future Outlook

Phantom stock units are distributed as shares of common stock after the reporting person's termination of services as a director, indicating a future conversion event.

Industry Context

This filing represents a routine compensation disclosure for a director of a major aerospace and defense company. Such compensation structures, including deferred stock units, are common practice in large publicly traded corporations to align executive and director incentives with long-term shareholder value.

Comparison to Industry Standards

• The use of phantom stock units as a component of director compensation is a standard practice across many industries, including aerospace, to defer income and align long-term interests.
• The 1-for-1 conversion ratio to common stock is typical for such equity-based compensation plans.

Related Party Transactions

• The acquisition of phantom stock units by Director Lynn J. Good as part of her compensation plan constitutes a related party transaction.

Stakeholder Impact

• Shareholders: Increased alignment of director's financial interests with long-term shareholder value due to equity-based compensation.
• Director: Receives deferred compensation in the form of equity, tying personal wealth to company performance.

Next Steps

• Phantom stock units will be distributed as shares of common stock to Lynn J. Good after her termination of services as a director.

Key Dates

Keywords

Boeing, BA, Lynn Good, Director Compensation, Phantom Stock Units, Deferred Compensation Plan, Insider Transaction, Form 4