Form 4: Boeing Director Lynn J. Good Reports Acquisition of Phantom Stock Units

Director Lynn J. Good reports acquiring phantom stock units convertible to Boeing common stock in lieu of cash compensation.

Summary

• Lynn J. Good, a director of Boeing Co, filed a Form 4 on April 3, 2024, reporting a transaction that occurred on April 1, 2024.
• The transaction involved the acquisition of 464.785 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.
• Following the transaction, Good directly owns 13,211.538 phantom stock units.
• These phantom stock units will be distributed as shares of common stock after the reporting person's termination of services as a director.

Sentiment

Score: 5

Explanation: The document is a neutral regulatory filing. It doesn't contain information that would significantly impact investor sentiment positively or negatively.

Positives

• The acquisition of phantom stock units aligns the director's interests with those of the shareholders.
• The deferred compensation plan allows for the accumulation of company stock over time.

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

Form 4 filings are a routine part of corporate governance, providing transparency into the transactions of company insiders. The use of phantom stock units is a common method of compensating directors and aligning their interests with shareholders.

Comparison to Industry Standards

• Director compensation packages often include a mix of cash, stock options, and restricted stock units.
• Phantom stock units are similar to restricted stock units, but they do not grant ownership until they vest and are converted to common stock.
• The specific terms of director compensation plans vary widely across companies and industries.

Stakeholder Impact

• The transaction has a minimal direct impact on stakeholders.
• It reflects the company's compensation practices for its directors.

Key Dates