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

• On April 1, 2025, Lynn J. Good, a director of Boeing Co, acquired 529.544 phantom stock units.
• These units were awarded in lieu of director cash compensation and are convertible into common stock on a 1-for-1 basis.
• According to the Deferred Compensation Plan for Directors, these units will be distributed as shares of common stock after the director's termination of services.
• Following the transaction, Good directly owns 15,307.511 phantom stock units.

Sentiment

Score: 7

Explanation: The document reflects a routine transaction related to director compensation, which is generally neutral to positive as it aligns director interests with shareholders. There are no indications of negative news or concerns.

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

This filing is a routine disclosure related to director compensation and stock ownership, common in publicly traded companies like Boeing. It reflects standard practices for aligning director interests with shareholder value through equity-based compensation.

Comparison to Industry Standards

• Equity compensation for board members is a common practice among large publicly traded companies.
• Companies like Lockheed Martin, General Dynamics, and Airbus also utilize stock options, restricted stock units, and phantom stock plans to compensate their directors.
• The specific amount and type of equity compensation vary based on company size, performance, and industry standards.

Stakeholder Impact

• The acquisition of phantom stock units by a director can positively influence shareholder confidence by aligning management's interests with those of the shareholders.

Key Dates

Keywords

Boeing, Director, Lynn J. Good, Phantom Stock Units, Form 4, Compensation, Deferred Compensation Plan, Beneficial Ownership