Form 4: Boeing Director Lynne M. Doughtie Reports Acquisition of Phantom Stock Units

Director Lynne M. Doughtie reports acquiring phantom stock units in Boeing Co. in lieu of director cash compensation.

Summary

• Lynne M. Doughtie, a director of Boeing Co., filed a Form 4 on October 3, 2024, reporting a transaction that occurred on October 1, 2024.
• The transaction involved the acquisition of 326.915 phantom stock units, convertible to common stock on a 1-for-1 basis, at a price of $0.0000 per unit.
• These units were awarded in lieu of director cash compensation under The Deferred Compensation Plan for Directors of The Boeing Company.
• Following the reported transaction, Doughtie beneficially owns 4,108.927 phantom stock units directly.

Sentiment

Score: 7

Explanation: The document reflects a routine transaction related to director compensation, which is generally viewed neutrally. The acquisition of stock units can be seen as a positive sign of alignment with shareholder interests, but it's not a major event that would significantly impact sentiment.

Positives

• The acquisition of phantom stock units aligns the director's interests with those of the shareholders.
• The director chose to take compensation in stock rather than cash.

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

Directors often receive stock-based compensation to align their interests with shareholders and promote long-term value creation. This is a common practice in publicly traded companies.

Comparison to Industry Standards

• Stock-based compensation for directors is a common practice among publicly traded companies, including Boeing's peers in the aerospace and defense industry such as Lockheed Martin (LMT) and General Dynamics (GD).
• The specific amount and type of equity compensation can vary based on company size, performance, and individual director roles.
• Companies like Apple (AAPL) and Microsoft (MSFT) also utilize stock awards and options as part of their director compensation packages.

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