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

• On July 1, 2024, Lynne M. Doughtie, a director of Boeing Co., acquired 269.056 phantom stock units.
• These units were awarded in lieu of director cash compensation.
• Phantom stock units are convertible into common stock on a 1-for-1 basis and will be distributed as shares of common stock after the reporting person's termination of services as a director.
• Following the transaction, Doughtie beneficially owns 3,782.012 phantom stock units.

Sentiment

Score: 7

Explanation: The document is a routine regulatory filing indicating standard compensation practices. It doesn't suggest any significant positive or negative implications for the company's financial health or future prospects.

Positives

• The acquisition of phantom stock units aligns the director's interests with those of the shareholders.
• Phantom stock units are convertible into common stock on a 1-for-1 basis.

Future Outlook

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

Industry Context

Form 4 filings are standard practice for reporting changes in beneficial ownership by company insiders, providing transparency to investors.

Comparison to Industry Standards

• Director compensation packages often include stock-based awards to align director and shareholder interests.
• Phantom stock units are a common form of deferred compensation for directors in many large corporations.
• The specifics of director compensation plans vary across companies and are typically disclosed in proxy statements.

Stakeholder Impact

• The acquisition of phantom stock units by a director aligns their interests with those of shareholders, potentially encouraging decisions that benefit the company's long-term value.

Key Dates