Form 4: Boeing Director Reports Phantom Stock Unit Transaction

Boeing Director Stayce D. Harris reported a transaction involving phantom stock units convertible into common stock.

Summary

• Stayce D. Harris, a Director at The Boeing Company, reported a transaction on July 1, 2026, involving 383 phantom stock units.
• These phantom stock units are convertible into common stock on a 1-for-1 basis.
• The units were awarded or acquired in lieu of director cash compensation.
• Distribution of these units as common stock shares will occur after the reporting person's termination of services as a director, as per The Deferred Compensation Plan for Directors.

Sentiment

Score: 5

Explanation: StockSavvy.ai views this as a neutral filing, as it represents a standard compensation transaction for a director and does not indicate significant new financial information or strategic shifts.

Positives

• Director compensation structure includes equity-like instruments (phantom stock units) tied to company performance.
• The transaction indicates continued participation and compensation for director services.

Risks

• The value of phantom stock units is tied to the future performance and stock price of Boeing, introducing market risk.
• Distribution is contingent on the director's termination of service, meaning the actual receipt of shares is deferred.

Future Outlook

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

Industry Context

StockSavvy.ai notes that the use of phantom stock units for director compensation is a common practice in the aerospace and defense industry, aligning director interests with shareholder value over the long term.

Stakeholder Impact

• Shareholders: The transaction reflects a standard compensation practice, with no immediate impact on share count or dilution. Long-term alignment of director interests with shareholders is maintained.
• Employees: No direct impact on employees.
• Creditors: No direct impact on creditors.
• Suppliers: No direct impact on suppliers.
• Customers: No direct impact on customers.

Next Steps

• Distribution of phantom stock units as common stock upon termination of director services.

Key Dates

Keywords

Boeing, Form 4, SEC Filing, Director Compensation, Phantom Stock Units, Insider Trading, Equity Compensation, BA