Form 4: Boeing Director Sabrina Soussan Reports Acquisition of Phantom Stock Units

Director Sabrina Soussan reported acquiring phantom stock units of Boeing Co. on April 1, 2024, convertible to common stock, as part of director compensation.

Summary

• On April 1, 2024, Sabrina Soussan, a director of Boeing Co., acquired 261.851 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.
• Following the transaction, Soussan directly owns 1,150.979 phantom stock units.
• These units will be distributed as shares of common stock after Soussan's termination of services as a director, according to The Deferred Compensation Plan for Directors of The Boeing Company.

Sentiment

Score: 7

Explanation: The document reflects a routine transaction related to director compensation, indicating a neutral to slightly positive sentiment as it aligns director interests with the company's performance.

Positives

• The acquisition of phantom stock units aligns the director's interests with the long-term performance of Boeing.
• The deferred compensation plan incentivizes continued service as a director.

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 among publicly traded companies like Boeing. It reflects standard practices for aligning director interests with shareholder value.

Comparison to Industry Standards

• Director compensation packages often include stock options, restricted stock units (RSUs), or phantom stock units to align director interests with shareholder value, similar to practices at companies like Lockheed Martin (LMT) and General Dynamics (GD).
• The Deferred Compensation Plan for Directors is a common practice, mirroring similar plans at other large corporations, such as those offered by General Electric (GE) and Raytheon Technologies (RTX).

Stakeholder Impact

• The acquisition of phantom stock units by a director can positively influence shareholder confidence by aligning management's interests with the company's long-term success.

Key Dates