Form 4: Boeing Director Stayce D. Harris Reports Acquisition of Phantom Stock Units

Stayce D. Harris, a director of Boeing, reported the acquisition of phantom stock units convertible to common stock, according to a Form 4 filing with the SEC.

Summary

• On January 2, 2025, Stayce D. Harris, a director of Boeing, acquired 479.929 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.
• The phantom stock units will be distributed as shares of common stock after Ms. Harris' termination of services as a director, according to The Deferred Compensation Plan for Directors of The Boeing Company.
• Following the reported transaction, Ms. Harris beneficially owns 6,607.817 phantom stock units directly.

Sentiment

Score: 7

Explanation: The document is a neutral report of a standard transaction. It reflects positively on the company's compensation practices and alignment of director interests.

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 of a director's compensation in the form of phantom stock units, a common practice in corporate governance to align director interests with shareholder value.

Stakeholder Impact

• The acquisition of phantom stock units by a director aligns their interests with those of the shareholders, potentially encouraging decisions that increase shareholder value.

Key Dates