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, awarded in lieu of director cash compensation, according to a Form 4 filing with the SEC.

Summary

• On October 1, 2024, Stayce D. Harris, a director of Boeing, acquired 547.582 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.
• According to the Deferred Compensation Plan for Directors, these units will be distributed as shares of common stock after the director's termination of services.
• Following the transaction, Harris directly owns 6,127.888 phantom stock units.

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 company performance.

Positives

• The acquisition of phantom stock units aligns the director's interests with the long-term performance of Boeing.
• The units were awarded in lieu of cash compensation, which may conserve the company's cash reserves.

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

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

Stakeholder Impact

• The transaction has a minor positive impact on shareholders by aligning director compensation with company stock performance.

Key Dates