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

Stayce D. Harris, a director of Boeing Co, reported the acquisition of phantom stock units in lieu of director cash compensation.

Summary

• On April 1, 2024, Stayce D. Harris, a director of Boeing Co, acquired 438.6 phantom stock units.
• These units were awarded in lieu of director cash compensation.
• The 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, Harris directly owns 5,129.637 phantom stock units.

Sentiment

Score: 7

Explanation: The document is a routine regulatory filing, indicating standard compensation practices. The sentiment is neutral to slightly positive as it reflects alignment of director interests with shareholders.

Positives

• The acquisition of phantom stock units aligns the director's interests with those of the shareholders.

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 a routine part of corporate governance, providing transparency into the transactions of company insiders.

Stakeholder Impact

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

Key Dates