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

Director Stayce D. Harris reports acquiring phantom stock units in Boeing, convertible to common stock, as part of deferred compensation.

Summary

• Stayce D. Harris, a director of Boeing, filed a Form 4 with the SEC.
• The report details the acquisition of 499.711 phantom stock units on April 1, 2025, at a price of $0.00 per unit.
• These units were awarded in lieu of director cash compensation under The Deferred Compensation Plan for Directors of The Boeing Company.
• 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 reported transaction, Harris directly owns 7,107.528 phantom stock units.

Sentiment

Score: 7

Explanation: The document reflects a routine transaction related to executive compensation, indicating a stable and expected aspect of the company's operations. The sentiment is neutral to slightly positive 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 the company.
• The deferred compensation plan incentivizes continued service and commitment from the 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.

Management Comments

• Pursuant to The Deferred Compensation Plan for Directors of The Boeing Company, phantom stock units are distributed as shares of common stock after the reporting person's termination of services as a director.

Industry Context

Executive compensation packages often include stock-based awards to align management's interests with shareholder value. Phantom stock units are a common tool for deferred compensation.

Comparison to Industry Standards

• Many large corporations, including Boeing's competitors like Airbus and Lockheed Martin, utilize stock-based compensation plans for their directors and executives.
• These plans often include restricted stock units, stock options, or phantom stock units to incentivize long-term performance and retention.
• The specific terms and conditions of these plans vary depending on the company's compensation philosophy and industry practices.

Stakeholder Impact

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

Key Dates

Keywords

Boeing, Director, Stayce D. Harris, Phantom Stock Units, Form 4, SEC, Deferred Compensation, Common Stock