Form 4: Boeing EVP Sells Shares for Tax Obligations

Boeing Executive Vice President Jeffrey S. Shockey disposed of 4,444.18 shares of common stock to cover tax liabilities related to restricted stock unit vesting.

Summary

• Jeffrey S. Shockey, Executive Vice President of Government Operations, GPP & CS at Boeing Co. (BA), reported a disposition of common stock.
• The transaction involved 4,444.18 shares of Boeing common stock.
• The shares were disposed of at a price of $232.26 per share.
• This disposition was not an open market transaction but rather shares withheld for the payment of taxes on the vesting of restricted stock units.
• Following this transaction, Jeffrey S. Shockey beneficially owns 23,293.82 shares of Boeing common stock directly.

Sentiment

Score: 5

Explanation: StockSavvy.ai views this as a neutral event. The disposition of shares is for tax withholding purposes upon RSU vesting, which is a standard, non-discretionary transaction and does not reflect a change in the executive's investment sentiment or the company's operational performance.

Industry Context

StockSavvy.ai notes that Form 4 filings detailing tax-related dispositions of shares upon the vesting of restricted stock units are routine occurrences for executives in publicly traded companies. These transactions are typically non-discretionary and are a standard part of executive compensation plans.

Stakeholder Impact

• Shareholders: Minimal direct impact as this is a routine, non-open market transaction for tax purposes and does not signal a change in company fundamentals or executive confidence.

Key Dates

Keywords

Boeing, BA, Form 4, Insider Transaction, Executive Compensation, Restricted Stock Units, Tax Withholding, Stock Disposition