Form 4: Boeing Executive Howard E. McKenzie Reports Stock Transactions

Boeing's Chief Engineer and EVP, Howard E. McKenzie, reported the withholding of shares for tax purposes and changes in holdings within the company's 401(k) and Executive Supplemental Savings Plan.

Summary

• Howard E. McKenzie, Chief Engineer & EVP at Boeing, filed a Form 4 detailing changes in his beneficial ownership of company stock.
• On December 2, 2024, 177.713 shares of common stock were withheld for FICA tax purposes at a price of $158.025 per share.
• McKenzie's direct holdings decreased to 21,458.021 shares after this transaction.
• He also has indirect ownership of 1,192.697 shares through the company's 401(k) plan and 3,683.877 shares through the Executive Supplemental Savings Plan.
• These indirect holdings are represented by units in the respective common stock funds, not direct shares.

Sentiment

Score: 5

Explanation: The document is a neutral report of stock transactions, with no indication of positive or negative sentiment.

Industry Context

This filing is a routine disclosure of stock transactions by a company executive, which is common practice for publicly traded companies like Boeing. It provides transparency into the holdings of key personnel.

Comparison to Industry Standards

• Form 4 filings are standard practice for publicly traded companies in the US, and Boeing's filing is consistent with these requirements.
• Other aerospace and defense companies such as Lockheed Martin (LMT) and General Dynamics (GD) also have similar filings when their executives trade company stock.
• The use of 401(k) plans and executive supplemental savings plans for employee compensation is also a common practice in the industry.

Stakeholder Impact

• The transaction has a minor impact on shareholders as it reflects a routine adjustment in executive stock holdings.
• The filing provides transparency to stakeholders regarding executive compensation and ownership.

Key Dates

Keywords

Boeing, stock, Form 4, insider trading, executive compensation, Howard E. McKenzie, 401k, Executive Supplemental Savings Plan