Form 4: Boeing Executive Jeffrey S. Shockey Reports Acquisition of Stock and Stock Options
SEC Form 4 Filing
EVP Jeffrey S. Shockey reports acquiring Boeing common stock and stock options on February 24, 2025.
Summary
- On February 24, 2025, Jeffrey S. Shockey, an Executive Vice President at Boeing, reported acquiring 20,161 shares of common stock and 17,785 stock options.
- The common stock was acquired at $0.00 per share.
- The stock options have an exercise price of $215.75 and become fully vested and exercisable on February 24, 2028, expiring on February 24, 2035.
- Following the reported transactions, Shockey directly owns 23,718 shares of Boeing common stock and 17,785 stock options.
Sentiment
Score: 6
Explanation: The sentiment is neutral. It's a routine disclosure of executive stock transactions. The acquisition of shares and options suggests confidence, but it's a standard part of compensation.
Positives
- The acquisition of stock and stock options by a high-ranking executive could be interpreted as a positive signal about the executive's confidence in the company's future performance.
Industry Context
Executive stock ownership is a common practice in publicly traded companies like Boeing to align management's interests with those of shareholders.
Comparison to Industry Standards
- Executive compensation packages, including stock options and restricted stock units, are standard practice among large aerospace and defense companies such as Lockheed Martin, General Dynamics, and Northrop Grumman.
- The vesting schedules and exercise prices are typically structured to incentivize long-term performance and retention.
Stakeholder Impact
- The transaction could have a minor positive impact on shareholder sentiment if viewed as a sign of executive confidence.
Key Dates
| Date | Description |
|---|---|
| 02/24/2025 | Date of transaction: acquisition of common stock and stock options. |
| 02/24/2026 | 9,016.81 restricted stock units will vest. |
| 02/24/2027 | 9,016.81 restricted stock units will vest. |
| 02/24/2028 | 2,127.38 restricted stock units will vest and stock options become fully vested and exercisable. |
| 02/24/2035 | Expiration date of the stock options. |
| 02/26/2025 | Date of Form 4 filing. |
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