Form 4: Boeing Executive Michael J. Cleary Reports Acquisition of Restricted Stock Units

Boeing Controller Michael J. Cleary reports the acquisition of restricted stock units and adjustments to holdings in company savings plans.

Summary

• Michael J. Cleary, Controller at Boeing, filed a Form 4 on March 1, 2024, reporting changes in beneficial ownership of Boeing stock.
• On February 20, 2024, Cleary acquired 4,286 restricted stock units (RSUs) at a price of $0.00, which will vest and settle into common stock on February 22, 2027.
• Cleary's direct holdings of common stock after the transaction amount to 24,379.423 shares.
• Cleary also has indirect ownership through the 401(k) plan (519.74 units) and the Executive Supplemental Savings Plan (3,474.216 units), both represented as units in Boeing's common stock fund.

Sentiment

Score: 6

Explanation: The sentiment is neutral. It's a routine filing related to executive compensation. The acquisition of RSUs is generally a positive sign, but it's not a major event.

Positives

• The acquisition of restricted stock units by a company executive can be seen as a positive sign, indicating confidence in the company's future performance.

Future Outlook

The document does not contain specific forward-looking statements, but the vesting of restricted stock units in 2027 suggests a long-term incentive for the executive.

Industry Context

Form 4 filings are a routine part of executive compensation and provide transparency into the holdings of company insiders. This filing is typical for executives receiving stock-based compensation.

Comparison to Industry Standards

• Executive compensation packages often include restricted stock units as a way to align executive interests with shareholder value.
• The vesting period of three years is a common practice in the industry to incentivize long-term performance.
• Comparing Cleary's holdings and RSU grants to those of executives at similar aerospace companies like Lockheed Martin (LMT) or General Dynamics (GD) would provide a broader context.

Stakeholder Impact

• The acquisition of restricted stock units aligns the executive's interests with those of shareholders, incentivizing them to increase shareholder value.

Key Dates