Form 4: Boeing Executive Sells Shares to Cover Tax Obligations

Boeing EVP David Christopher Raymond sold 301 shares of common stock on September 3, 2024, to cover tax obligations arising from the vesting of restricted stock units.

Summary

• On September 3, 2024, David Christopher Raymond, an Executive Vice President, President, and CEO of Boeing, disposed of 301 shares of Boeing common stock.
• The transaction was executed to cover tax obligations related to the vesting of restricted stock units.
• The sale price was $163.95 per share.
• Following the transaction, Raymond directly owns 41,496.016 shares of Boeing common stock.
• Raymond also indirectly owns shares through the 401(k) plan (0.083 shares), the Executive Supplemental Savings Plan (8,924.002 shares), and Career Shares (957.42 shares).

Sentiment

Score: 5

Explanation: The document reflects a routine transaction (covering tax obligations) and doesn't indicate any significant positive or negative sentiment.

Industry Context

Form 4 filings are a routine part of executive compensation and are closely watched by investors for insights into management's perspective on the company's stock.

Comparison to Industry Standards

• Executive stock sales to cover tax obligations are a common practice across publicly traded companies.
• The amount of shares sold is relatively small compared to the executive's total holdings, suggesting it's a routine transaction rather than a significant change in investment strategy.
• Comparable companies such as Lockheed Martin (LMT) and General Dynamics (GD) also see similar Form 4 filings from their executives.

Key Dates