Form 4: Spirit AeroSystems Director Converts Equity to Boeing Shares
Insider Transaction Report
Spirit AeroSystems director James R. Ray Jr. converted restricted shares and units into Boeing common stock following the merger agreement.
Summary
- Director James R. Ray Jr. reported changes in beneficial ownership of Spirit AeroSystems Holdings, Inc. equity.
- On December 8, 2025, 7,414 restricted Class A Common Stock shares were automatically canceled.
- Concurrently, 16,288 Restricted Stock Units (RSUs) were also automatically canceled on December 8, 2025.
- These cancellations occurred pursuant to the Agreement and Plan of Merger among Spirit AeroSystems, The Boeing Company, and Sphere Acquisition Corp., dated June 30, 2024.
- As a result of the merger agreement, the director became entitled to receive Boeing common stock at an exchange ratio of 0.1955 shares of Boeing for each canceled Spirit AeroSystems share or RSU.
Sentiment
Score: 5
Explanation: The filing is a standard Form 4 reporting an insider transaction related to a pre-announced merger, providing factual details without expressing a specific sentiment.
Future Outlook
The filing confirms the execution of the merger agreement terms, specifically the conversion of Spirit AeroSystems equity into Boeing common stock for non-employee directors.
Industry Context
This transaction reflects the ongoing consolidation and strategic alignment within the aerospace manufacturing sector, specifically between a major supplier (Spirit AeroSystems) and its primary customer (Boeing), following their announced merger agreement.
Related Party Transactions
- Conversion of director's restricted equity into Boeing common stock as part of the merger agreement between Spirit AeroSystems and The Boeing Company.
Stakeholder Impact
- Shareholders of Spirit AeroSystems, including directors, are transitioning their equity holdings into Boeing common stock as a result of the merger, changing their investment vehicle.
Key Dates
| Date | Description |
|---|---|
| 06/30/2024 | Date of the Agreement and Plan of Merger among Spirit AeroSystems, The Boeing Company, and Sphere Acquisition Corp. |
| 12/08/2025 | Date of transaction for the conversion of restricted shares and RSUs into Boeing common stock. |
Keywords
Spirit AeroSystems, Boeing, Merger, Form 4, Insider Transaction, Restricted Stock Units, Equity Conversion, Director
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