Form 4: Spirit AeroSystems Director Converts Shares in Boeing Merger

Spirit AeroSystems director Paul E. Fulchino converted his Class A Common Stock and restricted shares into Boeing common stock as part of the merger agreement dated June 30, 2024.

Summary

• Paul E. Fulchino, a Director of Spirit AeroSystems Holdings, Inc. (SPR), reported changes in beneficial ownership.
• On December 8, 2025, 60,131 shares of Class A Common Stock were disposed of.
• Additionally, 7,009 restricted Class A Common Stock shares were disposed of on the same date.
• These transactions occurred pursuant to the Agreement and Plan of Merger among Spirit AeroSystems, The Boeing Company (Boeing), and Sphere Acquisition Corp., dated June 30, 2024.
• Each share of Spirit AeroSystems Class A Common Stock was automatically canceled and converted into the right to receive 0.1955 shares of Boeing common stock (the Exchange Ratio).
• Each outstanding restricted share held by a non-employee director was also automatically canceled and converted into Boeing common stock based on the Exchange Ratio.
• Following these transactions, Paul E. Fulchino beneficially owns 0 shares of Spirit AeroSystems Class A Common Stock.

Sentiment

Score: 5

Explanation: Neutral. This is a factual report of an insider transaction resulting from a merger, not a performance or strategic update that would typically carry a positive or negative sentiment.

Future Outlook

N/A

Industry Context

This transaction is a direct result of the merger between Spirit AeroSystems and The Boeing Company, a significant event in the aerospace manufacturing sector. It represents the finalization of a major corporate action, consolidating a key supplier with its primary customer, which is expected to impact the industry's supply chain dynamics and operational efficiencies.

Stakeholder Impact

• Shareholders of Spirit AeroSystems: Their shares were converted into Boeing common stock, impacting their ownership structure and future investment prospects in the combined entity.
• The Boeing Company: The merger integrates Spirit AeroSystems, potentially affecting Boeing's operational structure, supply chain, and financial performance.

Key Dates

Keywords

Spirit AeroSystems, Boeing, Merger, Acquisition, Form 4, Insider Transaction, Share Conversion, Paul E. Fulchino, SPR, Aerospace, Defense