Form 4: Spirit AeroSystems Director Converts Shares to Boeing Stock

Spirit AeroSystems director Robert D. Johnson converted his Class A Common Stock and restricted shares into Boeing common stock following the merger agreement.

Summary

• Robert D. Johnson, a director of Spirit AeroSystems Holdings, Inc. (SPR), reported the disposition of his beneficial ownership in Spirit AeroSystems Class A Common Stock.
• The transactions occurred on December 8, 2025, pursuant to the Agreement and Plan of Merger dated June 30, 2024, between Spirit AeroSystems, The Boeing Company (Boeing), and Sphere Acquisition Corp.
• 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).
• Mr. Johnson disposed of a total of 43,458 shares of Class A Common Stock.
• This total includes 17,641 shares held indirectly through The RDJ Trust, 15,438 shares held directly, and 10,379 restricted shares (RSAs) held directly, which were also converted at the same Exchange Ratio.

Sentiment

Score: 7

Explanation: The filing reports an expected transaction resulting from a merger, indicating the successful completion of a strategic corporate action rather than an unexpected event or operational performance.

Positives

• The filing indicates the successful completion of the merger between Spirit AeroSystems and Boeing, a significant strategic corporate action.
• The director's holdings were converted into shares of Boeing, a larger and potentially more stable entity in the aerospace industry.

Future Outlook

NA

Industry Context

This transaction reflects the finalization of a major consolidation event in the aerospace manufacturing sector, where Spirit AeroSystems, a key supplier, has been acquired by its primary customer, Boeing. This merger is expected to streamline supply chains and potentially enhance Boeing's control over critical component manufacturing.

Stakeholder Impact

• Shareholders of Spirit AeroSystems, including director Robert D. Johnson, have had their shares converted into Boeing common stock, altering their investment holdings and future exposure.
• The merger itself has broader implications for employees, customers, and suppliers of both companies, though this specific filing focuses on the director's share conversion.

Key Dates

Keywords

Spirit AeroSystems, SPR, Boeing, BA, Merger, Form 4, Insider Transaction, Director, Stock Conversion, Equity