Form 4: Spirit AeroSystems Director Converts Shares to Boeing Stock

Spirit AeroSystems director Jane Chappell converted her Class A Common Stock and restricted shares into Boeing common stock as part of the merger agreement.

Summary

• Director Jane Chappell reported changes in beneficial ownership of Spirit AeroSystems Holdings, Inc. (SPR) Class A Common Stock.
• The transactions occurred on December 8, 2025, 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 0.1955 shares of Boeing common stock (the Exchange Ratio).
• Outstanding restricted shares (RSAs) held by non-employee directors were also automatically canceled and converted into Boeing common stock based on the same Exchange Ratio.
• Jane Chappell disposed of 5,217 shares of Class A Common Stock, after which she beneficially owned 7,009 shares.
• Subsequently, she disposed of the remaining 7,009 shares of Class A Common Stock, resulting in 0 shares beneficially owned.

Sentiment

Score: 5

Explanation: Neutral, as this Form 4 reports a mechanical transaction (share conversion due to a merger) rather than a discretionary buy/sell or operational performance. It's an expected outcome of a corporate action.

Future Outlook

The filing indicates the completion of the merger between Spirit AeroSystems and The Boeing Company, with Spirit AeroSystems shares being converted into Boeing common stock, effectively integrating Spirit AeroSystems into Boeing.

Industry Context

This transaction reflects the finalization of a significant consolidation event in the aerospace manufacturing sector, where a major supplier, Spirit AeroSystems, is being acquired by one of its primary customers, The Boeing Company. This move aims to streamline supply chains and potentially enhance operational efficiencies for Boeing.

Stakeholder Impact

• Shareholders of Spirit AeroSystems Holdings, Inc. have had their shares converted into Boeing common stock, impacting their future investment directly in Boeing.
• Employees of Spirit AeroSystems will now be part of The Boeing Company, potentially affecting their employment terms and benefits.

Key Dates

Keywords

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