BA Form 4: 681 phantom stock units awarded to a Boeing director

Rhea-AI Filing Summary

Boeing (BA) director filed a Form 4 reporting an award of 681 phantom stock units on 10/01/2025 at $0.0000 under the company’s director deferred compensation plan.

Each unit converts 1-for-1 into common stock and is distributed as shares after the director’s service ends. Following this transaction, derivative securities beneficially owned were 12,334.374.

Insights

Equity compensation analyst

Routine Form 4 showing director phantom units in lieu of cash.

The filing records an award of 681 phantom stock units on 10/01/2025 at $0.0000, convertible 1‑for‑1 into Boeing common stock. This is a standard director compensation mechanism rather than an open‑market trade.

The units are part of a deferred plan with distributions as common shares after board service ends. The total derivative securities beneficially owned became 12,334.374, held directly. This is administrative and typically neutral for the investment thesis.

SEC Form 4

FORM 4

UNITED STATES SECURITIES AND EXCHANGE COMMISSION
Washington, D.C. 20549

STATEMENT OF CHANGES IN BENEFICIAL OWNERSHIP

Filed pursuant to Section 16(a) of the Securities Exchange Act of 1934
or Section 30(h) of the Investment Company Act of 1940

OMB APPROVAL

OMB Number:			3235-0287
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Check this box if no longer subject to Section 16. Form 4 or Form 5 obligations may continue. See Instruction 1(b).

Check this box to indicate that a transaction was made pursuant to a contract, instruction or written plan for the purchase or sale of equity securities of the issuer that is intended to satisfy the affirmative defense conditions of Rule 10b5-1(c). See Instruction 10.

1. Name and Address of Reporting Person^*

MOLLENKOPF STEVEN M

(Last) (First) (Middle)

929 LONG BRIDGE DRIVE

(Street)

ARLINGTON VA 22202

(City) (State) (Zip)

2. Issuer Name and Ticker or Trading Symbol
BOEING CO [ BA ]

5. Relationship of Reporting Person(s) to Issuer
(Check all applicable)

X	Director		10% Owner
	Officer (give title below)		Other (specify below)

3. Date of Earliest Transaction (Month/Day/Year)
10/01/2025

4. If Amendment, Date of Original Filed (Month/Day/Year)

6. Individual or Joint/Group Filing (Check Applicable Line)

X	Form filed by One Reporting Person
	Form filed by More than One Reporting Person

Table I - Non-Derivative Securities Acquired, Disposed of, or Beneficially Owned
1. Title of Security (Instr. 3)	2. Transaction Date (Month/Day/Year)	2A. Deemed Execution Date, if any (Month/Day/Year)	3. Transaction Code (Instr. 8)		4. Securities Acquired (A) or Disposed Of (D) (Instr. 3, 4 and 5)			5. Amount of Securities Beneficially Owned Following Reported Transaction(s) (Instr. 3 and 4)	6. Ownership Form: Direct (D) or Indirect (I) (Instr. 4)	7. Nature of Indirect Beneficial Ownership (Instr. 4)
			Code	V	Amount	(A) or (D)	Price

Table II - Derivative Securities Acquired, Disposed of, or Beneficially Owned (e.g., puts, calls, warrants, options, convertible securities)
1. Title of Derivative Security (Instr. 3)	2. Conversion or Exercise Price of Derivative Security	3. Transaction Date (Month/Day/Year)	3A. Deemed Execution Date, if any (Month/Day/Year)	4. Transaction Code (Instr. 8)		5. Number of Derivative Securities Acquired (A) or Disposed of (D) (Instr. 3, 4 and 5)		6. Date Exercisable and Expiration Date (Month/Day/Year)		7. Title and Amount of Securities Underlying Derivative Security (Instr. 3 and 4)		8. Price of Derivative Security (Instr. 5)	9. Number of derivative Securities Beneficially Owned Following Reported Transaction(s) (Instr. 4)	10. Ownership Form: Direct (D) or Indirect (I) (Instr. 4)	11. Nature of Indirect Beneficial Ownership (Instr. 4)
				Code	V	(A)	(D)	Date Exercisable	Expiration Date	Title	Amount or Number of Shares
Phantom Stock Units	$0.0000(1)	10/01/2025		A		681(2)		(3)	(3)	Common Stock	681	$0.0000	12,334.374	D

Explanation of Responses:

1. Phantom stock units are convertible into common stock on a 1-for-1 basis.

2. Phantom stock units awarded or acquired in lieu of director cash compensation.

3. Pursuant to The Deferred Compensation Plan for Directors of The Boeing Company, phantom stock units are distributed as shares of common stock after the reporting person's termination of services as a director.

Remarks:

Exhibit 24: Power of Attorney attached herewith.

	/s/ Dana Kumar, Attorney-in-Fact	10/03/2025
	** Signature of Reporting Person	Date
Reminder: Report on a separate line for each class of securities beneficially owned directly or indirectly.
* If the form is filed by more than one reporting person, see Instruction 4 (b)(v).
** Intentional misstatements or omissions of facts constitute Federal Criminal Violations See 18 U.S.C. 1001 and 15 U.S.C. 78ff(a).
Note: File three copies of this Form, one of which must be manually signed. If space is insufficient, see Instruction 6 for procedure.
Persons who respond to the collection of information contained in this form are not required to respond unless the form displays a currently valid OMB Number.

FAQ

What did Boeing (BA) disclose in this Form 4?

A director reported receiving 681 phantom stock units on 10/01/2025 at $0.0000.

How do Boeing (BA) phantom stock units convert?

They convert into common stock on a 1-for-1 basis.

When are the phantom stock units delivered to the director?

Under the Deferred Compensation Plan for Directors, units are distributed as shares of common stock after the director’s service ends.

How many derivative securities does the director beneficially own after this transaction?

The reported balance of derivative securities beneficially owned is 12,334.374.

What was the price for the phantom stock units reported?

The filing shows a price of $0.0000 for the phantom stock units.

Was this grant related to director compensation?

Yes. The filing states the phantom stock units were awarded or acquired in lieu of director cash compensation.