Boeing (NYSE: BA) director Mollenkopf granted 706 phantom stock units as pay
Filing Impact
Filing Sentiment
Form Type
4
Rhea-AI Filing Summary
MOLLENKOPF STEVEN M reported acquisition or exercise transactions in this Form 4 filing.
Boeing director Steven M. Mollenkopf received 706 Phantom Stock Units as compensation, not through an open-market purchase. These units were granted in lieu of director cash compensation and are tied to Boeing common stock on a 1-for-1 basis.
After this award, Mollenkopf holds a total of 13,700.374 Phantom Stock Units. Under Boeing’s Deferred Compensation Plan for Directors, these units are settled in shares of common stock only after he terminates his service as a director, making this a routine, long-term, compensation-related equity grant.
Positive
- None.
Negative
- None.
Insider Trade Summary
1 transaction reported
Mixed
1 txn
Insider
MOLLENKOPF STEVEN M
Role
Director
| Type | Security | Shares | Price | Value |
|---|---|---|---|---|
| Grant/Award | Phantom Stock Units | 706 | $0.00 | -- |
Holdings After Transaction:
Phantom Stock Units — 13,700.374 shares (Direct)
Footnotes (1)
- Phantom stock units are convertible into common stock on a 1-for-1 basis. Phantom stock units awarded or acquired in lieu of director cash compensation. 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.
Key Figures
Phantom Stock Units granted: 706 units
Total Phantom Stock Units after grant: 13,700.374 units
Conversion ratio: 1 unit : 1 share
+1 more
4 metrics
Phantom Stock Units granted
706 units
Director compensation award on 2026-04-01
Total Phantom Stock Units after grant
13,700.374 units
Holdings following reported transaction
Conversion ratio
1 unit : 1 share
Phantom Stock Units to Boeing common stock
Transaction price per unit
$0.0000
Compensation grant, not market purchase
Key Terms
Phantom Stock Units, Grant, award, or other acquisition, Deferred Compensation Plan for Directors, termination of services as a director
4 terms
Phantom Stock Units financial
"Phantom stock units are convertible into common stock on a 1-for-1 basis."
Phantom stock units are company promises that pay a cash or stock-equivalent award tied to the firm’s share price or value growth, but they do not issue actual shares. Think of them as a bonus check that moves with the stock like a mirror rather than handing over an ownership slice. Investors care because these awards can affect a company’s future cash obligations, executive incentives and reported expenses without causing share dilution.
Grant, award, or other acquisition financial
"transaction_code_description: Grant, award, or other acquisition"
Deferred Compensation Plan for Directors financial
"Pursuant to The Deferred Compensation Plan for Directors of The Boeing Company"
A deferred compensation plan for directors is an arrangement that lets board members postpone receiving part of their pay until a later date—often retirement or a set future time—so the money can grow or be paid under specified conditions. Think of it like directing a portion of your paycheck into a locked savings account that pays out later; investors care because it creates future cash or stock obligations, signals how the company motivates and retains leadership, and can affect shareholder value through timing of payouts or potential dilution.
termination of services as a director financial
"distributed as shares of common stock after the reporting person's termination of services as a director"
FAQ
What did Boeing (BA) director Steven Mollenkopf report in this Form 4?
Steven Mollenkopf reported receiving 706 Phantom Stock Units as director compensation. These units are not open-market purchases but equity-based awards that track Boeing common stock and are granted instead of cash fees for board service.
How many Phantom Stock Units does Steven Mollenkopf hold after this Boeing grant?
After this award, Steven Mollenkopf holds 13,700.374 Phantom Stock Units. These units are linked 1-for-1 to Boeing common shares and represent deferred director compensation accumulated over time under Boeing’s director compensation plan.
When will Steven Mollenkopf receive Boeing common stock for these Phantom Stock Units?
Under Boeing’s Deferred Compensation Plan for Directors, Mollenkopf’s Phantom Stock Units are distributed as Boeing common shares only after he terminates his service as a director, turning the accumulated units into actual stock at that time.
What is the conversion ratio for Boeing Phantom Stock Units held by Steven Mollenkopf?
Each Phantom Stock Unit held by Steven Mollenkopf converts into one share of Boeing common stock. This 1-for-1 conversion applies when the units are ultimately distributed after his board service ends under the company’s director compensation plan.
Why did Steven Mollenkopf receive Phantom Stock Units instead of cash from Boeing?
The filing states that the Phantom Stock Units were awarded or acquired in lieu of director cash compensation. This structure allows his Boeing board fees to be deferred into stock-linked units, aligning compensation with the company’s share performance.