Boeing (NYSE: BA) director receives 404 phantom stock units as pay
Filing Impact
Filing Sentiment
Form Type
4
Rhea-AI Filing Summary
Buckley Mortimer J reported acquisition or exercise transactions in this Form 4 filing.
Boeing director Mortimer J. Buckley received a grant of 404 phantom stock units, awarded in lieu of director cash compensation. These phantom stock units are convertible into Boeing common stock on a 1-for-1 basis.
Following this award, Buckley holds a total of 2,551.751 phantom stock units. Under The Deferred Compensation Plan for Directors of The Boeing Company, these units are distributed as shares of common stock after his termination of service as a director, making this a non-cash, deferred equity-based compensation award rather than an open-market purchase.
Positive
- None.
Negative
- None.
Insider Trade Summary
1 transaction reported
Mixed
1 txn
Insider
Buckley Mortimer J
Role
Director
| Type | Security | Shares | Price | Value |
|---|---|---|---|---|
| Grant/Award | Phantom Stock Units | 404 | $0.00 | -- |
Holdings After Transaction:
Phantom Stock Units — 2,551.751 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: 404 units
Total phantom units after grant: 2,551.751 units
Conversion ratio: 1-for-1
+1 more
4 metrics
Phantom stock units granted
404 units
Grant/award acquisition on April 1, 2026
Total phantom units after grant
2,551.751 units
Holdings following reported transaction
Conversion ratio
1-for-1
Each phantom stock unit convertible into one common share
Grant price per unit
$0.00 per unit
Non-cash director compensation under deferred plan
Key Terms
Phantom stock units, Deferred Compensation Plan for Directors of The Boeing Company, director cash compensation
3 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.
Deferred Compensation Plan for Directors of The Boeing Company financial
"Pursuant to The Deferred Compensation Plan for Directors of The Boeing Company, phantom stock units are distributed..."
director cash compensation financial
"Phantom stock units awarded or acquired in lieu of director cash compensation."
FAQ
What did Boeing (BA) director Mortimer Buckley report in this Form 4?
Mortimer J. Buckley reported receiving 404 phantom stock units as director compensation. These units are a non-cash equity-based award that increases his deferred interest in Boeing, rather than an open-market stock purchase, and bring his total phantom stock holdings to 2,551.751 units.
Are the Boeing (BA) phantom stock units in this filing an open-market purchase?
No, the 404 phantom stock units are a grant awarded in lieu of director cash compensation. They are issued at a price of $0.00 per unit under Boeing’s director deferred compensation plan, not bought on the open market like ordinary share purchases.
How many Boeing phantom stock units does Mortimer Buckley now hold?
After this grant, Mortimer J. Buckley holds 2,551.751 phantom stock units. These units track Boeing’s common stock value and are scheduled to be distributed as actual shares of common stock after his service as a director ends, under the company’s deferred compensation plan.
What are Boeing (BA) phantom stock units and how are they settled?
Boeing phantom stock units are bookkeeping entries that mirror the value of Boeing common shares. According to the filing, they are convertible into common stock on a 1-for-1 basis and are distributed as actual shares after the director’s termination of service under the deferred compensation plan.
Why did Mortimer Buckley 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 means Boeing is delivering part of his board compensation as deferred equity-based units, aligning director pay with shareholder interests while postponing share delivery until after board service ends.