Boeing director granted 428 phantom stock units
JOHRI AKHIL reported acquisition or exercise transactions in this Form 4 filing.
Rhea-AI Filing Summary
JOHRI AKHIL reported acquisition or exercise transactions in this Form 4 filing.
Boeing director Akhil Johri received a compensation grant of 428 Phantom Stock Units, each tied 1-for-1 to Boeing common stock. These units were awarded in lieu of director cash compensation and increase his phantom stock holdings to 11,318.852 units.
Under Boeing’s Deferred Compensation Plan for Directors, the phantom stock units will be settled in shares of common stock after Johri’s service as a director ends. This is a non-cash, compensation-related award rather than an open-market stock purchase or sale.
Positive
- None.
Negative
- None.
Insider Trade Summary
| Type | Security | Shares | Price | Value |
|---|---|---|---|---|
| Grant/Award | Phantom Stock Units | 428 | $0.00 | $0.00 |
Footnotes (3)
- F1. Phantom stock units are convertible into common stock on a 1-for-1 basis.
- F2. Phantom stock units awarded or acquired in lieu of director cash compensation.
- F3. 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
Key Terms
Phantom Stock Units financial
in lieu of director cash compensation financial
Deferred Compensation Plan for Directors financial
termination of services as a director financial
FAQ
AI-generated questions and answers. How Rhea-AI works. Not financial advice.
What did Boeing (BA) director Akhil Johri report in this Form 4 filing?
Are Akhil Johri’s 428 Phantom Stock Units in Boeing an open-market stock purchase?
How are Boeing Phantom Stock Units held by Akhil Johri converted into common stock?
What is Akhil Johri’s total Phantom Stock Unit balance in Boeing after this transaction?
Why did Boeing grant Phantom Stock Units instead of cash to director Akhil Johri?
AI-generated analysis. How Rhea-AI works. Not financial advice.