Boeing (NYSE: BA) director awarded 440 phantom stock units as fees
Filing Impact
Filing Sentiment
Form Type
4
Rhea-AI Filing Summary
Boeing director David Leon Joyce received a grant of 440 phantom stock units as part of his board compensation. These units were awarded in lieu of cash fees and increase his phantom stock balance to 10,044.493 units. Each phantom stock unit is convertible into one share of Boeing common stock, with distribution to occur after he terminates service as a director under The Deferred Compensation Plan for Directors of The Boeing Company. This is a compensation-related, non-cash acquisition rather than an open-market stock purchase.
Positive
- None.
Negative
- None.
Insider Trade Summary
1 transaction reported
Mixed
1 txn
Insider
Joyce David Leon
Role
null
| Type | Security | Shares | Price | Value |
|---|---|---|---|---|
| Grant/Award | Phantom Stock Units | 440 | $0.00 | -- |
Holdings After Transaction:
Phantom Stock Units — 10,044.493 shares (Direct, null)
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: 440 units
Total phantom units after grant: 10,044.493 units
Conversion ratio: 1-for-1
+2 more
5 metrics
Phantom stock units granted
440 units
Grant to director David Leon Joyce on July 1, 2026
Total phantom units after grant
10,044.493 units
Director David Leon Joyce holdings following transaction
Conversion ratio
1-for-1
Each phantom stock unit convertible into one Boeing common share
Transaction price per unit
$0.0000
Compensation grant, not an open-market purchase
Transaction code
A
Grant, award, or other acquisition of derivative security
Key Terms
Phantom stock units, Deferred Compensation Plan for Directors, Grant, award, or other acquisition
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 financial
"Pursuant to The Deferred Compensation Plan for Directors of The Boeing Company, phantom stock units are distributed as shares of common stock..."
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.
Grant, award, or other acquisition regulatory
"transaction_code_description: Grant, award, or other acquisition"
FAQ
What did Boeing (BA) director David Leon Joyce report in this Form 4?
David Leon Joyce reported receiving 440 Boeing phantom stock units as a compensation grant. The award was made in lieu of cash director fees and increased his total phantom stock holdings to 10,044.493 units, all tied to Boeing common stock value.
How many Boeing phantom stock units does David Leon Joyce hold after this grant?
After receiving the 440-unit grant, David Leon Joyce holds a total of 10,044.493 phantom stock units. Each unit is tied to one share of Boeing common stock and will be delivered as stock after his service as a director ends.
Was this Boeing (BA) Form 4 transaction an open-market stock purchase?
No, this was not an open-market stock purchase. The filing shows a code “A” transaction, meaning a grant or award. The 440 phantom stock units were awarded as director compensation in lieu of cash, with no price paid per unit.
When will David Leon Joyce receive Boeing common stock for these phantom units?
According to the filing footnotes, phantom stock units are distributed as Boeing common shares after the director’s termination of service. This means David Leon Joyce will receive the underlying common stock only when he leaves the Boeing board, not immediately.