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Boeing (NYSE: BA) director awarded 440 phantom stock units as fees

Filing Impact
(Neutral)
Filing Sentiment
(Neutral)
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.

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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)
  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.
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
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"
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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.

Are David Leon Joyce’s Boeing phantom stock units the same as BA common shares?

The phantom stock units track the value of Boeing common stock on a 1-for-1 basis but are not actual shares until distributed. Under Boeing’s director deferred compensation plan, the units are settled in common stock after the director leaves the board.

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.
SEC Form 4
FORM 4UNITED 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
Estimated average burden
hours per response:0.5
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*
Joyce David Leon

(Last)(First)(Middle)
929 LONG BRIDGE DRIVE

(Street)
ARLINGTON VIRGINIA 22202

(City)(State)(Zip)

UNITED STATES

(Country)
2. Issuer Name and Ticker or Trading Symbol
BOEING CO [ BA ]
5. Relationship of Reporting Person(s) to Issuer
(Check all applicable)
XDirector10% Owner
Officer (give title below)Other (specify below)
2a. Foreign Trading Symbol
3. Date of Earliest Transaction (Month/Day/Year)
07/01/2026
6. Individual or Joint/Group Filing (Check Applicable Line)
XForm filed by One Reporting Person
Form filed by More than One Reporting Person
4. If Amendment, Date of Original Filed (Month/Day/Year)

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)
CodeVAmount(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)
CodeV(A)(D)Date ExercisableExpiration DateTitleAmount or Number of Shares
Phantom Stock Units$0.0000(1)07/01/2026A440(2) (3) (3)Common Stock440$0.000010,044.493D
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.
/s/ Jenn X. Hu, Attorney-in-Fact07/06/2026
** Signature of Reporting PersonDate
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.
* Form 4: SEC 1474 (03-26)