Boeing director awarded 241 phantom stock units
Richardson John M reported acquisition or exercise transactions in this Form 4 filing.
Rhea-AI Filing Summary
Richardson John M reported acquisition or exercise transactions in this Form 4 filing.
BOEING CO director John M. Richardson received a grant of 241 Phantom Stock Units as compensation. These units were awarded in lieu of director cash compensation at a price of $0.00 per unit and are convertible into Boeing common stock on a 1-for-1 basis.
After this grant, Richardson holds a total of 6,898.699 Phantom Stock Units. Under The Deferred Compensation Plan for Directors of The Boeing Company, these phantom units are settled in shares of common stock after he terminates his service as a director, making this a routine, deferred equity-based compensation award rather than an open-market transaction.
Positive
- None.
Negative
- None.
Insider Trade Summary
| Type | Security | Shares | Price | Value |
|---|---|---|---|---|
| Grant/Award | Phantom Stock Units | 241 | $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
Deferred Compensation Plan for Directors financial
termination of services as a director financial
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