Boeing director awarded 404 phantom stock units
Boeing director David L. Gitlin received a grant of 404 phantom stock units on common stock.
Accepted by SEC EDGAR
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Form Type
4
Rhea-AI Filing Summary
Boeing director David L. Gitlin received a grant of 404 phantom stock units on common stock. These units were awarded in lieu of director cash compensation and increased his holdings to 7,292.802 phantom stock units following the transaction.
The phantom stock units convert into Boeing common stock on a 1-for-1 basis and are distributed as shares after his termination of service as a director under Boeing’s Deferred Compensation Plan for Directors. This is a routine, non-cash, compensation-related acquisition rather than an open-market trade.
Insider Trade Summary
Grant/Award: 404 shares
Grant/Award
1 txn
Insider
Gitlin David L.
Role
Director
| Type | Security | Shares | Price | Value |
|---|---|---|---|---|
| Grant/Award | Phantom Stock Units | 404 | $0.00 | $0.00 |
Holdings After Transaction:
Phantom Stock Units — 7,292.802 contracts (Direct)
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
Phantom units granted: 404 phantom stock units
Total phantom units after grant: 7,292.802 phantom stock units
Grant price: $0.0000 per unit
+1 more
4 metrics
Phantom units granted
404 phantom stock units
Grant on April 1, 2026
Total phantom units after grant
7,292.802 phantom stock units
Holdings following transaction
Grant price
$0.0000 per unit
Non-cash compensation award
Conversion ratio
1-for-1 into common stock
Phantom stock unit terms
Key Terms
Phantom Stock Units, Deferred Compensation Plan for Directors, termination of services as a director
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..."
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.
termination of services as a director financial
"units are distributed as shares of common stock after the reporting person's termination of services as a director."
FAQ
AI-generated questions and answers. How Rhea-AI works. Not financial advice.
What did Boeing (BA) director David L. Gitlin report in this Form 4?
David L. Gitlin reported receiving 404 phantom stock units tied to Boeing common stock. These units were granted as director compensation, not bought in the market, and increase his phantom stock holdings to 7,292.802 units following the transaction on April 1, 2026.
Are the Boeing (BA) phantom stock units a market purchase or sale?
The phantom stock units are a grant of compensation, not a market purchase or sale. The Form 4 uses transaction code A for grant or award, and footnotes state they were awarded or acquired in lieu of director cash compensation, indicating routine non-cash pay.
How do Boeing (BA) phantom stock units held by David Gitlin convert to common stock?
Gitlin’s phantom stock units are convertible into Boeing common stock on a 1-for-1 basis. According to the disclosure, they are distributed as actual shares of common stock after his termination of services as a director under Boeing’s Deferred Compensation Plan for Directors.
What is David Gitlin’s total Boeing (BA) phantom stock unit position after this grant?
After receiving the new award, David Gitlin holds 7,292.802 phantom stock units. Each unit represents a right linked to one share of Boeing common stock, with distribution of actual shares deferred until after he ceases serving as a director, under the plan’s terms.
Why did Boeing (BA) grant phantom stock units instead of cash to David Gitlin?
The filing states the phantom stock units were awarded or acquired in lieu of director cash compensation. This means part of Gitlin’s director pay is delivered as equity-linked units, aligning compensation with Boeing’s share performance while deferring actual share delivery until after board service ends.
AI-generated analysis. How Rhea-AI works. Not financial advice.
