Boeing (BA) officer Cleary reports tax-withholding share disposition
Filing Impact
Filing Sentiment
Form Type
4
Rhea-AI Filing Summary
Boeing Company officer Michael J. Cleary reported a tax-related share disposition and updated his plan holdings. On February 19, he disposed of 557.284 shares of common stock to cover taxes on vesting restricted stock units, leaving 23,505.077 shares held directly. He also reported indirect interests equivalent to 519.740 units in Boeing’s 401(k) common stock fund and 3,474.216 units in the Executive Supplemental Savings Plan.
Positive
- None.
Negative
- None.
Insider Trade Summary
3 transactions reported
Mixed
3 txns
Insider
Cleary Michael J
Role
Controller
| Type | Security | Shares | Price | Value |
|---|---|---|---|---|
| Tax Withholding | Common Stock | 557.284 | $236.71 | $132K |
| holding | Common Stock | -- | -- | -- |
| holding | Common Stock | -- | -- | -- |
Holdings After Transaction:
Common Stock — 23,505.077 shares (Direct);
Common Stock — 519.74 shares (Indirect, 401(k) plan)
Footnotes (1)
- Shares withheld for payment of taxes on vesting of restricted stock units; not an open market transaction. Ownership in the issuer's 401(k) plan is represented by units in the issuer's common stock fund in the plan rather than shares of common stock. Ownership in the issuer's Executive Supplemental Savings Plan ("ESSP") is represented by units in the issuer's common stock fund in the ESSP rather than shares of common stock.
FAQ
What insider transaction did Boeing (BA) officer Michael J. Cleary report?
Michael J. Cleary reported a tax-related disposition of Boeing shares. On February 19, he used 557.284 common shares to cover taxes on vesting restricted stock units, which the filing notes was not an open market transaction.
Was Michael J. Cleary’s Boeing (BA) Form 4 transaction an open market sale?
The filing states the transaction was not an open market sale. The 557.284 Boeing shares were withheld to pay taxes on vesting restricted stock units, meaning no shares were sold into the open market as part of this reported disposition.
What Boeing (BA) holdings does Michael J. Cleary report in the 401(k) plan?
Michael J. Cleary reports an indirect interest of 519.740 units in Boeing’s 401(k) common stock fund. The filing explains these are units in a stock fund, not direct common shares, representing his retirement plan exposure to Boeing stock.
What is Michael J. Cleary’s Boeing (BA) position in the Executive Supplemental Savings Plan?
He reports 3,474.216 units tied to Boeing’s common stock fund in the Executive Supplemental Savings Plan. The filing clarifies these are plan units rather than individual common shares, reflecting deferred compensation linked to Boeing’s stock performance.
What does transaction code F mean in this Boeing (BA) Form 4?
Transaction code F denotes a tax-withholding disposition using company stock. In this case, 557.284 Boeing shares were withheld to pay tax on restricted stock unit vesting, rather than being sold through an open market transaction or discretionary share sale.