Boeing director awarded 669 phantom stock units
MOLLENKOPF STEVEN M reported acquisition or exercise transactions in this Form 4 filing.
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Rhea-AI Filing Summary
MOLLENKOPF STEVEN M reported acquisition or exercise transactions in this Form 4 filing.
Boeing director Steven M. Mollenkopf received 669 Phantom Stock Units as compensation. These units were granted in lieu of director cash compensation and are convertible into an equal number of Boeing common shares on a 1-for-1 basis. Following this award, he holds a total of 14,369.374 Phantom Stock Units. Under Boeing’s Deferred Compensation Plan for Directors, these units will be distributed as shares of common stock after he terminates service as a director, making this a non-cash, deferred equity-based award rather than an open-market share purchase.
Insider Trade Summary
| Type | Security | Shares | Price | Value |
|---|---|---|---|---|
| Grant/Award | Phantom Stock Units | 669 | $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
grant/award acquisition financial
Deferred Compensation Plan for Directors financial
FAQ
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What did Boeing (BA) director Steven M. Mollenkopf report in this Form 4?
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