STOCK TITAN

Boeing (NYSE: BA) director takes 404 phantom stock units in lieu of cash

Filing Impact
(Neutral)
Filing Sentiment
(Neutral)
Form Type
4

Rhea-AI Filing Summary

TILDEN BRADLEY D reported acquisition or exercise transactions in this Form 4 filing.

Boeing director Bradley D. Tilden received a grant of 404 Phantom Stock Units on April 1, 2026. These units were awarded in lieu of director cash compensation and are convertible into Boeing common stock on a 1-for-1 basis.

Under The Deferred Compensation Plan for Directors of The Boeing Company, the phantom stock units will be distributed as shares of common stock after Tilden’s termination of service as a director. Following this award, he holds a total of 853 Phantom Stock Units.

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Insider TILDEN BRADLEY D
Role Director
Type Security Shares Price Value
Grant/Award Phantom Stock Units 404 $0.00 --
Holdings After Transaction: Phantom Stock Units — 853 shares (Direct)
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 404 units Grant on April 1, 2026 to director Bradley D. Tilden
Total Phantom Stock Units after grant 853 units Holdings following reported Form 4 transaction
Conversion ratio 1-for-1 into common stock Each phantom unit equals one Boeing common share at distribution
Transaction price $0.00 per unit Awarded as compensation, not purchased in open market
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.
in lieu of director cash compensation financial
"Phantom stock units awarded or acquired in lieu of director cash compensation."
The Deferred Compensation Plan for Directors of The Boeing Company financial
"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."
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*
TILDEN BRADLEY D

(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)
04/01/2026
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)04/01/2026A404(2) (3) (3)Common Stock404$0.0000853D
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-Fact04/03/2026
** 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)

FAQ

What did Boeing (BA) director Bradley D. Tilden receive in this Form 4?

Bradley D. Tilden received 404 Phantom Stock Units as a grant under Boeing’s director compensation arrangements. These units are a form of deferred equity awarded instead of cash fees, and increase his total phantom unit holdings to 853 after the transaction.

How are Boeing (BA) Phantom Stock Units from this filing converted into shares?

The Phantom Stock Units are convertible into Boeing common stock on a 1-for-1 basis. Each unit represents the right to receive one share of common stock, providing equity-linked value without immediate issuance of shares until distribution conditions are met.

When will Bradley D. Tilden receive Boeing (BA) shares from these Phantom Stock Units?

Under The Deferred Compensation Plan for Directors of The Boeing Company, the Phantom Stock Units are distributed as shares of common stock after Tilden’s termination of services as a director. This links payout timing to the end of his board service.

Why were Phantom Stock Units granted instead of cash to the Boeing (BA) director?

The filing states that the Phantom Stock Units were awarded or acquired in lieu of director cash compensation. This means a portion of Tilden’s normal board fees was taken in equity-linked units rather than immediate cash, aligning compensation with share performance.

How many Boeing (BA) Phantom Stock Units does Bradley D. Tilden hold after this grant?

After the April 1, 2026 grant of 404 Phantom Stock Units, Tilden’s total Phantom Stock Unit holdings reported in the filing are 853. All of these units are linked 1-for-1 to Boeing common stock under the director deferred compensation plan terms.