Spirit AeroSystems (NYSE: SPR) insider details stock and RSU conversion to Boeing
Filing Impact
Filing Sentiment
Form Type
4
Rhea-AI Filing Summary
Spirit AeroSystems EVP & CFO filed a Form 4 reporting automatic changes in his holdings after the company’s merger with The Boeing Company. On December 8, 2025, his 41,849 shares of Class A common stock were canceled and converted into the right to receive Boeing common stock based on a fixed 0.1955 exchange ratio per Spirit share under the merger agreement.
The filing also notes that 65,010 restricted stock units (RSUs), which would normally settle one-for-one in Spirit shares when vested, were canceled in connection with the merger. For applicable RSUs, the holder instead became entitled to receive Boeing shares determined by multiplying the number of underlying Spirit shares by the same exchange ratio, subject to tax withholding.
Positive
- None.
Negative
- None.
Insider Trade Summary
2 transactions reported
Mixed
2 txns
Insider
ESTEVES IRENE M
Role
EVP & CFO
| Type | Security | Shares | Price | Value |
|---|---|---|---|---|
| Disposition | Restricted Stock Units | 65,010 | $0.00 | -- |
| Disposition | Class A Common Stock | 41,849 | $0.00 | -- |
Holdings After Transaction:
Restricted Stock Units — 0 shares (Direct);
Class A Common Stock — 0 shares (Direct)
Footnotes (1)
- On December 8, 2025, pursuant to the Agreement and Plan of Merger among the issuer, The Boeing Company (Boeing) and Sphere Acquisition Corp., dated June 30, 2024 (the Merger Agreement), each share of the Class A Common Stock (Share) of the issuer was automatically canceled and converted into the right to receive a number of shares of Boeing common stock equal to 0.1955 (the Exchange Ratio). Restricted stock units (RSUs), once vested and payable, would be settled in Shares on a one-for-one basis. On December 8, 2025], pursuant to the Agreement and Plan of Merger among the issuer, The Boeing Company (Boeing) and Sphere Acquisition Corp., dated June 30, 2024 (the Merger Agreement), each outstanding RSU held by a non-employee director of the issuer was automatically canceled, and the holder thereof became entitled to receive (subject to any applicable withholding or other taxes or other amounts required to be withheld by applicable law) a number of shares of Boeing common stock equal to the Exchage Ratio multiplied by the number of Shares subject to such RSU immediately prior to the Effective Time (as defined in the Merger Agreement).
FAQ
What insider transaction did Spirit AeroSystems (SPR) report in this Form 4?
The EVP & CFO of Spirit AeroSystems reported that 41,849 shares of Class A common stock were automatically canceled on December 8, 2025 and converted into the right to receive Boeing common stock under the merger agreement.
What happened to the restricted stock units (RSUs) reported in the Spirit AeroSystems (SPR) Form 4?
The Form 4 shows 65,010 RSUs that normally settled in Spirit shares on a one-for-one basis. In connection with the merger, each affected RSU was canceled and the holder became entitled to Boeing shares based on the 0.1955 exchange ratio times the number of underlying Spirit shares, subject to applicable tax withholding.
Who is the reporting person in this Spirit AeroSystems (SPR) Form 4?
The reporting person is a director and officer of Spirit AeroSystems, serving as EVP & CFO, and filed the Form 4 as a single reporting person.
What is the significance of the December 8, 2025 date for Spirit AeroSystems (SPR)?
On December 8, 2025, the merger between Spirit AeroSystems, The Boeing Company, and Sphere Acquisition Corp. became effective under the merger agreement, triggering the automatic cancellation and conversion of Spirit shares and certain RSUs into rights to receive Boeing common stock.
Does the Spirit AeroSystems (SPR) Form 4 mention tax treatment on the RSU conversion?
Yes. It states that holders of affected RSUs became entitled to Boeing shares subject to any applicable withholding or other taxes or other amounts required to be withheld by applicable law.