Spirit AeroSystems (NYSE: SPR) insider details stock and RSU conversion to Boeing
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.
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Insider Trade Summary
| Type | Security | Shares | Price | Value |
|---|---|---|---|---|
| Disposition | Restricted Stock Units | 65,010 | $0.00 | $0.00 |
| Disposition | Class A Common Stock | 41,849 | $0.00 | $0.00 |
Footnotes (3)
- F1. 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).
- F2. Restricted stock units (RSUs), once vested and payable, would be settled in Shares on a one-for-one basis.
- F3. 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).
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