Spirit AeroSystems (NYSE: SPR) director logs Boeing merger share swap
Rhea-AI Filing Summary
Spirit AeroSystems Holdings, Inc. director Robert D. Johnson reported the automatic conversion of his Class A common stock following the company’s merger with The Boeing Company. On December 8, 2025, each Spirit AeroSystems share was canceled and converted into the right to receive Boeing common stock at an exchange ratio of 0.1955 Boeing shares for each Spirit share.
The filing shows dispositions of Class A shares held directly and through The RDJ Trust, with post-transaction direct holdings reported as zero and 10,379 shares remaining in one line item. Restricted stock awards held by non-employee directors were also canceled and replaced with the right to receive Boeing shares based on the same exchange ratio.
Positive
- None.
Negative
- None.
Insider Trade Summary
| Type | Security | Shares | Price | Value |
|---|---|---|---|---|
| Disposition | Class A Common Stock | 17,641 | $0.00 | -- |
| Disposition | Class A Common Stock | 15,438 | $0.00 | -- |
| Disposition | Class A Common Stock | 10,379 | $0.00 | -- |
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). On December 8, 2025, pursuant to the Merger Agreement, each outstanding restricted Share (RSA) 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 Exchange Ratio multiplied by the number of Shares subject to such RSA immediately prior to the Effective Time (as defined in the Merger Agreement).
FAQ
What did Spirit AeroSystems (SPR) disclose in this Form 4 filing?
The filing reports that a director’s Class A common stock in Spirit AeroSystems Holdings, Inc. was automatically canceled and converted into the right to receive The Boeing Company common stock in connection with a completed merger.
Whose transactions are reported in this Spirit AeroSystems (SPR) Form 4?
The Form 4 reports transactions for Robert D. Johnson, a director of Spirit AeroSystems, including shares held directly and indirectly through The RDJ Trust DTD 11/20/2007.
What happened to restricted stock awards held by Spirit AeroSystems (SPR) non-employee directors?
Each outstanding restricted share award (RSA) held by a non-employee director was automatically canceled, and the holder became entitled to receive Boeing common stock equal to the 0.1955 exchange ratio multiplied by the number of Spirit shares in the RSA, subject to applicable tax withholding.
Did this Spirit AeroSystems (SPR) Form 4 involve derivative securities?
The derivative securities table is included but shows no specific derivative transactions reported, with no options, warrants, or other derivative instruments listed with amounts.