Spirit AeroSystems (SPR) SVP reports Spirit shares and RSUs converted to Boeing equity
Rhea-AI Filing Summary
Spirit AeroSystems Holdings, Inc. executive equity holdings were converted into Boeing equity in connection with the closing of the previously announced merger with The Boeing Company. On December 8, 2025, the reporting person disposed of 30,580 shares of Spirit Class A common stock, leaving 0 shares beneficially owned. Each Spirit share was canceled and converted into the right to receive Boeing common stock based on an exchange ratio of 0.1955 Boeing shares for each Spirit share.
The filing also shows that 26,453 restricted stock units (RSUs) tied to Spirit common stock were disposed of and automatically converted into Boeing RSUs. Each new Boeing RSU represents Boeing common stock determined by multiplying the number of Spirit shares previously subject to the RSU by the same 0.1955 exchange ratio, rounded to the nearest whole share. The Boeing RSUs keep the same vesting and other terms that applied to the original Spirit awards.
Positive
- None.
Negative
- None.
Insider Trade Summary
| Type | Security | Shares | Price | Value |
|---|---|---|---|---|
| Disposition | Restricted Stock Units | 26,453 | $0.00 | -- |
| Disposition | Class A Common Stock | 30,580 | $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). 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 Merger Agreement, each outstanding RSU of the issuer held by the reporting person was automatically converted into an RSU of Boeing denominated in shares of Boeing common stock (a Boeing RSU). The number of shares of Boeing common stock subject to each such Boeing RSU is equal to the product (rounded to the nearest whole number) of (i) the total number of Shares subject to such issuer RSU immediately prior to the Effective Time (as defined in the Merger Agreement) multiplied by (ii) the Exchange Ratio. Any accrued but unpaid dividend equivalents with respect to any such issuer RSU was assumed and became an obligation with respect to the applicable Boeing RSU. Each such Boeing RSU continues to be governed by the same terms and conditions (including vesting terms) as were applicable to such issuer RSU immediately prior to the Effective Time.