Spirit AeroSystems (SPR) director RSUs canceled and converted in Boeing deal
Filing Impact
Filing Sentiment
Form Type
4
Rhea-AI Filing Summary
Spirit AeroSystems Holdings, Inc. reported a Form 4 transaction for a director related to its merger with The Boeing Company. On December 8, 2025, the director held 37,234 restricted stock units (RSUs) tied to Spirit’s Class A common stock.
Under the merger agreement among Spirit, Boeing and Sphere Acquisition Corp., each outstanding RSU held by a non-employee director was automatically canceled at the merger’s effective time. In place of each RSU, the holder became entitled to receive Boeing common stock. The number of Boeing shares is calculated as 0.1955 multiplied by the number of Spirit shares subject to the RSU immediately before the effective time, subject to applicable tax withholding.
Positive
- None.
Negative
- None.
Insider Trade Summary
1 transaction reported
Mixed
1 txn
Insider
Fitzgerald William Augustus III
Role
Director
| Type | Security | Shares | Price | Value |
|---|---|---|---|---|
| Disposition | Restricted Stock Units | 37,234 | $0.00 | -- |
Holdings After Transaction:
Restricted Stock Units — 0 shares (Direct)
Footnotes (1)
- Restricted stock units (RSUs), once vested and payable, would be settled in shares of the Class A Common Stock (Shares) of the issuer 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 0.1955 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 filing reports that a Spirit AeroSystems non-employee director’s 37,234 restricted stock units (RSUs) were affected by the closing of the merger with The Boeing Company on December 8, 2025.
What happened to the Spirit AeroSystems director’s RSUs in the Boeing merger?
Each outstanding RSU held by a non-employee director was automatically canceled, and the holder became entitled to receive Boeing common stock instead, based on a fixed share conversion formula.
How many restricted stock units were reported for the Spirit AeroSystems director?
The Form 4 shows 37,234 restricted stock units in Table II, which were subject to the automatic cancellation and conversion into the right to receive Boeing common stock.
Does the Spirit AeroSystems director receive cash or stock from this RSU change?
According to the disclosure, the director became entitled to receive shares of Boeing common stock, with the number of shares determined by the 0.1955 conversion factor and subject to withholding for applicable taxes.