Spirit AeroSystems (SPR) SVP reports share and RSU conversion in Boeing merger
Rhea-AI Filing Summary
Spirit AeroSystems Holdings, Inc. executive reported changes in his holdings following the completion of the company’s merger with The Boeing Company. On December 8, 2025, each share of Spirit’s Class A common stock was automatically canceled and converted into the right to receive Boeing common stock at a fixed exchange ratio of 0.1955 Boeing shares for each Spirit share under the merger agreement.
The reporting officer disposed of 24,639 Spirit Class A shares, leaving him with no directly held Spirit common stock after the transaction. In addition, his 32,107 Spirit restricted stock units, which had entitled him to Spirit shares on a one-for-one basis when vested, were automatically converted into Boeing restricted stock units based on the same 0.1955 exchange ratio. These new Boeing RSUs retain the same vesting and other terms that applied to the prior Spirit awards, including any related dividend equivalents.
Positive
- None.
Negative
- None.
Insider Trade Summary
| Type | Security | Shares | Price | Value |
|---|---|---|---|---|
| Disposition | Restricted Stock Units | 32,107 | $0.00 | -- |
| Disposition | Class A Common Stock | 24,639 | $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.
FAQ
What insider transaction did Spirit AeroSystems (SPR) report in this Form 4?
The filing reports that a Spirit AeroSystems executive disposed of 24,639 shares of Class A common stock on December 8, 2025 in connection with the closing of the merger with The Boeing Company, after which he no longer directly owned Spirit common stock.
What happened to the executive’s restricted stock units (RSUs) in the Spirit AeroSystems–Boeing deal?
The executive’s 32,107 Spirit RSUs, which would have settled one-for-one in Spirit shares upon vesting, were automatically converted on December 8, 2025 into Boeing RSUs. Each Boeing RSU represents Boeing common stock determined using the same 0.1955 exchange ratio, rounded to the nearest whole share.
Did the terms of the converted Boeing RSUs differ from the original Spirit RSUs?
No. Each converted Boeing RSU continues to be governed by the same terms and conditions, including vesting terms, that applied to the corresponding Spirit RSU immediately before the effective time of the merger. Any accrued but unpaid dividend equivalents also transferred to the Boeing RSUs.
What corporate transaction triggered this Form 4 for Spirit AeroSystems (SPR)?
The report stems from the completion of the merger under the Agreement and Plan of Merger among Spirit AeroSystems, The Boeing Company, and Sphere Acquisition Corp., dated June 30, 2024, which became effective on December 8, 2025.
What role does the reporting person hold at Spirit AeroSystems (SPR)?
The reporting person is an officer of Spirit AeroSystems, serving as SVP, Airbus & Reg Bus. Jets, as disclosed in the relationship section of the filing.