Spirit AeroSystems (SPR) director reports share and RSU conversion into Boeing stock
Rhea-AI Filing Summary
Spirit AeroSystems Holdings, Inc. (SPR) director transactions reflect the closing of its merger with The Boeing Company. On December 8, 2025, under the Merger Agreement, each share of Spirit 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 per Spirit share.
The reporting director disposed of 23,912 and 7,009 Spirit Class A shares, leaving no Class A shares owned directly after the conversion. In addition, 1,356 restricted stock units were canceled. For both restricted shares and restricted stock units held by non-employee directors, holders became entitled to receive Boeing common stock based on the same 0.1955 exchange ratio multiplied by the number of underlying Spirit shares.
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Insider Trade Summary
| Type | Security | Shares | Price | Value |
|---|---|---|---|---|
| Disposition | Restricted Stock Units | 1,356 | $0.00 | -- |
| Disposition | Class A Common Stock | 23,912 | $0.00 | -- |
| Disposition | Class A Common Stock | 7,009 | $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). 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 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).