Spirit AeroSystems (SPR) director reports Spirit shares converted into Boeing stock
Rhea-AI Filing Summary
Spirit AeroSystems Holdings, Inc. director Ronald T. Kadish reported automatic conversion of his Class A common stock and restricted stock in connection with the company’s merger with The Boeing Company. On December 8, 2025, under the Merger Agreement among Spirit, Boeing and Sphere Acquisition Corp., each Spirit share was canceled and converted into the right to receive Boeing common stock at a fixed exchange ratio of 0.1955 Boeing share for each Spirit share.
The filing shows Kadish’s indirect holdings in the Ronald T. Kadish Trust & Cynthia S. Kadish Trust and his direct holdings in Spirit common stock going to zero as a result of this share-for-share conversion. Restricted stock awards held by non‑employee directors were also canceled and converted into the right to receive Boeing shares using the same 0.1955 exchange ratio, subject to applicable tax withholding.
Positive
- None.
Negative
- None.
Insider Trade Summary
| Type | Security | Shares | Price | Value |
|---|---|---|---|---|
| Disposition | Class A Common Stock | 25,563 | $0.00 | -- |
| Disposition | Class A Common Stock | 18,454 | $0.00 | -- |
| Disposition | Class A Common Stock | 7,414 | $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).