GOOD LYNN J 4
Research Summary
AI-generated summary
Boeing Director Lynn J. Good Receives 428 Phantom Share Award
What Happened
- Lynn J. Good, a director of The Boeing Company (BA), was awarded 428 phantom stock units on April 1, 2026. The Form 4 reports the acquisition as an award (code A) with a reported acquisition price of $0 — these are non-cash, deferred compensation units rather than immediate share purchases.
Key Details
- Transaction date: 2026-04-01; Form 4 filed: 2026-04-03 (timely filing).
- Amount: 428 phantom stock units; reported acquisition value: $0 (derivative award).
- Shares owned after transaction: not specified in the filing.
- Footnotes from the filing:
- F1: Phantom stock units convert into common stock on a 1-for-1 basis.
- F2: Units awarded or acquired in lieu of director cash compensation.
- F3: Under Boeing’s Deferred Compensation Plan for Directors, phantom units are distributed as shares after the director’s termination of service.
- No 10b5-1 plan, tax withholding, or late-filing indication noted.
Context
- These phantom stock units are a form of deferred director compensation and do not represent immediate common shares or a market purchase/sale. They will convert to actual shares on a 1-for-1 basis and are typically distributed when the director leaves the board. Such awards are routine for non-employee directors and should not be interpreted as a direct buy/sell signal on the open market.