Joyce David Leon 4

What Happened
Joyce David Leon, a director of The Boeing Company (BA), was granted/acquired 465 phantom stock units on April 1, 2026. The units were recorded at $0.00 per unit (aggregate value $0) and are reported as a derivative award (transaction code A). This is a compensation award to a director rather than a market purchase or sale.

Key Details

• Transaction date: 2026-04-01; reported on Form 4 filed 2026-04-03 (filed within the typical 2-business-day window).
• Transaction type/code: A (grant/award of derivative phantom stock units).
• Quantity and price: 465 phantom stock units @ $0.00; aggregate dollar amount reported $0.
• Shares owned after transaction: Not specified in this filing.
• Relevant footnotes from the filing:
  • F1: Phantom stock units convert into common stock on a 1-for-1 basis.
  • F2: Units were awarded or acquired in lieu of director cash compensation.
  • F3: Under Boeing’s Deferred Compensation Plan for Directors, phantom units are distributed as shares of common stock after the director’s termination of service.

Context
Phantom stock units are a deferred-compensation instrument that typically do not result in immediate stock ownership or sales; they convert to actual shares (here, on a 1-for-1 basis) and are distributed after the director leaves service. Such awards are routine director compensation and do not by themselves indicate buying or selling sentiment by the insider.