Boeing (BA) Director John M. Richardson Receives 241 Phantom Units

What Happened John M. Richardson, a director of The Boeing Company, was granted 241 phantom stock units on April 1, 2026. The Form 4 reports the units as derivative awards: 241 units @ $0.00 per unit (no cash exchanged). These phantom units convert into common shares on a 1-for-1 basis and were awarded in lieu of director cash compensation.

Key Details

• Transaction date: 2026-04-01; Filing date: 2026-04-03 (timely filing).
• Award: 241 phantom stock units, reported at $0.00 per unit (derivative award).
• Conversion: Phantom units convert to common stock on a 1-for-1 basis (Footnote F1).
• Reason: Units awarded or acquired in lieu of director cash compensation (Footnote F2).
• Distribution: Units will be distributed as shares after the director’s termination of service under Boeing’s Deferred Compensation Plan for Directors (Footnote F3).
• Shares owned after transaction: not specified in this filing.

Context This transaction is an equity-based director compensation award rather than an open-market purchase or sale. Such phantom-unit grants are common for non-employee directors and do not represent an immediate cash investment or sale; they become actual shares only upon distribution per the deferred compensation plan.