Bradway Robert A 4
Research Summary
AI-generated summary
Boeing (BA) Director Robert Bradway Receives 406-Share Award
What Happened
- Robert A. Bradway, a director of The Boeing Company, was granted 406 phantom stock units on 2026-07-01. The units were recorded at $0.00 per unit (derivative award) and were granted as director compensation rather than an open-market purchase or sale.
- These are phantom (deferred) stock units convertible 1-for-1 into Boeing common shares and are distributed as shares after the director’s termination of service. No cash was paid in this transaction.
Key Details
- Transaction date: 2026-07-01; Form 4 filed: 2026-07-06.
- Reported transaction: 406 phantom stock units @ $0.00 (derivative award).
- Shares owned after transaction: not specified in the provided filing details.
- 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: Units are distributed as shares after the reporting person’s termination as a director.
- Timeliness: The Form 4 was filed five days after the grant date (filed 7/6 for a 7/1 transaction), which is later than the typical two-business-day Form 4 deadline — the filing appears late.
Context
- This was a compensation award (derivative phantom units), not a market purchase or sale. Such awards are routine for non-employee directors and do not by themselves indicate immediate buying or selling sentiment.
- The units will convert to actual shares only upon distribution rules described in the deferred compensation plan, so they are not immediately tradeable stock.