8-KLeadership ChangesExhibits & Filings

BOEING CO 8-K Report, Executive Changes (Jun 26, 2009)

Filed June 26, 2009For Securities:BABA-PA

Summary

This 8-K filing from The Boeing Company (BA) reports on a significant compensation action related to its Chief Financial Officer, James A. Bell. On June 22, 2009, the Compensation Committee approved a grant of 50,000 restricted stock units (RSUs) to Mr. Bell, serving as both recognition for his performance and a retention incentive. The units are subject to the company's 2003 Incentive Stock Plan and will fully vest and settle in common stock on the third anniversary of the grant date, June 22, 2012. For investors, this filing primarily signals management's commitment to retaining key executive talent, particularly its CFO, during a period where such stability can be crucial. The RSU award structure, with its three-year vesting period, indicates a long-term alignment of executive interests with shareholder value. While the value of the award is tied to Boeing's stock performance, the grant itself suggests confidence in Mr. Bell's continued leadership and contribution to the company's future success.

Key Highlights

  • 1Boeing's Compensation Committee granted 50,000 restricted stock units (RSUs) to CFO James A. Bell.
  • 2The grant was made on June 22, 2009.
  • 3The RSUs are intended to recognize Mr. Bell's performance and serve as a retention incentive.
  • 4The award is made under Boeing's 2003 Incentive Stock Plan.
  • 5The restricted stock units will fully vest and settle in common stock on June 22, 2012 (three-year vesting period).
  • 6The RSUs will settle on a one-for-one basis with Boeing common stock.

Frequently Asked Questions

This 8-K filing primarily announces a compensation action by The Boeing Company: the grant of restricted stock units (RSUs) to its Chief Financial Officer, James A. Bell. The grant is intended to reward his performance and incentivize him to remain with the company.

The filing states that 50,000 restricted stock units were granted. The exact monetary value at the time of the grant would depend on the price of Boeing's common stock on June 22, 2009. The filing does not explicitly state the dollar amount of the award.

The restricted stock units will fully vest and settle into common stock on the third anniversary of the grant date, which is June 22, 2012. The settlement will be on a one-for-one basis, meaning he will receive one share of Boeing common stock for each vested RSU.

Yes, the award is subject to the terms and conditions of Boeing's 2003 Incentive Stock Plan. Additionally, as indicated by the three-year vesting period, the award is contingent on Mr. Bell remaining an employee of the company until the vesting date, and potentially other conditions outlined in the full terms of the Restricted Stock Units agreement, referenced as Exhibit 10.1.