Company: BA
Filing Date: 2025-03-07
Form Type: DEF 14A
Source: 0001193125-25-049921
Chunk: 54

Company: BOEING CO
Filing Date: 2025-03-07
Form: DEF 14A
Chunk 54
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 of an employee culture survey aimed at assessing how deeply and effectively our Safety Management System is inculcated in our workforce, and |

| • |     | Development and implementation of operational control limits for several programs (including the 737 program) that include measures for determining when a safety risk assessment is required before a product can move past a specified point in our production system. |

These milestones are a component of the Company’s comprehensive plan to strengthen its safety management and quality assurance and re-earnthe trust of its global customers and the FAA. The operational control limits, in particular, provide real-time insights into production system health and aid in monitoring tangible improvements and determining system readiness for potential future rate increases. Following consultation with the Aerospace Safety Committee, which reviewed the Company’s detailed action plans and outcomes for the above-described milestones, the Compensation Committee certified completion in December 2024. Our PRSUs and RSUs require three years of continuous service to vest, except in cases of qualifying retirements, layoff, death or long-term disability. Specifically, the awards provide for full vesting upon retirement or layoff after attaining age 62 with at least one year of service or termination due to death or long-term disability, or pro-ratedvesting upon retirement after attaining age 55 with at least ten years of service, retirement under a Company-sponsored qualified defined benefit pension plan or layoff. Any other type of termination prior to vesting will result in forfeiture of the awards. The PRSUs and RSUs granted to Mr. Calhoun, who was serving as our CEO at the time of grant, contain special restrictions designed to ensure that this significant component of his pay remains firmly linked to the Company’s long-term performance for the duration of his CEO service and beyond. Specifically, Mr. Calhoun will receive distribution of his vested RSUs and (if earned) PRSUs in ten annual installments following his separation.

| 58 |     | 2025 Proxy Statement |

COMPENSATION DISCUSSION AND ANALYSIS 2024 Company Performance Results 2024 Annual Incentive Plan Financial performance results.2024 performance with respect to our annual financial metrics is set forth below. No adjustments were made for incentive plan purposes to any metrics or results. Below-threshold performance for Commercial Airplanes was primarily driven by management’s decision to slow down production rates and delay rate increases, for the purpose of addressing findings and implementing improvements coming out of FAA and internal safety and quality audits. In addition, both Commercial Airplanes and Defense