Company: BA
Filing Date: 2025-03-07
Form Type: DEF 14A
Source: 0001193125-25-049921
Chunk: 62

Company: BOEING CO
Filing Date: 2025-03-07
Form: DEF 14A
Chunk 62
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 2024 to Mr. Calhoun’s base salary of $1,400,000. In connection with his transition to an advisory role, Mr. Calhoun’s salary was reduced to $1,120,000, effective October 4, 2024. Annual Incentive Plan Target and Payout.No adjustments were made in 2024 to Mr. Calhoun’s annual incentive target of $2,800,000. Mr. Calhoun received an annual incentive payout of $0 for 2024. Long-Term Incentive Awards.In February 2024, the Compensation Committee recommended, and the Board approved, a long-term incentive target of $17,000,000 for Mr. Calhoun for the 2024-2026 performance period. This target represented a reversion back to his 2022 target, as the Compensation Committee (and the Board, with respect to Mr. Calhoun) decided to grant larger awards to our NEOs in 2023 ($21,250,000 for Mr. Calhoun) as described in our 2024 proxy statement. For the reason described on page 61, the Board applied a reduction of 22% to Mr. Calhoun’s target. As a result, Mr. Calhoun’s long-term incentive awards, granted in the form of PPSOs and RSUs, had a grant date value of $13,245,567, representing an overall reduction of 38% from the prior year.

| 64 |     | 2025 Proxy Statement |

COMPENSATION DISCUSSION AND ANALYSIS Impact of Retirement.Mr. Calhoun retired from the Company on March 1, 2025. As he qualified as retirement-eligible (having attained at least age 62 with one year of service) under pre-existing contractual provisions of our long-term incentive awards, Mr. Calhoun was eligible to vest in awards granted under our long-term incentive program that remained outstanding as of the date of his retirement, including 92,286 PRSUs and 72,761 RSUs granted in 2023 and 2024 (provided that PRSUs will only pay out subject to applicable Company performance against the goals established for those awards). These awards (if earned, with respect to PRSUs) will be paid out in ten annual installments following his separation from the Company. His PPSOs granted under the terms of our long-term incentive program, all of which vested in accordance with