Company: BA
Filing Date: 2025-03-07
Form Type: DEF 14A
Source: 0001193125-25-049921
Chunk: 44

Company: BOEING CO
Filing Date: 2025-03-07
Form: DEF 14A
Chunk 44
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 input on disclosure enhancements. Our independent Board Chair participated in most of those meetings, often with the Compensation Committee Chair. During these engagements, we previewed planned changes to the 2025 design, and shareholders expressed general support, emphasizing the need for transparent disclosure to provide the rationale for such changes during this transitional period. Shareholders also encouraged the Board to continue including safety and quality metrics in our executive compensation program. After considering this feedback, the Compensation Committee approved key changes to our 2025 annual incentive plan and 2025-2027 long-term incentive program aimed at promoting accountability, focusing on strategic and operational Company priorities and appropriately incentivizing our leadership team to deliver performance aligned to long-term shareholder interests.

| 48 |     | 2025 Proxy Statement |

COMPENSATION DISCUSSION AND ANALYSIS

| Responsive Changes to our 2025 Annual Incentive Plan                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                 |
| •   A single enterprise incentive score to drive alignment on priorities, unity and accountability. In 2024 and prior years, our annual incentive plan established separate incentive scores for each business unit. This year, to unify our workforce behind the core work we must collectively do to restore trust with our stakeholders, and to ensure that our incentive goals can be clearly and effectively communicated to our employees, we will have a single enterprise incentive score for 2025. This score will be based 80% on performance against pre-established financial targets for free cash flow, revenue and core earnings per share, and 20% on progress towards achieving specific operational priorities (described below) for the Company. As in prior years, this score will determine payouts not only for our executive officers, but our entire executive team and over 100,000 of our colleagues around the world, and drive a culture of company-wide accountability and mission clarity.   •   Operational priorities focused on safety and execution. This component of our 2025 enterprise score is intended to reinforce our Company-wide focus on two strategic pillars – Safety and Execution. Under the Safety pillar, we will assess key performance indicators focused on safety and production health, including employee proficiency in core skills, rework and traveled work levels and supplier shortages. These key performance indicators (KPIs) and their associated operational control limits were developed in cooperation with the FAA in 2024 as part of our Safety & Quality Plan and have since been operationalized as appropriate in key programs across our business