Company: BA
Filing Date: 2025-02-03
Form Type: 10-K
Source: 0000012927-25-000015
Chunk: 330

Company: BOEING CO
Filing Date: 2025-02-03
Form: 10-K
Item: Item 3
Chunk 330
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 Free Interest RateGrant Date Fair Value Per Option20222/16/20226.8 years36.6 %2.0 %$83.04 Stock option activity for the year ended December 31, 2024 was as follows:SharesWeighted Average Exercise Price Per OptionWeighted Average Remaining Contractual Life (Years)Aggregate Intrinsic ValueNumber of shares under option:Outstanding at beginning of year792,662$252.35 Granted124,374200.83 Exercised(1,953)124.98 Forfeited(11,084)233.75 Outstanding at end of year903,999$245.76 6.9$0 Exercisable at end of year425,705$250.10 6.0$0 The total intrinsic value of options exercised during the years ended December 31, 2024, 2023 and 2022 was $0, $80 and $75, with a related tax benefit of $0, $18 and $17, respectively. At December 31, 2024, there was $9 of total unrecognized compensation cost related to options which is expected to be recognized over a weighted average period of 3.1 years. The fair value of options vested during the year ended December 31, 2024, was $32. No options vested during the years ended December 31, 2023 and 2022.

103

Restricted Stock UnitsIn February 2024, 2023 and 2022, we granted to our executives 2,008,499, 327,523 and 1,804,541 restricted stock units (RSUs) as part of our long-term incentive program with grant date fair values of $204.15, $214.35 and $217.48 per unit, respectively. In March 2024, we granted to our executive officers 125,432 RSUs with a grant date fair value of $192.94 per unit as part of our long-term incentive program. In July 2022, we granted 2,568,112 RSUs with a grant date fair value of $157.69 per unit as part of our long-term incentive program, accelerating awards planned for 2023 to retain executives. The RSUs granted under this program are generally scheduled to vest and settle in common stock (on a one-for-one basis) on the third anniversary of the grant date. If an executive terminates employment because of