Company: BA
Filing Date: 2025-03-07
Form Type: DEF 14A
Source: 0001193125-25-049921
Chunk: 64

Company: BOEING CO
Filing Date: 2025-03-07
Form: DEF 14A
Chunk 64
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 applicable vesting dates. His vested PPSOs granted under the terms of our long-term incentive program, including those that vested prior to Mr. Deal’s retirement, will remain exercisable until the ten-yearexpiration date of those awards. Mr. Deal also vested in 4,320 Career Shares (stock unit awards granted prior to 2006) upon his retirement. More detail can be found under “Potential Payments upon Termination” starting on page 80.

| 2025 Proxy Statement |     | 65 |

COMPENSATION DISCUSSION AND ANALYSIS Theodore Colbert III Former Executive Vice President; President and CEO, Defense, Space & Security On September 20, 2024, Mr. Colbert ceased serving in the position of President and CEO of our Defense business. He remained an employee of the Company, serving in a transitional advisory capacity, until his separation due to layoff on December 2, 2024. Base Salary.No adjustments were made in 2024 to Mr. Colbert’s base salary of $1,000,000. Annual Incentive Plan Target and Payout.No adjustments were made in 2024 to Mr. Colbert’s annual incentive target of $1,000,000. Mr. Colbert received an annual incentive payout of $0 for 2024. Long-Term Incentive Award.In February 2024, the Compensation Committee approved a long-term incentive target of $5,000,000 for Mr. Colbert for the 2024-2026 performance period, compared to $6,000,000 in 2023. For the reason described on page 61, the Compensation Committee applied a reduction of 22% to Mr. Colbert’s target. As a result, Mr. Colbert’s long-term incentive awards, granted in the form of PPSOs and RSUs, had a grant date value of $3,895,551, representing a reduction of 35% from the prior year. Impact of Separation.Mr. Colbert separated from the Company due to layoff on December 2, 2024. In accordance with pre-existingcontractual provisions of our long-term incentive awards, Mr. Colbert was eligible to vest in pro rata portions of awards that remained outstanding as of the date of his separation, including a PPSO with respect to 22,746 shares granted in 2022, 18,004 RSUs granted between 2022 and 2024, and 12,185 PRSUs granted in 2023 and