Company: BA
Filing Date: 2025-03-07
Form Type: DEF 14A
Source: 0001193125-25-049921
Chunk: 57

Company: BOEING CO
Filing Date: 2025-03-07
Form: DEF 14A
Chunk 57
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 exercise of PPSOs while he was employed by the Company and will receive distribution of his vested RSUs in ten annual installments following his separation. 2024 NEO Pay Decisions Pursuant to its regular annual process as described in “Determination of Executive Compensation” beginning on page 54, the Compensation Committee (and the Board, where applicable) generally reviews and approves adjustments (if any) to base salaries, annual incentive targets, and long-term incentive targets and awards for our NEOs during the first quarter of the year. Following the end of the performance year, the Compensation Committee (and the Board, with respect to the CEO) makes decisions regarding incentive scores and the individual performance of our NEOs, and thereafter approves the annual incentive payout amounts. In this section we describe the outcomes of this process for each of our NEOs, other than our CEO, in 2024. Mr. Ortberg’s compensation for 2024, determined by the Board at the time of his hire in August, is summarized under “New CEO’s Compensation” starting on page 46. Responsive actions following January 2024 door plug accident.For our NEOs serving in their roles in March 2024, the Board (with respect to Mr. Calhoun) and the Compensation Committee (with respect to other NEOs) first established long-term incentive targets for the 2024-2026 period that were substantially lower than the target value of awards granted to those NEOs in 2023 (except in the case of NEOs who assumed different roles before the 2024 grant date). Following the door plug accident, the Board and Compensation Committee decided to further reduce the grant date value of long-term incentive awards by 22% from each executive officer’s target, reflecting the decline in our share price between the accident and the award grant date. The impact of that decision on grant amounts is described for each impacted executive officer starting on the next page.

| 2025 Proxy Statement |     | 61 |

COMPENSATION DISCUSSION AND ANALYSIS Brian J. West Executive Vice President and Chief Financial Officer Base Salary.No adjustments were made in 2024 to Mr. West’s base salary of $1,000,000. Annual Incentive Plan Target and Payout.No adjustments were made in 2024 to Mr. West’s annual incentive target of $1,100,000. In February 2025, the Compensation Committee approved an annual incentive payout of $209,000 for Mr. West, determined by multiplying his target by