Company: BA
Filing Date: 2025-03-07
Form Type: DEF 14A
Source: 0001193125-25-049921
Chunk: 6

Company: BOEING CO
Filing Date: 2025-03-07
Form: DEF 14A
Chunk 6
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 performance that drives the creation of long-term shareholder value – approximately 85% of target CEO pay, and approximately 87% of target named executive officer, or NEO, average pay in 2024 was variable; |

| • |     | Pay directly linked to the executive’s commitments to our core values of safety, quality, integrity and sustainability, and incorporates specific and measurable metrics relating to safety and quality; |

| • |     | Pay heavily weighted toward long-term stock-based components reflecting the length of our business cycle, driving focus on strategic long-term priorities; |

| • |     | Robust and proactive shareholder outreach to solicit feedback on executive compensation program and design; |

| • |     | Clawback policy permits the recoupment of past incentive pay from executive officers in the event of instances of misconduct or certain types of negligent conduct, in addition to and even absent a restatement of financial results, including where such conduct has compromised the safety of our products or services; |

| • |     | Continued focus on safety as a component in determining annual incentive payouts for executive officers, including formal consultation between the Aerospace Safety and Compensation Committees on identifying appropriate safety-related metrics for incentive program design and evaluating individual executive performance with respect to safety; |

| • |     | Long-term incentives for senior executives that facilitate long-term stock ownership and alignment between interests of management and shareholders; |

| • |     | No accelerated vesting of equity awards in connection with a change in control; |

| • |     | Prohibition against pledging or hedging Boeing securities by directors or executive officers; |

| • |     | Rigorous stock holding and ownership requirements for executive officers; and |

| • |     | No change in control arrangements or (except where required by non-U.S. law) employment agreements. |

Principal Components of NEO 2024 Total Target Compensation

| 6 |     | 2025 Proxy Statement |

PROXY SUMMARY CEO Transition In March 2024, we announced that David Calhoun would step down as our President and CEO by the end of 2024, Larry Kellner decided not to stand for re-electionat the 2024 annual meeting, and the Board elected Steve Mollenkopf to succeed Mr. Kellner as independent Board Chair effective immediately. Mr. Mollenkopf promptly led an extensive search process for the next CEO, beginning by meeting with customers, regulators, investors, suppliers, employees, and industry partners to hear their perspectives on the skills and experience necessary to lead Boeing successfully through