Company: BA
Filing Date: 2025-03-07
Form Type: DEF 14A
Source: 0001193125-25-049921
Chunk: 35

Company: BOEING CO
Filing Date: 2025-03-07
Form: DEF 14A
Chunk 35
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. He served as Board Chair until March 24, 2024. |

| (10) | Mr. Mollenkopf began serving as the independent Board Chair on March 24, 2024. |

| (11) | Admiral Richardson served as Special Programs Committee Chair for all of 2024. |

| (12) | Mr. Williams retired from the Board effective May 17, 2024. He served as GPP Committee Chair until his retirement. |

Director Stock Ownership Requirements

| Our Corporate Governance Principles require each nonemployee director with more than three years of Board service to own stock or stock equivalents with a value of at least three times the annual cash retainer fee, and directors with more than six years of Board service to own stock or stock equivalents with a value of at least five times the annual cash retainer fee. The GPP Committee annually reviews whether each nonemployee director has met the applicable requirement. Each director currently exceeds his or her applicable stock ownership requirement. In accordance with our insider trading policy, directors are prohibited from engaging in hedging or pledging transactions involving Boeing securities, and directors are only permitted to trade Boeing securities during an open trading window and after receiving pre-clearance from the Corporate Secretary. |     | Nonemployee directors hold, on average, Boeing stock or   stock equivalents valued at  >10x   the nonemployee director annual cash retainer fee |

Compensation Consultant The Compensation Committee directly engaged FW Cook to serve as its independent compensation consultant during 2024. The GPP Committee also engaged FW Cook during 2024 to serve as its independent compensation consultant relating to nonemployee director compensation. In connection with performing these roles, FW Cook took direction from the Compensation and GPP Committees, as applicable, reported directly to the committees, and did not provide any other services to Boeing. The total amount of fees paid to FW Cook for services to the committees in 2024 was $660,206. FW Cook received no other fees or compensation from us. The Compensation Committee assessed the independence of FW Cook pursuant to SEC and NYSE rules and determined that no conflict of interest exists that would prevent or has prevented it from independently advising the Compensation and GPP Committees. For more information, see “Determination of Executive Compensation” on page 54. Related-Person Transactions Some of our directors, executive officers, greater than 5% shareholders and their immediate family members may be affiliated with entities with which we do business in the ordinary course. We carry out transactions with these firms on