Company: BA
Filing Date: 2025-03-07
Form Type: DEF 14A
Source: 0001193125-25-049921
Chunk: 66

Company: BOEING CO
Filing Date: 2025-03-07
Form: DEF 14A
Chunk 66
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, financial management services, annual physical exams, concierge health services, charitable gift matching and outplacement and transition services upon qualifying terminations. In addition, our CEO is required to use Company aircraft for all business and personal travel for security reasons, and we provide ground transportation to and from airports. Our NEOs are permitted to occasionally use Company aircraft for personal travel, subject to availability. Our NEOs are also permitted to use aircraft and ground transportation services for travel to outside board meetings, executive physicals, professional and industry-related conferences and meetings, business development events, speaking engagements, and community, philanthropic and similar events, some of which may be deemed perquisites under applicable SEC rules; in these circumstances, the Company may also pay additional costs incurred in connection with attendance at such events, such as ground transportation, hotel and meal costs. NEOs are also permitted to use event tickets previously acquired by the Company for business purposes (this use typically results in no incremental cost to the Company). Finally, the Company also occasionally provides commemorative merchandise to our NEOs. The Compensation Committee annually reviews perquisites and other executive benefits to ensure that they are reasonable and consistent with our executive compensation philosophy. Severance Benefits We maintain an Executive Layoff Benefits Plan to provide separation benefits for executives who are involuntarily laid off due to a job elimination (these separation benefits are not provided upon layoff without job elimination, or if the executive becomes employed elsewhere within the Company in any capacity or refuses any offer of employment with the Company as an executive). The plan provides a layoff benefit equal to one year of base salary plus an amount equal to the executive’s target annual incentive multiplied by the incentive score for the year in which the layoff occurs, less any amounts paid pursuant to an individual employment, separation or severance agreement (if applicable). The plan does not provide enhanced change-in-controlbenefits or tax gross-ups.The Compensation Committee believes that the benefits provided under the plan are consistent with those provided by our peers and other companies with which we compete for executive talent. As no NEO experienced a layoff due to job elimination in 2024, no benefits under the Executive Layoff Benefits Plan were paid to any NEO with respect to that year. Laid off executives may continue to participate in certain incentive award programs with respect to their outstanding awards after a separation based on service and the terms and conditions of the award. Executive Stock Ownership and Stock Holding Requirements To further align the interests of our senior executives with the long-term interests of shareholders, we require NEOs and other senior