Company: BA
Filing Date: 2025-03-07
Form Type: DEF 14A
Source: 0001193125-25-049921
Chunk: 65

Company: BOEING CO
Filing Date: 2025-03-07
Form: DEF 14A
Chunk 65
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 2024 (provided that PRSUs will only pay out subject to the Company’s performance against the goals established for those awards). These pro rata awards (if earned, with respect to PRSUs) will be paid out or become exercisable, as applicable, at the same times as would have occurred had Mr. Colbert remained employed through the applicable vesting dates. His vested PPSOs granted under the terms of our long-term incentive program, including those that vested prior to Mr. Colbert’s separation, will remain exercisable for five years following his separation. Because Mr. Colbert’s layoff was not due to job elimination, he was not eligible to receive cash severance under our Executive Layoff Benefits Plan. More detail can be found under “Potential Payments upon Termination” starting on page 80. Other Program Features and Policies As part of a comprehensive and competitive executive compensation package, executives may be eligible for additional benefits as summarized below. These benefits are designed to attract and retain the executive talent needed to achieve our business and financial objectives. Retirement Benefits Our executives participate in our Boeing 401(k) plan and are also eligible to participate in our Executive Supplemental Savings Plan (Executive SSP), a nonqualified deferred compensation plan. The Executive SSP provides certain executives with additional retirement benefits and allows eligible participants to receive Company contributions that would otherwise exceed Internal Revenue Code limits applicable to the 401(k) plan. The Executive SSP also allows executives to voluntarily defer, on a nonqualified basis, receipt of a portion of salary and/or cash-based incentive payouts. For more information on our nonqualified deferred compensation benefits, see “2024 Nonqualified Deferred Compensation” beginning on page 78. Executives hired prior to 2009 earned benefits under our Pension Value Plan (PVP), a broad-based defined benefit pension plan, until the end of 2015, and if they had a PVP benefit or were hired prior to 2008, also earned benefits under our defined benefit Supplemental Executive Retirement Plan (DB SERP) until the end of 2015. Each of these arrangements is described under “2024 Pension Benefits” beginning on page 77.

| 66 |     | 2025 Proxy Statement |

COMPENSATION DISCUSSION AND ANALYSIS Perquisites and Other Executive Benefits Consistent with our executive compensation philosophy and our commitment to emphasize performance-based pay, we limit the perquisites and other benefits that we provide to executives. In 2024, these perquisites consisted of relocation assistance (as needed), tax preparation services