Company: BA
Filing Date: 2025-03-07
Form Type: DEF 14A
Source: 0001193125-25-049921
Chunk: 63

Company: BOEING CO
Filing Date: 2025-03-07
Form: DEF 14A
Chunk 63
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 their terms before Mr. Calhoun’s retirement, will remain exercisable until the ten-yearexpiration date of those awards. Stanley A. Deal Former Executive Vice President; President and CEO, Commercial Airplanes On March 25, 2024, Mr. Deal ceased serving in the position of President and CEO of our Commercial Airplanes business. He remained an employee of the Company, serving in a transitional advisory capacity, until his retirement on October 1, 2024. Base Salary.No adjustments were made in 2024 to Mr. Deal’s base salary of $1,100,000. Annual Incentive Plan Target and Payout.No adjustments were made in 2024 to Mr. Deal’s annual incentive target of $1,500,000. Mr. Deal received an annual incentive payout of $0 for 2024. Long-Term Incentive Award.In February 2024, the Compensation Committee approved a long-term incentive target of $6,000,000 for Mr. Deal for the 2024-2026 performance period, compared to $8,400,000 in 2023. For the reason described on page 61, the Compensation Committee applied a reduction of 22% to Mr. Deal’s target. As a result, Mr. Deal’s long-term incentive awards, granted in the form of PPSOs and RSUs, had a grant date value of $4,674,622, representing an overall reduction of 44% from the prior year. Impact of Retirement.Mr. Deal retired from the Company on October 1, 2024. As he qualified as retirement-eligible (having attained at least age 55 with ten years of service) under pre-existing contractual provisions of our long-term incentive awards, Mr. Deal was eligible to vest in pro rata portions of awards granted under our long-term incentive program that remained outstanding as of the date of his retirement, including a PPSO with respect to 29,972 shares granted in 2022, 22,329 RSUs granted between 2022 and 2024, and 14,566 PRSUs granted in 2023 and 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. Deal remained employed through the