Company: BA
Filing Date: 2025-03-07
Form Type: DEF 14A
Source: 0001193125-25-049921
Chunk: 61

Company: BOEING CO
Filing Date: 2025-03-07
Form: DEF 14A
Chunk 61
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 to the position of President and CEO of Global Services. Annual Incentive Plan Target and Payout.Effective January 1, 2024, and in connection with his new role, the Compensation Committee approved an annual incentive target for Mr. Raymond of $700,000. In February 2025, the Compensation Committee approved an annual incentive payout of $392,000 for Mr. Raymond, determined by multiplying his target by the 56% incentive score for the Global Services business, and multiplying the product by an individual performance score of 100%. Long-Term Incentive Award.Effective January 1, 2024, and in connection with his new role, the Compensation Committee approved a long-term incentive target of $2,600,000 for Mr. Raymond for the 2024-2026 performance period, as compared to $1,075,250 in 2023 when he was serving in his prior role. For the reason described on page 61, the Compensation Committee reduced the target value of Mr. Raymond’s 2024 award, granted in the form of PPSOs and RSUs, by 22% to $2,025,432. Individual Performance Highlights.During 2024, Mr. Raymond:

| • |     | Conducted 435 safety and quality stand-down sessions with approximately 28,000 employees at over 350 global locations, |

| • |     | Ensured that 99% of Global Services employees completed product safety and quality training, |

| • |     | Engaged over 130 customers on our competency-based commercial pilot training and assessment program, |

| • |     | Achieved the business’s financial plan in revenue and operating earnings, |

| • |     | Achieved year-over-year improvement in on-time delivery to our customers, |

| • |     | Increased the use of digital capabilities to improve processes and mitigate risk, and |

| • |     | Deployed a talent strategy to restructure the business leadership team, create a strategic framework and expand employee engagement and development. |

David L. Calhoun Former President and CEO In late March 2024, Mr. Calhoun announced his intention to retire from the position of President and CEO by year-end.Mr. Calhoun ceased serving in that role on August 7, 2024. He remained an employee of the Company, serving in a transitional advisory capacity, until his retirement on March 1, 2025. Base Salary.No adjustments were made in the first quarter of