Company: BA
Filing Date: 2025-03-07
Form Type: DEF 14A
Source: 0001193125-25-049921
Chunk: 56

Company: BOEING CO
Filing Date: 2025-03-07
Form: DEF 14A
Chunk 56
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 of these PPSOs on the vesting date was zero. However, these PPSOs, which will remain exercisable for ten years following the grant date while the executive remains employed with us (subject to limited exceptions, described below) will continue to incentivize our NEOs towards our sustained long-term recovery, aligned to the length of our business cycle and the time period over which we expect to realize the benefit of the strategic decisions being made now. Our time-vested RSUs were issued in February 2022 with a grant date fair market value per share of $217.48 and vested on February 18, 2025, at a fair market value of $186.44 per share. Overall, the value realized by our NEOs as of the vesting date with respect to their 2022-2024 long-term incentive awards represented 43% of the target value of those awards (calculated assuming zero exercisable value for vested underwater PPSOs). Vested PPSOs will remain exercisable until the tenth anniversary of the grant date, subject to the executive’s continuous employment through that date or earlier retirement if the executive qualifies as retirement-eligible (at least

| 60 |     | 2025 Proxy Statement |

COMPENSATION DISCUSSION AND ANALYSIS age 55 with ten years of service, at least age 62 with one year of service, or otherwise eligible to retire under the terms of a Company-sponsored qualified defined benefit pension plan). If the executive terminates for any reason other than qualifying retirement prior to the tenth anniversary of the grant date, the exercisability of vested PPSOs will depend on the type of termination:

| • |     | Layoff, death or long-term disability: PPSOs remain exercisable until the earlier of the fifth anniversary of the grant date or the normal expiration date. |

| • |     | Termination for cause: PPSOs immediately expire. |

| • |     | Termination for any other reason: PPSOs remain exercisable until the earlier of 90 days following termination or the tenth anniversary of the grant date. |

The 2022-2024 long-term incentive awards granted to Mr. Calhoun, who was serving as our CEO at the time of grant, contain special restrictions designed to ensure that this significant component of his pay remains firmly linked to the Company’s long-term performance for the duration of his CEO service and beyond. Specifically, Mr. Calhoun was prohibited from selling or otherwise transferring any shares acquired through