Company: BA
Filing Date: 2025-03-07
Form Type: DEF 14A
Source: 0001193125-25-049921
Chunk: 41

Company: BOEING CO
Filing Date: 2025-03-07
Form: DEF 14A
Chunk 41
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 Payments upon Termination” starting on page 80. New CEO’s Compensation Upon Mr. Ortberg’s election in August 2024, the Board approved a base salary rate of $1,500,000, as well as stock-based awards with a target grant date value of $16,000,000, granted 50% in the form of a premium-priced stock option (PPSO) and 50% in the form of restricted stock units, to ensure immediate alignment of the bulk of Mr. Ortberg’s compensation with the long-term interests of our shareholders. Mr. Ortberg’s PPSO will vest with respect to 25%, 25% and 50% of the underlying shares on each of the second, third and fourth anniversaries of the grant date, subject to his continued employment through each vesting date (with exceptions for earlier termination due to layoff, death or disability). The exercise price was set at $200.01, representing 120% of the fair market value of one share of Company common stock on the grant date. Mr. Ortberg’s RSUs will vest in three substantially equal installments on the first,

| 46 |     | 2025 Proxy Statement |

COMPENSATION DISCUSSION AND ANALYSIS second and third anniversaries of the grant date, respectively, subject to his continued employment through each vesting date (with exceptions for earlier termination due to retirement after attaining age 62 with at least one year of service, layoff, death or disability). Mr. Ortberg also received a cash award of $1,250,000, which was paid to him in December 2024. Mr. Ortberg did not participate in the 2024 annual incentive plan, and he did not receive any awards under our long-term incentive program during 2024. The Board also approved relocation benefits under the Company’s relocation policy, to facilitate his move to Seattle, Washington. Upon hire, the Board also approved Mr. Ortberg’s annual and long-term incentive targets for 2025, of $3,000,000 and $17,500,000, respectively. Mr. Ortberg’s 2025 total target compensation for 2025 of $22,000,000 approximates the market median for his role. Shareholder Engagement on Executive Compensation Shareholder input has consistently featured as a key consideration of the Compensation Committee as we adapt our executive compensation program to changing circumstances, and this was especially the case in 2024. During 2024, our