Boeing Co. director Bradley D. Tilden reported a July 1, 2026 change in his beneficial ownership involving Boeing phantom stock units, a derivative security tied to the company’s common stock. The filing was signed on July 6, 2026 by Jenn X. Hu as attorney-in-fact for Tilden. The reported securities are phantom stock units that convert into Boeing common stock on a one-for-one basis. The explanatory notes state that the units were awarded or acquired in lieu of director cash compensation, meaning the transaction reflects deferred equity-based director compensation rather than an open-market purchase or sale. Under The Deferred Compensation Plan for Directors of The Boeing Company, these phantom stock units are to be distributed as shares of Boeing common stock after Tilden’s termination of service as a director. As a result, the units represent a future right to receive Boeing shares, not an immediately delivered share issuance. The provided filing text does not show the specific number of phantom stock units acquired or beneficially owned after the transaction, nor does it include a transaction price or transaction code in the excerpt. The key corporate governance takeaway is that Tilden’s director compensation continues to be linked to Boeing stock performance through deferred phantom stock units that will settle in common shares after his board service ends.