Boeing offers CEO Dave Calhoun more than $5M in additional stock awards to stay on
The Boeing Co.’s (NYSE: BA) board of directors is giving CEO Dave Calhoun millions of dollars’ worth of restricted stock to keep him in the driver’s seat.
The aerospace and defense giant said Friday in Securities and Exchange Commission filings its board approved giving Calhoun 25,000 restricted stock units. Those shares total roughly $5.29 million based on Boeing's share price at Friday's market close.
“The award reflects the board’s recognition of and continued confidence in Mr. Calhoun’s strong leadership, and is designed to help retain Mr. Calhoun as he continues to lead the work to position the company for the future,” Boeing said in its filing.
The units will vest in two installments, on the first and second anniversaries of the grant date, according to the filing.
https://www.bizjournals.com/seattle/news/2023/02/22/boeing-dave-calhoun-compensation.html
Fuck him. Let him go.