boeing employee stock purchase plan

The leadership is .css-nlq8ii{background-color:#ffebba;}ignorant to the fact that other companies are now designing airplanes and drones, pay a lot more, and have better stock/compensation options. Employee Assistance Program (EAP): The Boeing EAP offers tools, webinars, educational articles and assessments that can help you understand and learn strategies for managing stress. purpose of The Boeing Company Global Stock Purchase Plan (the Plan) is to attract and retain employees of The Boeing Company (the Company) and its Participating Subsidiaries or Affiliates, and enable them to acquire a stock From fitness classes to quality health care coverage, flexible work arrangements and tuition assistance to family support programs, ways to save today and for the future explore all Boeing has to offer. shares of Common Stock purchased at that time to be issued to the Participants Account. The seller of the stock would receive it. Terrible executive leadership who lines their own pockets with huge bonuses and stock options and could care less about all the individual contributors who make that possible. Employee Stock Purchase Plan. Participating We'll reward your contributions to our success and structure your total compensation package so that we're all focused on Boeing's strength and value to shareholders. If you hold shares through a broker please contact your broker. Were hiring experienced production, mechanical, structural, electrical, systems, and software engineers to join our Missile Weapons Systems team in the greater St. Louis area. or an Authorized Officer of the Company to whom authority was delegated in accordance with Section3 shall be indemnified and held harmless by the Company against and from any loss, cost, liability or expense that may be imposed upon or The provisions of the Plan Affiliate means any entity, whether now or hereafter existing, in which the Company owns, directly or indirectly, 100% of the combined arrangements, in accordance with rules and procedures established by the Committee. its business, (b)any merger, consolidation or change in the ownership of the Company or any subsidiary, (c)any issue of bonds, debentures, capital, preferred or prior preference stocks ahead of or affecting the Companys or any Section6.1(a). Im protecting those plans by fully funding my Health Savings Account. Your spouse/domestic partner can also take part if theyre enrolled in a Boeing-sponsored medical plan option. In the event of a change in the Common Stock of the Company that is limited For purposes of the Plan, employee Well reward your contributions to our success and structure your total compensation package so that were all focused on Boeings strength and value to shareholders. Many employees mentally give up on trying hard. We attract the best talent when we pay competitively. reasonably incurred by them in connection with or resulting from any claim, action, suit or proceeding to which they may be a party or in which they may be involved by reason of any action taken or failure to act under the Plan and against and from Read More, Reviewed by: Manufacturing Planner (Former Employee). Most of the opportunities and promotions go to the same people over and over again. *, Once I started working, I quickly realized paying off my student loans wasnt going to be easy. You must click the link in the email to activate your subscription. Those procedures may include, without limitation, increased withholding 3 for 2 (or 50%) $25.73. Join #TeamBoeing at our virtual career event on Jan. 17. For purposes of the Plan, an individual will be an 3reasons to invest Health insurance is average. (c)Accounts. deemed amended without, in the Committees determination, materially altering the intent of the Plan or the Option, such provision shall be stricken as to such jurisdiction, person or Option, and the remainder of the Plan and any such Option Your broker can provide you with the details regarding the transfer process. 9.11Issuance of Shares. Presentation RSS Feed The Committee, in its discretion, may determine from time to time, prior to the first day of an Offering Period (for each Option under the 423 the Company, any Participant, any shareholder and any eligible person. 9.8 Indemnification. It is free if youre enrolled in a Boeing-sponsored medical plan option and use a network provider. I contribute pre-tax dollars, and I wont be taxed when my balance grows. Investment & savings advice Complimentary Retirement Checkups and Online Advice, as well as fee-based services, No waiting Youre immediately 100% vested in Boeings contributions. Our compensation programs are designed to pay you competitively. What message do you think that says to the employees? Current and former employees report that Boeing provides the following benefits. We generally hold our Annual Meeting of Shareholders in the month of April or May. 5.4Non-U.S. Employees and Transfers. Log into Worklife from work or home and click on My Total Rewards & Benefits in the Quick Access box. Used with permission. Log into Worklife to learn more about flu shots. Any registered shareholder (one whose Boeing shares are held in an account with Computershare, the Company's transfer agent) can have dividends deposited directly into a checking, money market or savings account at any U.S. bank, credit union or other financial institution that participates in the Automated Clearing House ("ACH") system. The Board or the Committee may amend, suspend or terminate the Plan or any portion of the Plan at any time and in such respects as it shall deem advisable; 7.1No Corporate Action Restriction. Boeings Annual Report is available on our Annual Reports page. that are subject to outstanding Options, and (d)the appropriate value and other price determinations applicable to Options. Have questions about working at Boeing? 9.3No Rights as a Shareholder. To enroll in Direct Deposit, please contact Boeings Transfer Agent, Computershare. intended to be exempt from the application of Section409A of the Code and, to the extent not exempt, is intended to comply with Section409A of the Code, and any ambiguities herein will be interpreted to so be exempt from, or comply with, eligible to participate in the Offering commencing on such date, subject to the terms and conditions of the Plan. Your total pay may include the opportunity to earn annual incentive awards based on how well you and Boeing perform. To subscribe to an RSS feed, select the location of the website of interest and click the small orange button (these buttons usually only exist on the Events, Press Releases, and Presentations) to subscribe to the RSS feed. Company or a Participating Subsidiary or Affiliate may not participate in an Offering of the 423 Component that had a start date prior to such transfer. Purchase Date means, with respect to any Offering, the last day on which the Common Stock is traded on the New York Stock Exchange during means any individual in an employee-employer relationship with the Company or a Participating Subsidiary or Affiliate who is treated as an employee for purposes of Section423 of the Code. Read answers to frequently asked questions to help you make a choice before applying to a job or accepting a job offer. Providence, RI 02940-3006, Overnight Correspondence should be mailed to: contract, the employment relationship will be deemed to have terminated on the first day immediately following the end of the three-month period, or such other period specified in Treasury Regulation Boeing-sponsored program eligibility may differ for subsidiaries, certain business unit programs and union-represented employees. Depending on your role, you could earn a cash bonus when Boeing meets its financial and business goals, or be rewarded when you and the company perform well. Supplemental Workers' Compensation. for such Offering of the Non-423 Component. SEC Filing RSS Feed. Fractional share certificates are not issued. Your dividends are delivered to your broker, bank, or other nominee, who distributes the dividends to you. not affect any other compensation or incentive plans in effect for the Company or any Subsidiary or Affiliate, except to the extent required by law. Our Compensation Philosophy Incentive Pay: Rewarding Performance Recognition: Celebrating Your Career Boeing Employee Stock Purchase Plan With respect to each Offering, enrollment by an Eligible Employee in the Plan as of the first day Or, I could save my HSA money to use in the future even in retirement. versatility in the company The Boeing Company offers a Dividend Reinvestment and Optional Cash Purchase Plan administered by Boeing's transfer agent, Computershare ("Computershare Plan") for shareholders of record. Terrible executive leadership who lines their own pockets with huge bonuses and stock options and could care less about all the individual contributors who make that possible. Market data provided, powered, and implemented by TickerTech.com. In some cases, a holding period will be required for the purchased stock in order to receive favorable long-term capital gains tax treatment on . account established and maintained by the Company to which shall be credited pursuant to Section6.1(c) amounts received from Participants for the purchase of Common Stock under the Plan. Component, on a uniform and nondiscriminatory basis or as otherwise permitted by Treasury Regulation Section1.423-2), that the definition of Eligible Employee shall be subject to alternative eligibility Copyright 20082023, Glassdoor, Inc. "Glassdoor" and logo are registered trademarks of Glassdoor, Inc. Former N/C Planning-Programming airplane parts in Saint Louis, MO, Missouri. The Committee may good health care Well reward your contributions to our success. International: 1-781-575-2879, Correspondence should be mailed to: Toll Free: 1-888-777-0923 If a Participant terminates employment for any reason, or if the entity that employs a participant ceases to be a Participating Subsidiary or Affiliate, as the case may be, Instead, the "street name" of your broker, bank, or other nominee who holds the shares for you appears on our records; you are the beneficial owner of the shares. Why did I not receive a 1099-DIV this year? (a)Authorized Shares. Individuals that transfer outside the United States, become Eligible Employees of the The Company shall be under no obligation to any Participant to register for offering or resale or In the 3 for 2 splits, a shareholder who had an odd number of shares . credited to the Participants Account. A. Computershare Investor Services acts as transfer agent and registrar for Boeing shareholders. We offer a wealth of plans and programs that can help you live a great life. Copyright 1995 - 2019 Boeing. For those dates that fall on a weekend no data is available. paid to any Participant or credited to their Account under the Plan with respect to such funds, unless otherwise required by the laws of the jurisdiction where the payroll deductions or other contributions are made, as determined by the Committee. Please visit the Contact Us page or call 312-544-2140. Stress, Rework, Prioritizing metrics over everything, ignoring employees feedback, relatively low salary for industry and surrounding areas, no stock awards, the company continues to reduce its workforce and allocate the remaining work to the employees left behind. Compensation. Equity Incentive Plan. Credits to an Eligible Employees Account shall be made by payroll deduction or by other alternate payment Please note that any opinions, estimates, or forecasts regarding Boeings performance made by these analysts are theirs alone and do not represent opinions, forecasts, or predictions of Boeing or its management. There is no such thing as linear growth, and assuming linear growth, of course we don't want to purchase weekly. Option to comply with Section409A of the Code. Section6.1(a). lots of travel opporuntity The Plan includes two components: (a) a component intended to qualify as an employee stock purchase plan The Purchase Price per share of Common Stock to be paid by each Participant on each Their 'Zero tolerance policy ' is not enforced at all. payable to any Participant, and no Participant shall have any rights that are greater than those of a general unsecured creditor of the Company. The program is available to your eligible covered family members, including children, at no cost. then to the extent practicable, no further amounts shall be credited to the Participants Account from any pay due and owing with respect to the Participant after termination of employment. of Section414(q) of the Code, or subject to the disclosure requirements of Section16(a) of the Securities Exchange Act of 1934, each such eligibility requirement to be applied with Common Stock which may be issued under the Plan may be either authorized and unissued shares or issued shares which have been reacquired by the Company (in the open market or in private transactions) and which are being held as Our best-in-class benefits and programs set us apart and help you and your family live great lives. An Eligible Employee may stop the periodic credits to their Account for future periods by filing a new election amount at any time during an Offering Period. As of March 20, 2020 Boeing has suspended its dividend until further notice. When you participate in the Boeing 401(k), youll have access to investment advice, including: Advisory services are provided only by Financial Engines Advisors L.L.C., a federally registered investment advisor. Notwithstanding the foregoing, the Company and any of its Subsidiaries or Affiliates shall have no obligation to reimburse, indemnify or hold harmless a Participant or any other party if an Option Many employees mentally give up on trying hard. How you save now has a big impact on your financial future. in the Boeing 401(k). Computershare Investor Services also distributes dividends to registered shareholders. reliable for a single trading day. Section6. Total Brain*: Find short learning videos, guided meditation and other training exercises that can help you manage stress and increase your positivity, focus and attention. The adoption of the Plan shall Benefits are good - but getting worse year-over-year. 5.1Initial Eligibility. Offering Period, the last day of which shall be the Purchase Date for such Purchase Period. If you elect to reinvest your dividends, you may also make "optional cash investments" (minimum of $50.00). Reviewed by: Systems Engineering (Current Employee). Creating the world's most innovative aerospace products and services requires a diverse and inclusive global team. any regular employee of the Company or a Participating Subsidiary or Affiliate who does not, immediately after the first day of an Offering Period, own (within the meaning of Section423(b)(3) and 424(d) of the Code) stock possessing 5% or more My Tuition.io coach is helping me get smarter about my student debt. No Eligible Employee will be permitted to purchase more than 2,000 shares of Common Amount of required overtime can be excessive although it is well paid. 2 for 1 (or 100%) --. to a change in the designation thereof to Capital Stock or other similar designation, or to a change in the par value thereof, or from par value to no par value, without increase or decrease in the number of issued shares, the shares Reviewed by: Machinist in Puyallup, WA (Current Employee), Stingy with pay increases & promotions Fair Market Value means the average of the high and low per share trading prices (or the average of the opening and closing per share How can I contact Boeings Investor Relations? How can I elect to have my dividends direct deposited? #TeamBoeing air safety investigator, and former Royal Air Force member, Chris Gray, explains how even a 1% difference in the way we think about safety will help us see real change. Authorized Officer means the Companys chief human The aggregate number of shares of Common Stock which may be sold pursuant to Offerings under the The Boeing Company Global Stock Purchase Plan . Computershare is Boeing's transfer agent: Computershare Investor Services. If your shares are registered in "street name," your name does not appear anywhere in the Company's shareholder records. If you hold less than 50 shares, dividend checks will be sent to you through the mail or, you can receive your dividend checks faster by choosing Direct Deposit of Dividend Checks. In the 3 for 2 splits, a shareholder who had an odd number of shares before the split was sent a check for the value of one half of a share. To the extent the Plan or any instrument evidencing an Award provides for issuance of stock certificates to reflect the issuance of shares of Common Stock, the issuance may be effected on a noncertificated basis, to the extent not It said the stock awards will go to about 82,000 employees and will vest in three years, provided the employee . Neither amounts credited to a Participants Account nor any rights with respect to the exercise And once I turn 55, I can set aside an additional $1,000. Boeing and Computershare Investor Services do not have records of beneficial owners of Boeing stock. Date to the extent that the amounts then credited to the Participants Account under the Plan are used to purchase Common Stock. Glassdoor is your resource for information about the 401K Plan benefits at Boeing. Average pay, no stock options. #TeamBoeing air safety investigator, and former Royal Air Force member, Chris Gray, explains how even a 1% difference in the way we think about safety will help us see real change. One of the investment options offered by the Plan is the VIP Stock Fund, an employee stock ownership plan (ESOP), which invests in shares of Boeing stock, and whichas of Dec. 31, 2018, held $10.8 billion in Boeing stock, accounting for 18.6% of net plan assets. All answers shown come directly from Boeing Reviews and are not edited or altered. Get started with your Free Employer Profile, Engineering Support Technician in San Antonio, TX, Contracts Procurement Agent in Everett, WA. Any individual who is an Eligible Employee on the first day of an Offering Period will be They assign unreasonable statements of work and then give you bad performance reviews. Its one more way Im preparing for tomorrow today. See More. The clinical information contained in the information is intended as a supplement to . Exhibit 99.1 . If you were a shareholder of KLX Inc. as of September 14, 2018, the Form 8937 related to the spinoff of KLX Energy Services Holdings, Inc. can be found here. Read More, Reviewed by: Engineering Support Technician in San Antonio, TX (Former Employee), Starting wage for a new college graduate with no experience is high. existing, that is in an unbroken chain of corporations beginning with the Company if, on an Offering Date, each of the corporations other than the last corporation in the unbroken chain owns stock possessing 100% of the total combined voting power A Participant who transfers to the U.S. and is no longer on a non-U.S. payroll of the Company or a Leadership desperately needs to embrace and perfect the skill of Listening. Eligible Compensation means the following types of earnings paid to an Eligible Employee for their service on behalf of the Company or a Boeing also provides employees and other stakeholders detailed procedures to ensure compliance with the U.S. Foreign Corrupt Practices Act and other global anti-corruption laws and regulations; requires annual training related to ethics and compliance; and provides guidance and instructions on various reporting mechanisms. Overnight Correspondence should be mailed to: Replace Senior Management and junior executives and put a REAL emphasis on safety! Nothing contained herein shall require the Company to segregate any monies or other property, or shares of Common Stock, or to create any trusts, or to make any special deposits for any immediate or deferred amounts A TOXIC culture that places profit, schedule, stock prices, and executive bonuses ahead of, Terrible executive leadership who lines their own pockets with. PO Box 43006. No adjustments to outstanding Options will be made for dividends paid in the form of stock. After all, Medicare wont cover everything, and I dont want a big medical expense to derail my dreams.*. RSS is an easy way to be notified about updated content on a website. Please visit the Events section for the latest information on Boeing's next earnings announcement. Please visit the Transfer Agent page for Computershares contact information. Instead of having to visit a particular website, RSS will automatically send a notification when the subscribed section has been updated. equity thereof, which does not meet the requirements to be a Subsidiary. provided, however, that no amendment that would amend or modify the Plan in a manner requiring shareholder approval under Section423 of the Code, the requirements of any securities exchange on which the shares are traded or other applicable Securities Act of 1933 or the laws of any state or foreign jurisdiction) and the applicable requirements of any securities exchange or similar entity. of Section4.1 regarding the number of shares of Common Stock reserved for issuance under the Plan and Section6.2(b) regarding the Purchase Price, but unless otherwise superseded by the terms of such The Boeing EAP provides up to six confidential counseling sessions per issue per year for each covered individual. you make airplanes Sporadic hiring freezes. less than two years; (b)are customarily employed 20 hours or less per week; (c)are not customarily employed more than five months in any calendar year; or (d)are a highly compensated employee, within the meaning. or privileges of a shareholder, with respect to the number of shares of Common Stock subject to an Option, unless and until the Participants Option is exercised pursuant to the Plan and the shares purchased by the Participant have been Boeing is awarding non-union employees shares in company stock instead of pay raises. Information reflecting prices is not a quotation or offer to sell or purchase. same manner as the 423 Component. reference to the Fair Market Value of a share of Common Stock on the Offering Date) for each calendar year in which any Option granted to the Eligible Employee is outstanding at any time. If you are a registered shareholder of Boeing stock, your name appears in the Company's shareholder register kept by Computershare Investor Services. The 423 Component of the Plan is All answers shown come directly from Boeing Reviews and are not edited or altered. Plan, subject to adjustment as provided in Section7.2, shall not exceed 12,000,000 shares. When are the next quarterly financials released? The or to continue in effect any such registrations or qualifications if made. This is the employer's chance to tell you why you should work for them. Glassdoor is your resource for information about the Employee Stock Purchase Plan benefits at Boeing. A Participant who transfers outside the U.S. and is no longer on a U.S. payroll of the Company or a The discount is taken on the average of the high and low trading prices of Boeing stock on the applicable purchase date. employee while the individual is on military leave, sick leave or other leave of absence approved by the Company or a Participating Subsidiary or Affiliate or is legally protected under applicable laws. This employer has claimed their Employer Profile and is engaged in the Glassdoor community. As current practice allows two business days for delivery of stock in a regular transaction on the NYSE, the Exchange would declare the stock "ex-dividend" as of the opening of the market on the preceding Thursday. Subsidiary means any Subsidiary designated by the Committee from time to time as eligible to participate in the 423 Component of the Plan, and that adopts the Plan as a Participating Subsidiary. Welcome Boeing employees and retirees. Each person who is or shall have been a member of the Board, or a committee appointed by the Board, Participant means an Eligible Employee who has complied with the provisions of Section6.1(b). Computershare provides direct deposit of your dividends at no cost to you. Were hiring experienced production, mechanical, structural, electrical, systems, and software engineers to join our Missile Weapons Systems team in the greater St. Louis area. Toll Free: 1-888-777-0923. International: 1-781-575-2879. Sure, if I need care, Ill have a larger deductible to meet. After the stock is transferred to your name, an account will be established for you at Computershare. income and payroll withholding taxes imposed by any jurisdiction), the Committee may implement appropriate procedures to ensure that such tax withholding obligations are met. You can schedule an appointment in person or virtually. If you require hard copies of any materials you may visit the Request Reports page or submit a request through the Contact Us page. Correspondence should be mailed to: Computershare. Common Stock means the common stock, par value $5.00 per share, of the Company. Personalized financial planning support. * These stories were inspired by Boeing employee experiences and are not testimonials. Participants Account that have not been used to purchase Common Stock shall be returned to the Participant (or the Participants estate, in the event of the Participants death). When you call the Boeing EAP, provided by Beacon Health Options, your call will be answered by a licensed mental health counselor. Safety reporting nearly quadruples when teammates speak up. (d)Purchase Limitations. New for 2023! in compensation every year to Now that I have a long-term plan, I use the online tools to make sure Im staying on track and that my payment plan is still the best strategy for me.*. To the extent inconsistent with the requirements of Section423, any such sub-plan shall be considered part of the Non-423 Component, and rights granted thereunder shall not be required by the terms of the Plan to comply with Section423 of the requirements, consistent with the eligibility requirements permitted under Section423 of the Code. (a)the maximum number and kind of securities available for issuance under the Plan, (b)the aggregate maximum number and kind of securities that may be issued with respect to any Offering Period, (c)the number and kind of securities such other period of time specified in Treasury Regulation Section1.421-1(h)(2), and the individuals right to re-employment is not guaranteed by statute or My Health Savings Account helps me prepare for the future. Base Pay, Incentives & Recognition. Overall, it's a horrible company to work for unless you enjoy being lied to, misled by senior leadership, and covering up clearly illegal activity. Where can I get Boeings historical Annual Reports? An array of health and insurance benefits to help you and your family be well. Subsidiary means any corporation (other than the Company), domestic or foreign, whether now or hereafter Boeing has a compensation and benefits rating of 3.9. or deliver any shares of Common Stock under the Plan unless, in the opinion of the Companys counsel, such issuance, delivery or distribution would comply with all applicable laws (including, without limitation, the requirements of the Tools to help you reach your goals, manage life events and develop fulfilling relationships. necessary or desirable for compliance by the Company with federal, state and foreign securities laws. When you go above and beyond, your manager may have options for recognizing your contributions. To receive notifications via email, enter your email address and select at least one subscription below. No interest will be We'll reward your contributions to our success. Upon exercise of an Option by a Participant pursuant to Section6.2(a), the Company shall cause whole and/or fractional shall be used to purchase at the Purchase Price whole and/or fractional shares of Common Stock subject to the Option. 5.2Leaves of Absence. You can receive your dividend checks faster, avoid the risk of your dividend checks being lost in the mail and eliminate the inconvenience of having to endorse and deposit your paper dividend checks in your bank account by signing up for direct deposit of your dividends. 2% stock dividend (1 share for each 50 shares), 4% stock dividend (1 share for each 25 shares). Stress, Rework, Prioritizing metrics over everything, ignoring employees feedback, relatively low salary for industry and surrounding areas, no stock awards, the company continues to reduce its workforce and allocate the remaining work to the employees left behind. 9.4No Trust or Fund. Hinge Health is available only to employees and covered dependents who are enrolled in a Boeing-sponsored medical plan option administered by Blue Cross and Blue Shield of Illinois (BCBSIL). If any provision of the Plan or any Option is determined to be invalid, illegal or unenforceable in any You must make your initial stock purchase through a broker. Connect with a health coach or licensed therapist through a desktop computer or via the mobile app for audio or video coaching. Are you a go-it-alone person who prefers to work out at home, or do you enjoy in-person classes and being around others at the gym? If chronic back or joint pain is keeping you from being as active as youd like, our Hinge Health program can help you heal. Account means the You receive dividend checks written on the Boeing account with Computershare Investor Services, or Direct Deposit of your dividends to your bank account through the Automated Clearing House, or you may qualify to have your dividends reinvested through the Dividend Reinvestment and Stock Purchase Plan administered by Computershare Investor Services.

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