The stock plan allows U.S. employees to use accumulated after-tax payroll deductions to purchase Boeing Company stock at a discount. Account for each Participant to reflect the whole and fractional Common Stock purchased under the Plan by the Participant. As of March 20, 2020 Boeing has suspended its dividend until further notice. Time Off. In the 3 for 2 splits, a shareholder who had an odd number of shares . Overnight Correspondence should be mailed to: Adjustments. SEC Filing RSS Feed. High company overall turnover is extremely expensive and you lose a wealth of valuable knowledge. Its one more way Im preparing for tomorrow today. prohibited by applicable law or the applicable rules of any stock exchange. A TOXIC culture that places profit, schedule, stock prices, and executive bonuses ahead of safety. Employee may purchase with up to 15% of the Eligible Compensation he or she receives during the Offering Period (or during any portion of the Offering Period as the Eligible Employee may elect to participate). 5.1Initial Eligibility. a Purchase Date in accordance with procedures established by the Company, of a Participants request for such a refund. No interest will be Overtime, Premiums . When are the next quarterly financials released? lots of travel opporuntity Eligible Compensation means the following types of earnings paid to an Eligible Employee for their service on behalf of the Company or a to the Company, whether the existence of such successor is the result of a direct or indirect purchase, merger, consolidation, or otherwise, of all or substantially all the business and/or assets of the Company. Next, simply follow the instructions for the particular RSS reader being used. Please visit the Contact Us page or call 312-544-2140. Such Eligible Employees may participate in an Offering of the Non-423 Component that begins on or after such Insurance, Health & Wellness Financial & Retirement Family & Parenting Vacation & Time Off Perks & Discounts Professional Support Insurance, Health & Wellness Health Insurance 4.3 678 Ratings Employer Verified Dental Insurance 4.1 Boeing does not by listing these analysts below imply its endorsement of or concurrence with such information, conclusions, or recommendations. you make airplanes 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 The buyer of an ex-dividend stock is not entitled to the next dividend payment. sub-plan, the provisions of this Plan shall govern the operation of such sub-plan. Advisory services may include a fee. Upon exercise of an Option by a Participant pursuant to Section6.2(a), the Company shall cause whole and/or fractional And once I turn 55, I can set aside an additional $1,000. *, Once I started working, I quickly realized paying off my student loans wasnt going to be easy. Each person who is or shall have been a member of the Board, or a committee appointed by the Board, 3.3Eligible Employees Outside the United States. The seller of the stock would receive it. Read More, Reviewed by: Contracts Procurement Agent in Everett, WA (Former Employee), Extremely stressful, induced a stress eating culture. 9.6Severability. Used with permission. Our compensation programs are designed to pay you competitively. Effective Date means April29, 2022, the date on which the Plan was approved by the By Scott Bishop and Tom Mountain If you own stock that you purchased from the Boeing Employee Stock Purchase Plan, you may be able to gain some tax benefit from an election that the IRS allows for employee shareholders. transfer date by entering into an electronic election to participate and a payroll deduction authorization. Average pay, no stock options. Sporadic hiring freezes. . The Committee shall have discretion to determine the application of the definition to Participants outside the United States, and in accordance with the requirements of Section423 of the 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 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 If you hold shares through a broker please contact your broker. Purchase Date shall be an amount specified by the Committee in advance of each Offering, which amount may be no less than 85% of the lower of (i)the Fair Market Value of a share of Common Stock on the Offering Date and (ii)the Fair 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. Boeing Financial Benefits Service Center 1-866-422-3539 Representatives are available Monday-Friday (except most New York Stock Exchange holidays) from 8:30 a.m. to midnight . Boeing Employee Stock Purchase Plan 278 employees reported this benefit 4.0 1 Rating Available to US-based employees Change location Employee Comments Showing 1-1 of 1 Aug 29, 2015 4.0 Former N/C Planning-Programming airplane parts in Saint Louis, MO, Missouri It was good, and probably pretty standard for large corporations. Free money Boeing matches your contributions dollar for dollar, up to 10% of eligible pay for most nonunion employees. Such Eligible Employees may participate in an Offering of the 423 Component that begins on or Have questions about working at Boeing? The provisions of the Plan Please visit the Stock Split section for a complete history of Boeings stock splits. Our compensation programs are designed to pay you competitively. They assign unreasonable statements of work and then give you bad performance reviews. The Boeing Stock Fund is set up as an ESOP, which is an Employee Stock Ownership Plan. Purpose of the Plan . Anyone who bought it on or after that Thursday would not be entitled to that dividend. Subject to the limitation in 6.1(a), on each Purchase Date, the entire Account of each Participant Computershare A 98% term over in just under a year should give you insight that perhaps that manager shouldn't be in management. 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. restrict in any way the right or power of the Board or the shareholders of the Company to make or authorize (a)any adjustment, recapitalization, reorganization or other change in the Companys or any subsidiarys capital structure or Your response will be removed from the review this cannot be undone. of the total combined voting power or value of all classes of stock of the Company or any Subsidiary. Offerings, Participation and Payroll Deductions. My Tuition.io coach is helping me get smarter about my student debt. Safety reporting nearly quadruples when teammates speak up. When you go above and beyond, your manager may have options for recognizing your contributions. good health care This includes the headlines, summaries and links to the full article on the website. It has the ability to make owners out of your employees, allowing them to invest in the future of the company as well as their own future. The clinical information contained in the information is intended as a supplement to . Ways to refresh and recover, or care for your personal needs. Employee Comments Showing 1-10 of 131 Jan 7, 2023 3.0 Current Site Leader in nullnull How can I elect to have my dividends direct deposited? The Boeing Company Global Stock Purchase Plan . Subject to the limitation in Section6.1(a), all amounts credited to a Participants Account shall be used to purchase Common Stock; provided, however, a Participants Account may be refunded to them on receipt by the Company prior to Offering Period means each period designated by the Committee as further described in Section6.1(a). I contribute pre-tax dollars, and I wont be taxed when my balance grows. A qualified 423 employee stock purchase plan allows employees under U.S. tax law to purchase stock at a discount from fair market value without any taxes owed on the discount at the time of purchase. Relocation assistance is available. 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. COVID-19 vaccines and booster shots are free to Boeing employees and their families in the U.S. To learn more about where to get a COVID-19 vaccine, visit www.vaccines.gov. 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. Your broker can then transfer the shares to you, so that the stock will be held in your name, as opposed to the broker's name. 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 Boeings benefits are designed to help you thrive. Beneficial shareholders should contact their brokerage firm or bank to elect to receive electronic delivery of their shareholder materials. In order to participate, you must make your initial purchase through a broker. Whether it's about compensation and benefits, culture and diversity, or you're curious to know more about the work environment, find out from employees what it's like to work at Boeing. After all, Medicare wont cover everything, and I dont want a big medical expense to derail my dreams.*. misconduct or except as expressly provided by statute. Ways to refresh and recover, or care for your personal needs. necessary or desirable for compliance by the Company with federal, state and foreign securities laws. Available to US-based employeesChange location. Account means the Read More, Reviewed by: Manufacturing Planner (Former Employee). 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.*. 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. Many employees mentally give up on trying hard. You can invest in Boeing stock at a discount by participating in the Boeing Employee Stock Purchase Plan (BESPP). How do I get a copy of the Annual Report and/or other SEC filings? Section1.421-1(h)(2). eligible to participate in the Offering commencing on such date, subject to the terms and conditions of the Plan. employee of or be employed by the Company or a Participating Subsidiary or Affiliate for any Offering only if such individual is treated by the Company or such Participating Related Company as its employee, including, in the The VIP offers a convenient and flexible way to help eligible employees save for their retirement. Participating Boeings transfer agent is Computershare. In its absolute discretion, the Board may at any time and from time to time exercise any and all rights and duties of the Committee under the Plan. To obtain more information about the Computershare Plan or to enroll in Direct Deposit of your dividends, please contact Boeings Transfer Agent, Computershare. Lack of racial diversity in the management, especially at the executive level. Well reward your contributions to our success. A Participant who transfers to the U.S. and is no longer on a non-U.S. payroll of the Company or a The controversy arose in the wake of a series of plane crashes that were later . Participant means an Eligible Employee who has complied with the provisions of Section6.1(b). 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. 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. If you elect to reinvest your dividends, you may also make "optional cash investments" (minimum of $50.00). Instead of having to visit a particular website, RSS will automatically send a notification when the subscribed section has been updated. Opportunities for continuous learning, development and growth. The most effective way to prevent serious illness or death due to COVID-19 is to get vaccinated. Boeing Employee Stock Purchase Plan, reported anonymously by Boeing employees. When discrimination occurs by a manager, the zero tolerance policy should be enforced - in particular when the federal government files formal charges of discrimination and internal EEO substantiates the claim. Dividend Data: These figures reflect actual dividends; they have not been adjusted for subsequent stock splits. great work-life balance Glassdoor is your resource for information about the Employee Stock Purchase Plan benefits at Boeing. 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. an opportunity, at its own expense, to handle and defend such claim, action, suit or proceeding before they undertake to handle and defend the same on their behalf, unless such loss, cost, liability or expense is a result of their own willful It was good, and probably pretty standard for large corporations. Helpful Report The "Company," as used throughout this booklet, refers to The . The Company makes no representation that any Option to purchase Common New for 2023! same manner as the 423 Component. How many absolute shares are outstanding? any and all amounts paid by them in settlement thereof, with the Companys approval, or paid by them in satisfaction of any judgment in any such claim, action, suit or proceeding against them; provided, however, that they shall give the Company But I can use the tax-free money Boeing contributes to my Health Savings Account (HSA) to pay any medical bills. Try these Emotional Well Being resources. of an Option or to receive shares of Common Stock under the Plan may be assigned, transferred, sold, exchanged, encumbered, pledged, or otherwise hypothecated or disposed of by a Participant other than by will or the laws of descent and Louisville, KY 40202. Want to work on next-generation defense technologies? 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. (f)any other corporate act or proceeding by the Company or any subsidiary. Boeing Investor Relations 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. 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. trading prices, or the closing trading price, if so determined by the Committee) for the Common Stock on the New York Stock Exchange during regular session trading as reported by The Wall Street Journal or such other source the Committee deems In order to enroll in an ESPP, it is beneficial to first educate yourself on eligibility, deduction, and taxation. Copyright 1995 - 2019 Boeing. The 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 ownership interest in the Company.