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David L. Calhoun is the President and CEO of Boeing, a major player in the aerospace industry. He stepped into this role in January 2020, bringing a wealth of experience from his time at companies like Nielsen and General Electric,...

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David L. Calhoun

Ex-CEO of Boeing

Education

N/A

Field of Expertise

Business & Management

Sector of Economy

Industrials

Born

May 12, 1961 - 63 years ago

CEO of Boeing for

4 years 6 months (Jan 2020 - Aug 2024)

Previous Experience

Senior Managing Director at The Blackstone Group

Holdings

See how much did David L. Calhoun make over time.

As of 2023, David Calhoun owns about 166,415 shares of Boeing, valued at around $43.4 million. His commitment was evident when he matched his purchase of 25,000 shares with the same number of restricted stock units (RSUs) in 2022, linking...

Insider Trading

See recent insider trades of David L. Calhoun.

BA

30,894 shares

BA

Mar 11, 2024

Received

CAT

$169.84K

CAT at $243.32/share

Jun 14, 2023

Received

BA

69,612.657 shares

BA

Feb 16, 2023

Received

BA

$3.98M

BA at $159.17/share

Nov 4, 2022

Purchase

CAT

$187.52K

CAT at $229.80/share

Jun 8, 2022

Received

BA

39,084.054 shares

BA

Feb 16, 2022

Received

CAT

683 shares

CAT

Mar 1, 2021

Received

BA

37,089 shares

BA

Feb 17, 2021

Received

CAT

1,176 shares

CAT

Mar 2, 2020

Received

BA

36,830 shares

BA

Feb 24, 2020

Received

Compensation History

See how much did David L. Calhoun make over time.

In 2023, David Calhoun's total compensation was $32.7 million, a reflection of his extensive experience and leadership at Boeing. His package included a base salary of $1.4 million, but he notably declined any bonuses for the year due to an unfortunate airline accident. He received 44,613 RSUs that will vest over time, valued at $9.56 million, aligning his pay with the company's performance. In 2022, Calhoun's compensation amounted to $22.5 million, with significant bonuses based on performance metrics. His overall compensation strategy emphasizes performance-based pay and alignment with long-term shareholder interests. Through his generous stock awards and ownership, he ensures that his goals as CEO directly connect with the company’s success and shareholder value, underscoring his commitment to Boeing’s future.

Year

2023

Total Compensation

$12.10M

Salary

$1.40M

Board Justification

The compensation philosophy emphasizes alignment with long-term shareholder value, with a significant portion of pay being performance-based and tied to company performance metrics.

Bonus

$0.00

Board Justification

Mr. Calhoun declined to be considered for any annual incentive payout for 2023 following the Alaska Airlines accident, resulting in a payout of $0.

Other

$1.14M

Board Justification

Other compensation includes perquisites such as use of Company aircraft, tax preparation services, and contributions to retirement plans.

Restricted Stock

$9.56M(44K RSU)

Board Justification

The vested stock includes 44,613 RSUs granted on February 16, 2023, which will vest on the third anniversary of the grant date, provided the executive remains employed through the vesting date.

Performance Metrics

The performance metrics for 2023 included financial and operational performance, with a focus on safety and quality improvements.