Boeing Co. has approved a $5.3 million incentive to retain Chief Executive Officer Dave Calhoun, reflecting the board’s “confidence in Mr. Calhoun’s strong leadership.” The grant consists of 25,000 restricted stock units, with the award vesting in two equal parts over the next two years.
The move is a vote of confidence in Calhoun, indicating that the board doesn’t plan to seek new leadership at least until the middle of the decade. Calhoun joined the planemaker in 2020 after two fatal 737 Max crashes, and he has guided the company’s recovery, dispelling questions over succession.
