STOCK QUOTES     More market data...

Q&A | How the Boeing plan works

E-mail this article Print this article Search archive Most read articles Most e-mailed articles

Related stories Boeing workers ready to catch stock windfall Other links Boeing ShareValue Trust

A: Former Boeing CEO Phil Condit established the ShareValue Trust in 1996, saying it would motivate all Boeing workers to perform better and, in turn, boost the company's stock price.

Q: What's in it for me?

A: The trust will distribute shares of Boeing stock to all qualifying employees if the share price averages more than $44 during today's trading on Wall Street.

Anyone who worked at Boeing from July 1, 2000, to today automatically is a participant in the ShareValue Trust. Workers who were at Boeing continuously during the four-year-period will receive a full distribution; at yesterday's closing stock price of $50.51, that would be 16.5 shares worth $833.41

People who worked at Boeing for only a portion of the four years would receive a smaller distribution that would depend on their total months of service.

Q: Do workers with the most seniority get the largest cut?

A: No. Boeing purposely set up the ShareValue Trust so that all workers would benefit equally, regardless of their rank. The exception is executives, who take part in a separate stock-incentive plan.
 
Q: How do I know what I'm getting, if anything?

A: Eligible employees should have received a letter from Boeing earlier this month verifying their months of service.

If a stock distribution takes place, trust participants will receive a letter in mid-August detailing the number of shares they've received, along with instructions on what to do, whether they want to hold or sell them. Any partial shares of stock will be converted into cash and paid out through the normal payroll process.

Q: Are additional payouts possible in the future?

A: The ShareValue Trust actually consists of two pools of stock. Each pool has a potential payout date every four years; the dates are staggered so that one of the two pools comes up every two years. Thus, the next opportunities for payouts are in 2006, 2008 and 2010.

Q: Where can I get more information?

A: Boeing has a Web site with background information on the ShareValue Trust. No passwords are required, and it is not necessary to be on Boeing's corporate intranet to access the information.

Go to www.boeing.com/share.