Likely the vesting of that restricted stock on Dec 14, 2023 will be minor drag on BA shares before and for a time after the upcoming vesting date. It's not like Boeing has given anyone a recent reason to pile into more dividend-less shares.
"As Boeing scrambles to conserve cash in the dramatic aviation downturn, CEO Dave Calhoun told nonunion employees Wednesday the company has this month given them shares of company stock instead of pay raises."
--- "Boeing said it awarded the stock Monday to about 82,000 employees, excluding executives and those engineers, machinists and others whose pay is determined by union contracts.
The stock will vest in three years, on Dec. 14, 2023, provided the employee doesn’t leave the company through that date.
However, according to an internal company memo, if an employee is laid off or accepts a voluntary buyout in that period, they will keep a proportion of the allocated shares: one-third if leaving in the first year, two-thirds in the second year and all of the shares in the third year.
The amount of shares granted depends on the employment level. According to the internal memo, managers will get 100 shares, which today are valued at about $226 each.
Senior nonmanagerial employees get 75 shares, worth almost $17,000 today; lower level salaried employees 50 shares, worth just over $11,000; and non-union hourly employees 25 shares, worth about $5,600."
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