Boeing hands $5.3 million incentive to chief executive

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(Reuters) – Boeing (NYSE:BA) is handing Chief Executive Dave Calhoun stock worth approximately $5.29 million to induce him to stay throughout the company’s recovery period.

Boeing’s board of directors on Feb. 16 approved giving 25,000 in restricted stock units to Calhoun, which will vest in two installments on the first and second anniversary of the grant, according to regulatory filings by the company published on Friday.