BXP, Inc. SEC Filings

BXP, Inc. reported that its Chief Executive Officer, who also serves as a director, received a grant of 211,864 LTIP Units in Boston Properties Limited Partnership under the company’s 2025 Outperformance Plan. These partnership units can later convert into common operating partnership units and ultimately into cash or shares of BXP common stock, linking the award to shareholder value.

The number of LTIP Units earned depends on how the dividend-adjusted closing price of BXP’s stock performs over a four-year period ending December 22, 2029, with performance tiers from $90.00 to $118.00 and payouts increasing in 12.5% steps at each tier. The award also has time-based vesting, with one-third vesting on the second anniversary of the grant date and the remaining two-thirds vesting over the third and fourth years, subject to continued service and meeting the stock-price performance conditions.

BXP, Inc. reported a new equity award for its EVP and Chief HR Officer under the company’s 2025 Outperformance Plan. On 12/22/2025, the officer received 16,949 LTIP Units in Boston Properties Limited Partnership, the operating partnership of BXP, which are performance-based and have no expiration date.

These LTIP Units can convert into common operating partnership units, which may then be redeemed for cash equal to the fair market value of one share of BXP common stock, or exchanged for shares at the company’s election. The award is tied to stock price performance over a four-year period ending December 22, 2029, with eight price tiers between $90.00 and $118.00 determining how many units are earned, from 12.5% at $90.00 up to 100% at $118.00. Vesting is also time-based, with one-third vesting on the second anniversary of grant and the remaining two-thirds vesting over the third and fourth years, subject to continued service and performance conditions. Following this grant, 41,998 derivative securities are shown as beneficially owned directly.

BXP, Inc. reported an insider equity award for its Executive Vice President on a Form 4. On 12/22/2025, the executive received 59,322 LTIP Units of Boston Properties Limited Partnership under the company’s 2025 Outperformance Plan. These partnership units can convert into common partnership units and then be redeemed for cash equal to the value of one share of BXP common stock, or exchanged for one share at the company’s election.

The number of LTIP Units ultimately earned depends on BXP’s dividend-adjusted share price performance over a four-year period ending December 22, 2029, with performance tiers between $90.00 and $118.00. The units also vest over time, with one-third vesting on the second anniversary of the grant and the remainder vesting over the third and fourth years, subject to continued service and achievement of the performance goals.

BXP, Inc. reported that its EVP and CFO received a grant of 72,034 LTIP Units, a form of performance-based equity, under the company’s 2025 Outperformance Plan. These units are limited partnership interests in Boston Properties Limited Partnership that can convert into common OP units and then be redeemed for either cash equal to the fair market value of BXP common stock or, at BXP’s election, shares of its common stock.

The award can be earned over a four-year performance period ending December 22, 2029, based on the dividend-adjusted share price reaching performance tiers between $90.00 and $118.00. At $90.00, 12.5% of the LTIP Units are earned, increasing by 12.5% at each $4.00 step, up to 100% at $118.00. The units also have time-based vesting, with one-third vesting on the second anniversary of the grant date and the remaining two-thirds vesting ratably over the third and fourth years, subject to continued service and achievement of the performance conditions.

BXP, Inc. reported that an Executive Vice President received a grant of 42,373 LTIP Units in Boston Properties Limited Partnership under the company’s 2025 Outperformance Plan. These partnership units can later convert into common OP units and ultimately into cash or one share of BXP common stock per unit, if specified conditions are met. The units are earned based on the appreciation of BXP’s dividend-adjusted stock price over a four-year period ending December 22, 2029, with eight performance tiers between $90.00 and $118.00, and higher tiers earning a larger percentage of the award. The LTIP Units also follow a time-based vesting schedule, with one-third vesting on the second anniversary of the grant and the remaining two-thirds vesting over the third and fourth years, subject to continued service and performance. After this grant, the reporting person beneficially owned 91,647 derivative securities.

BXP, Inc. reported an equity award for an Executive Vice President through a performance-based long-term incentive plan. On 12/22/2025, the officer received 42,373 LTIP Units in Boston Properties Limited Partnership under the company’s 2025 Outperformance Plan. These units can convert into partnership common units and ultimately into cash or one share of BXP common stock per unit, at the issuer’s election, if conditions are met.

The award is tied to share-price performance over a four-year period ending December 22, 2029. Eight performance tiers range from $90.00 to $118.00 per share; achieving higher tiers increases the percentage of LTIP Units earned from 12.5% up to 100%. The units also vest over time, with one-third vesting on the second anniversary of the grant date and the remaining two-thirds vesting ratably over the third and fourth years, subject to continued service and performance achievement.

BXP, Inc. reported that its president and director received a grant of 148,305 LTIP Units in Boston Properties Limited Partnership under the company’s 2025 Outperformance Plan. These LTIP Units can convert into an equal number of common partnership units, which may then be redeemed for cash equal to the value of one share of BXP common stock or, at the company’s election, one share of its common stock.

The number of LTIP Units ultimately earned depends on how BXP’s dividend-adjusted stock price performs over a four-year period ending December 22, 2029, across eight tiers from $90.00 to $118.00, with 12.5% of the award earned at $90.00 and 100% at $118.00 once a tier is met for 20 consecutive trading days. The award also has time-based vesting: one-third vests on the second anniversary of the grant date, and the remaining two-thirds vest ratably over the third and fourth years, subject to continued service and meeting the performance targets.

BXP, Inc. disclosed that one of its executive vice presidents received a grant of 42,373 LTIP Units in Boston Properties Limited Partnership under the company’s 2025 Outperformance Plan. These units are a form of performance-based and time-based equity incentive tied to the appreciation of BXP’s common stock over a four-year performance period ending December 22, 2029.

The number of LTIP Units ultimately earned depends on stock price performance across eight tiers ranging from $90.00 to $118.00, with 12.5% of the maximum award earned at $90.00 and 100% earned at $118.00. The award also vests over time, with one-third vesting on the second anniversary of the grant date and the remaining two-thirds vesting ratably over the third and fourth years, subject to continued service and achievement of the performance conditions.

BXP, Inc. reported a new equity award for its Senior Vice President, Chief Legal Officer and Secretary. On 12/22/2025, the officer received 16,949 LTIP Units, a type of limited partnership interest in Boston Properties Limited Partnership granted under the company’s 2025 Outperformance Plan.

These LTIP Units can later be converted into partnership units and ultimately into cash or shares of BXP common stock, subject to strict conditions. The number of units earned depends on how much the company’s dividend-adjusted share price appreciates over a four-year performance period ending December 22, 2029, with eight price tiers from $90.00 to $118.00 determining between 12.5% and 100% of the award. The units also vest over time, with one-third vesting on the second anniversary of the grant and the rest vesting over the third and fourth years, contingent on continued service and meeting the performance goals.