STOCK TITAN

[Form 4] BXP, Inc. Insider Trading Activity

Filing Impact
(Low)
Filing Sentiment
(Neutral)
Form Type
4
Rhea-AI Filing Summary

BXP, Inc. (BXP) – Form 4 filing dated 07/01/2025 details a routine equity-based compensation transaction for non-employee director Mary E. Kipp. On 06/30/2025 she acquired 398.57 Phantom Stock Units (Transaction Code “A”) at a reference price of $67.47 under the company’s 2021 Stock Incentive Plan. Phantom units convert to BXP common shares on a one-for-one basis upon the director’s retirement, with flexible lump-sum or 10-year installment settlement options. The filing also notes that 90.91 of the reported units reflect dividend-equivalent credits received on 04/30/2025. Following the award, Kipp’s total derivative holdings under the plan rise to 6,401.14 phantom units, all held directly. No open-market cash purchase or sale of BXP common stock occurred, and there were no changes reported in non-derivative share ownership.

The disclosure represents standard board compensation and modestly strengthens director-shareholder alignment but carries limited market impact because it does not involve cash outlay or immediate share issuance.

BXP, Inc. (BXP) – Comunicazione Form 4 del 01/07/2025 riporta una normale operazione di compenso azionario per la consigliera non dipendente Mary E. Kipp. In data 30/06/2025 ha acquisito 398,57 Phantom Stock Units (Codice Transazione “A”) al prezzo di riferimento di 67,47 $ nell’ambito del Piano di Incentivi Azionari 2021 della società. Le phantom units si convertono in azioni ordinarie BXP con un rapporto uno a uno al momento del pensionamento della consigliera, con opzioni di liquidazione flessibili in un’unica soluzione o in 10 rate annuali. La comunicazione segnala inoltre che 90,91 unità riportate rappresentano crediti equivalenti a dividendi ricevuti il 30/04/2025. Dopo l’assegnazione, il totale delle partecipazioni derivanti dal piano di Kipp sale a 6.401,14 phantom units, tutte detenute direttamente. Non si sono verificati acquisti o vendite in contanti sul mercato aperto di azioni ordinarie BXP e non sono stati segnalati cambiamenti nella proprietà di azioni non derivanti da strumenti finanziari derivati.

La comunicazione riflette una consueta forma di compenso del consiglio e rafforza moderatamente l’allineamento tra consiglieri e azionisti, ma ha un impatto di mercato limitato poiché non comporta esborsi in contanti né emissione immediata di azioni.

BXP, Inc. (BXP) – Presentación del Formulario 4 fechada el 01/07/2025 detalla una operación rutinaria de compensación basada en acciones para la directora externa Mary E. Kipp. El 30/06/2025 ella adquirió 398,57 Unidades de Acciones Fantasma (Código de Transacción “A”) a un precio de referencia de 67,47 $ bajo el Plan de Incentivos de Acciones 2021 de la compañía. Las unidades fantasma se convierten en acciones ordinarias de BXP en una proporción uno a uno al momento de la jubilación de la directora, con opciones flexibles de liquidación en un pago único o en 10 cuotas anuales. La presentación también indica que 90,91 de las unidades reportadas corresponden a créditos equivalentes a dividendos recibidos el 30/04/2025. Tras la adjudicación, la tenencia total de derivados de Kipp bajo el plan asciende a 6.401,14 unidades fantasma, todas en propiedad directa. No se realizaron compras ni ventas en efectivo de acciones ordinarias BXP en el mercado abierto, ni se reportaron cambios en la propiedad de acciones no derivadas.

La divulgación representa una compensación estándar del consejo y fortalece modestamente la alineación entre director y accionistas, pero tiene un impacto limitado en el mercado porque no implica desembolso en efectivo ni emisión inmediata de acciones.

BXP, Inc. (BXP) – 2025년 7월 1일자 Form 4 제출은 비임원 이사 Mary E. Kipp에 대한 일반적인 주식 기반 보상 거래를 상세히 설명합니다. 2025년 6월 30일 그녀는 회사의 2021년 스톡 인센티브 플랜에 따라 398.57 팬텀 스톡 유닛(거래 코드 “A”)을 기준 가격 67.47달러에 취득했습니다. 팬텀 유닛은 이사의 퇴직 시 1:1 비율로 BXP 보통주로 전환되며, 일시불 또는 10년 분할 지급 옵션이 유연하게 제공됩니다. 제출서에는 또한 2025년 4월 30일에 받은 배당금 상당 크레딧 90.91 유닛이 포함되어 있음을 명시하고 있습니다. 이번 수여 후 Kipp의 플랜 내 파생 보유량은 총 6,401.14 팬텀 유닛으로 모두 직접 보유 중입니다. BXP 보통주의 공개 시장 현금 매수 또는 매도는 없었으며, 비파생 주식 소유권 변동도 보고되지 않았습니다.

이번 공시는 표준적인 이사회 보상으로서 이사와 주주 간의 정렬을 다소 강화하지만, 현금 지출이나 즉각적인 주식 발행이 없으므로 시장에 미치는 영향은 제한적입니다.

BXP, Inc. (BXP) – Dépôt du Formulaire 4 daté du 01/07/2025 détaille une opération courante de rémunération en actions pour la directrice non salariée Mary E. Kipp. Le 30/06/2025, elle a acquis 398,57 unités d’actions fantômes (code transaction « A ») à un prix de référence de 67,47 $ dans le cadre du Plan d’Incitation en Actions 2021 de la société. Les unités fantômes se convertissent en actions ordinaires BXP à raison d’une action pour une unité lors de la retraite de la directrice, avec des options de règlement flexibles en une somme forfaitaire ou en 10 versements étalés. Le dépôt note également que 90,91 des unités déclarées correspondent à des crédits équivalents aux dividendes reçus le 30/04/2025. Après cette attribution, la détention totale de produits dérivés de Kipp dans le cadre du plan atteint 6 401,14 unités fantômes, toutes détenues directement. Aucun achat ou vente en espèces d’actions ordinaires BXP sur le marché ouvert n’a eu lieu, et aucun changement dans la détention d’actions non dérivées n’a été signalé.

Cette divulgation représente une rémunération standard du conseil d’administration et renforce modestement l’alignement entre la directrice et les actionnaires, mais a un impact limité sur le marché car elle n’implique pas de sortie de trésorerie ni d’émission immédiate d’actions.

BXP, Inc. (BXP) – Form 4 Einreichung vom 01.07.2025 beschreibt eine routinemäßige aktienbasierte Vergütungstransaktion für die nicht angestellte Direktorin Mary E. Kipp. Am 30.06.2025 erwarb sie 398,57 Phantom Stock Units (Transaktionscode „A“) zu einem Referenzpreis von 67,47 $ im Rahmen des Aktienanreizplans 2021 des Unternehmens. Phantom Units werden bei Pensionierung der Direktorin eins zu eins in BXP-Stammaktien umgewandelt, mit flexiblen Auszahlungsoptionen entweder als Einmalzahlung oder in 10 Jahresraten. Die Einreichung vermerkt außerdem, dass 90,91 der gemeldeten Einheiten Dividendenäquivalente aus dem 30.04.2025 darstellen. Nach der Zuteilung erhöht sich Kipps Gesamtbestand an derivativen Einheiten im Plan auf 6.401,14 Phantom Units, die alle direkt gehalten werden. Es gab keinen offenen Markt-Kauf oder -Verkauf von BXP-Stammaktien in bar, und es wurden keine Änderungen im Besitz nicht-derivativer Aktien gemeldet.

Die Offenlegung stellt eine übliche Vorstandsvergütung dar und stärkt die Ausrichtung zwischen Direktor und Aktionären leicht, hat jedoch aufgrund des Fehlens von Barauszahlungen oder unmittelbarer Aktienausgabe begrenzte Marktauswirkungen.

Positive
  • Director increased notional equity stake by 398.57 phantom units, reinforcing long-term alignment with shareholders.
Negative
  • None.

Insights

TL;DR — Routine phantom-unit grant; aligns director incentives, negligible market impact.

The Form 4 confirms Mary E. Kipp’s election to take board fees in equity form, adding 398.57 phantom units and lifting her notional stake to 6,401.14 units. Because phantom stock vests only at retirement and involves no current cash purchase, the transaction is non-dilutive and signals neither bullish nor bearish sentiment. It nonetheless modestly increases long-term alignment between the director and shareholders. No red flags emerge regarding insider dispositions, option exercises, or accelerated awards. From an investor’s perspective, the filing is informational rather than catalytic and should not materially influence valuation or liquidity.

BXP, Inc. (BXP) – Comunicazione Form 4 del 01/07/2025 riporta una normale operazione di compenso azionario per la consigliera non dipendente Mary E. Kipp. In data 30/06/2025 ha acquisito 398,57 Phantom Stock Units (Codice Transazione “A”) al prezzo di riferimento di 67,47 $ nell’ambito del Piano di Incentivi Azionari 2021 della società. Le phantom units si convertono in azioni ordinarie BXP con un rapporto uno a uno al momento del pensionamento della consigliera, con opzioni di liquidazione flessibili in un’unica soluzione o in 10 rate annuali. La comunicazione segnala inoltre che 90,91 unità riportate rappresentano crediti equivalenti a dividendi ricevuti il 30/04/2025. Dopo l’assegnazione, il totale delle partecipazioni derivanti dal piano di Kipp sale a 6.401,14 phantom units, tutte detenute direttamente. Non si sono verificati acquisti o vendite in contanti sul mercato aperto di azioni ordinarie BXP e non sono stati segnalati cambiamenti nella proprietà di azioni non derivanti da strumenti finanziari derivati.

La comunicazione riflette una consueta forma di compenso del consiglio e rafforza moderatamente l’allineamento tra consiglieri e azionisti, ma ha un impatto di mercato limitato poiché non comporta esborsi in contanti né emissione immediata di azioni.

BXP, Inc. (BXP) – Presentación del Formulario 4 fechada el 01/07/2025 detalla una operación rutinaria de compensación basada en acciones para la directora externa Mary E. Kipp. El 30/06/2025 ella adquirió 398,57 Unidades de Acciones Fantasma (Código de Transacción “A”) a un precio de referencia de 67,47 $ bajo el Plan de Incentivos de Acciones 2021 de la compañía. Las unidades fantasma se convierten en acciones ordinarias de BXP en una proporción uno a uno al momento de la jubilación de la directora, con opciones flexibles de liquidación en un pago único o en 10 cuotas anuales. La presentación también indica que 90,91 de las unidades reportadas corresponden a créditos equivalentes a dividendos recibidos el 30/04/2025. Tras la adjudicación, la tenencia total de derivados de Kipp bajo el plan asciende a 6.401,14 unidades fantasma, todas en propiedad directa. No se realizaron compras ni ventas en efectivo de acciones ordinarias BXP en el mercado abierto, ni se reportaron cambios en la propiedad de acciones no derivadas.

La divulgación representa una compensación estándar del consejo y fortalece modestamente la alineación entre director y accionistas, pero tiene un impacto limitado en el mercado porque no implica desembolso en efectivo ni emisión inmediata de acciones.

BXP, Inc. (BXP) – 2025년 7월 1일자 Form 4 제출은 비임원 이사 Mary E. Kipp에 대한 일반적인 주식 기반 보상 거래를 상세히 설명합니다. 2025년 6월 30일 그녀는 회사의 2021년 스톡 인센티브 플랜에 따라 398.57 팬텀 스톡 유닛(거래 코드 “A”)을 기준 가격 67.47달러에 취득했습니다. 팬텀 유닛은 이사의 퇴직 시 1:1 비율로 BXP 보통주로 전환되며, 일시불 또는 10년 분할 지급 옵션이 유연하게 제공됩니다. 제출서에는 또한 2025년 4월 30일에 받은 배당금 상당 크레딧 90.91 유닛이 포함되어 있음을 명시하고 있습니다. 이번 수여 후 Kipp의 플랜 내 파생 보유량은 총 6,401.14 팬텀 유닛으로 모두 직접 보유 중입니다. BXP 보통주의 공개 시장 현금 매수 또는 매도는 없었으며, 비파생 주식 소유권 변동도 보고되지 않았습니다.

이번 공시는 표준적인 이사회 보상으로서 이사와 주주 간의 정렬을 다소 강화하지만, 현금 지출이나 즉각적인 주식 발행이 없으므로 시장에 미치는 영향은 제한적입니다.

BXP, Inc. (BXP) – Dépôt du Formulaire 4 daté du 01/07/2025 détaille une opération courante de rémunération en actions pour la directrice non salariée Mary E. Kipp. Le 30/06/2025, elle a acquis 398,57 unités d’actions fantômes (code transaction « A ») à un prix de référence de 67,47 $ dans le cadre du Plan d’Incitation en Actions 2021 de la société. Les unités fantômes se convertissent en actions ordinaires BXP à raison d’une action pour une unité lors de la retraite de la directrice, avec des options de règlement flexibles en une somme forfaitaire ou en 10 versements étalés. Le dépôt note également que 90,91 des unités déclarées correspondent à des crédits équivalents aux dividendes reçus le 30/04/2025. Après cette attribution, la détention totale de produits dérivés de Kipp dans le cadre du plan atteint 6 401,14 unités fantômes, toutes détenues directement. Aucun achat ou vente en espèces d’actions ordinaires BXP sur le marché ouvert n’a eu lieu, et aucun changement dans la détention d’actions non dérivées n’a été signalé.

Cette divulgation représente une rémunération standard du conseil d’administration et renforce modestement l’alignement entre la directrice et les actionnaires, mais a un impact limité sur le marché car elle n’implique pas de sortie de trésorerie ni d’émission immédiate d’actions.

BXP, Inc. (BXP) – Form 4 Einreichung vom 01.07.2025 beschreibt eine routinemäßige aktienbasierte Vergütungstransaktion für die nicht angestellte Direktorin Mary E. Kipp. Am 30.06.2025 erwarb sie 398,57 Phantom Stock Units (Transaktionscode „A“) zu einem Referenzpreis von 67,47 $ im Rahmen des Aktienanreizplans 2021 des Unternehmens. Phantom Units werden bei Pensionierung der Direktorin eins zu eins in BXP-Stammaktien umgewandelt, mit flexiblen Auszahlungsoptionen entweder als Einmalzahlung oder in 10 Jahresraten. Die Einreichung vermerkt außerdem, dass 90,91 der gemeldeten Einheiten Dividendenäquivalente aus dem 30.04.2025 darstellen. Nach der Zuteilung erhöht sich Kipps Gesamtbestand an derivativen Einheiten im Plan auf 6.401,14 Phantom Units, die alle direkt gehalten werden. Es gab keinen offenen Markt-Kauf oder -Verkauf von BXP-Stammaktien in bar, und es wurden keine Änderungen im Besitz nicht-derivativer Aktien gemeldet.

Die Offenlegung stellt eine übliche Vorstandsvergütung dar und stärkt die Ausrichtung zwischen Direktor und Aktionären leicht, hat jedoch aufgrund des Fehlens von Barauszahlungen oder unmittelbarer Aktienausgabe begrenzte Marktauswirkungen.

SEC Form 4
FORM 4 UNITED STATES SECURITIES AND EXCHANGE COMMISSION
Washington, D.C. 20549

STATEMENT OF CHANGES IN BENEFICIAL OWNERSHIP

Filed pursuant to Section 16(a) of the Securities Exchange Act of 1934
or Section 30(h) of the Investment Company Act of 1940
OMB APPROVAL
OMB Number: 3235-0287
Estimated average burden
hours per response: 0.5
Check this box if no longer subject to Section 16. Form 4 or Form 5 obligations may continue. See Instruction 1(b).
Check this box to indicate that a transaction was made pursuant to a contract, instruction or written plan for the purchase or sale of equity securities of the issuer that is intended to satisfy the affirmative defense conditions of Rule 10b5-1(c). See Instruction 10.
1. Name and Address of Reporting Person*
WALTON WILLIAM H III

(Last) (First) (Middle)
ONE INDEPENDENT DRIVE
SUITE 1600

(Street)
JACKSONVILLE FL 32202

(City) (State) (Zip)
2. Issuer Name and Ticker or Trading Symbol
BXP, Inc. [ BXP ]
5. Relationship of Reporting Person(s) to Issuer
(Check all applicable)
X Director 10% Owner
Officer (give title below) Other (specify below)
3. Date of Earliest Transaction (Month/Day/Year)
06/30/2025
4. If Amendment, Date of Original Filed (Month/Day/Year)
6. Individual or Joint/Group Filing (Check Applicable Line)
X Form filed by One Reporting Person
Form filed by More than One Reporting Person
Table I - Non-Derivative Securities Acquired, Disposed of, or Beneficially Owned
1. Title of Security (Instr. 3) 2. Transaction Date (Month/Day/Year) 2A. Deemed Execution Date, if any (Month/Day/Year) 3. Transaction Code (Instr. 8) 4. Securities Acquired (A) or Disposed Of (D) (Instr. 3, 4 and 5) 5. Amount of Securities Beneficially Owned Following Reported Transaction(s) (Instr. 3 and 4) 6. Ownership Form: Direct (D) or Indirect (I) (Instr. 4) 7. Nature of Indirect Beneficial Ownership (Instr. 4)
Code V Amount (A) or (D) Price
Table II - Derivative Securities Acquired, Disposed of, or Beneficially Owned
(e.g., puts, calls, warrants, options, convertible securities)
1. Title of Derivative Security (Instr. 3) 2. Conversion or Exercise Price of Derivative Security 3. Transaction Date (Month/Day/Year) 3A. Deemed Execution Date, if any (Month/Day/Year) 4. Transaction Code (Instr. 8) 5. Number of Derivative Securities Acquired (A) or Disposed of (D) (Instr. 3, 4 and 5) 6. Date Exercisable and Expiration Date (Month/Day/Year) 7. Title and Amount of Securities Underlying Derivative Security (Instr. 3 and 4) 8. Price of Derivative Security (Instr. 5) 9. Number of derivative Securities Beneficially Owned Following Reported Transaction(s) (Instr. 4) 10. Ownership Form: Direct (D) or Indirect (I) (Instr. 4) 11. Nature of Indirect Beneficial Ownership (Instr. 4)
Code V (A) (D) Date Exercisable Expiration Date Title Amount or Number of Shares
Phantom Stock Units (1) 06/30/2025 A 342.99 (2) (2) Common Stock, par value $0.01 342.99 $67.47 8,251.94(3) D
Explanation of Responses:
1. The Phantom Stock Units convert to BXP, Inc. ("BXP") common stock on a 1-for-1 basis.
2. The Phantom Stock Units are awarded under BXP's 2021 Stock Incentive Plan to non-employee directors who elected to receive Phantom Stock Units in lieu of director cash compensation fees. The Phantom Stock Units are to be settled in shares of BXP common stock (except that fractional units, if any, will be settled in cash) in a lump sum or in ten annual installments, at the reporting person's election, following the reporting person's retirement from the BXP Board of Directors. In addition, non-employee directors who elect a deferred payout following their retirement may make one or more elections to convert all or a portion (but only in 25% increments) of their notional investment from BXP common stock to a deemed investment in one or more measurement funds. These elections may only be made after the director's service on the BXP Board of Directors ends. Amounts notionally invested in measurement funds will be settled in cash instead of BXP common stock.
3. Includes 119.78 Phantom Stock Units received pursuant to dividend equivalent rights which were credited to the Reporting Person on April 30, 2025.
Remarks:
/s/ Kelli A. DiLuglio, as Attorney-in-Fact 07/01/2025
** Signature of Reporting Person Date
Reminder: Report on a separate line for each class of securities beneficially owned directly or indirectly.
* If the form is filed by more than one reporting person, see Instruction 4 (b)(v).
** Intentional misstatements or omissions of facts constitute Federal Criminal Violations See 18 U.S.C. 1001 and 15 U.S.C. 78ff(a).
Note: File three copies of this Form, one of which must be manually signed. If space is insufficient, see Instruction 6 for procedure.
Persons who respond to the collection of information contained in this form are not required to respond unless the form displays a currently valid OMB Number.

FAQ

What insider transaction did BXP director Mary E. Kipp report?

She acquired 398.57 Phantom Stock Units on 06/30/2025 under BXP’s 2021 Stock Incentive Plan.

How many phantom units does Mary E. Kipp now hold in total?

After the transaction she beneficially owns 6,401.14 phantom units.

Did the filing involve an open-market purchase of BXP common stock?

No. The units were part of deferred board compensation, not a cash purchase in the open market.

When will the phantom units convert to BXP shares?

Units convert on a 1-for-1 basis and are settled after the director retires, either in a lump sum or up to ten installments.

What was the reference price assigned to the phantom units?

The units were valued at $67.47 per phantom share.
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