Douglas Linde of BXP (NYSE: BXP) awarded 52,574 LTIP Units

Rhea-AI Filing Summary

BXP, Inc. reported that President and Director Douglas T. Linde received an award of 52,574 LTIP Units on January 30, 2026. These units are derivative securities representing limited partnership interests in Boston Properties Limited Partnership, the operating partnership of BXP.

Each LTIP Unit can be converted into a common operating partnership unit, which may then be redeemed for cash equal to the fair market value of one share of BXP common stock, or, at BXP’s election, exchanged for one share of common stock. The 52,574 LTIP Units vest in four equal annual installments beginning on January 15, 2027, and this grant brought Linde’s beneficially owned derivative securities to 805,994 units, held directly.

Insider Trade Summary

1 transaction reported

Mixed 1 txn

Insider LINDE DOUGLAS T

Role President

Type	Security	Shares	Price	Value
Grant/Award	LTIP Units	52,574	$0.25	$13K

Holdings After Transaction: LTIP Units — 805,994 shares (Direct)

Footnotes (1)

1. Represents units of limited partnership interest in Boston Properties Limited Partnership ("BPLP"), of which the Issuer is the general partner, issued pursuant to the Issuer's equity based incentive programs ("LTIP Units"). Conditioned upon minimum allocations to the capital accounts of the LTIP Units for federal income tax purposes, each LTIP Unit may be converted, at the election of BPLP or the holder, into a common unit of limited partnership interest in BPLP ("Common OP Unit"). Each Common OP Unit acquired upon conversion of an LTIP Unit may be presented for redemption, at the election of the holder, for cash equal to the then fair market value of a share of the Issuer's common stock, except that the Issuer may, at its election, acquire each Common OP Unit so presented for one share of common stock. LTIP Units have no expiration date. The 52,574 LTIP Units vest in four equal annual installments beginning on January 15, 2027.

Form 4 Insider Transactions: What Each Field Means →

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^*

LINDE DOUGLAS T

(Last) (First) (Middle)

C/O BXP

800 BOYLSTON STREET

(Street)

BOSTON MA 02199

(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
X	Officer (give title below)		Other (specify below)
	President

3. Date of Earliest Transaction (Month/Day/Year)
01/30/2026

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
LTIP Units(1)	(1)	01/30/2026		A		52,574		(1)(2)	(1)	Common Stock, par value $0.01	52,574	$0.25	805,994	D

Explanation of Responses:

1. Represents units of limited partnership interest in Boston Properties Limited Partnership ("BPLP"), of which the Issuer is the general partner, issued pursuant to the Issuer's equity based incentive programs ("LTIP Units"). Conditioned upon minimum allocations to the capital accounts of the LTIP Units for federal income tax purposes, each LTIP Unit may be converted, at the election of BPLP or the holder, into a common unit of limited partnership interest in BPLP ("Common OP Unit"). Each Common OP Unit acquired upon conversion of an LTIP Unit may be presented for redemption, at the election of the holder, for cash equal to the then fair market value of a share of the Issuer's common stock, except that the Issuer may, at its election, acquire each Common OP Unit so presented for one share of common stock. LTIP Units have no expiration date.

2. The 52,574 LTIP Units vest in four equal annual installments beginning on January 15, 2027.

Remarks:

	/s/ Kelli A. DiLuglio, as Attorney-in-Fact	02/02/2026
	** 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 did BXP (BXP) disclose about Douglas Linde’s latest equity award?

BXP disclosed that President and Director Douglas T. Linde received 52,574 LTIP Units on January 30, 2026. These units are issued under BXP’s equity-based incentive programs and increase his directly held derivative securities to 805,994 units after the award.

How do the LTIP Units granted to Douglas Linde at BXP (BXP) work?

Each LTIP Unit represents a limited partnership interest in Boston Properties Limited Partnership. Subject to tax-related conditions, each LTIP Unit may convert into a Common OP Unit, which can then be redeemed for cash or, at BXP’s election, exchanged for one share of BXP common stock.

When do Douglas Linde’s 52,574 BXP (BXP) LTIP Units vest?

The 52,574 LTIP Units granted to Douglas Linde vest in four equal annual installments. Vesting begins on January 15, 2027, meaning one quarter of the units vest each year over four years, assuming applicable vesting conditions continue to be satisfied.

What price was used for Douglas Linde’s LTIP Unit grant at BXP (BXP)?

The LTIP Units granted to Douglas Linde carry a stated price of $0.25 per unit in the Form 4. This price applies to the 52,574 LTIP Units awarded on January 30, 2026, under BXP’s equity-based incentive programs.

How many derivative securities does Douglas Linde now beneficially own at BXP (BXP)?

Following the January 30, 2026 grant, Douglas T. Linde beneficially owns 805,994 derivative securities. This total reflects his directly held LTIP Units, including the newly awarded 52,574 units reported in the Form 4 filing.