BXP director Bruce W. Duncan receives stock award
The units are to be settled after retirement from the BXP Board, in a lump sum or ten annual installments at the director's election.
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Form Type
4
Rhea-AI Filing Summary
BXP, Inc. director Bruce W. Duncan acquired 572.74 Phantom Stock Units on September 30, 2026, as an award under BXP's 2021 Stock Incentive Plan, in lieu of director cash compensation fees. The units convert into BXP common stock on a 1-for-1 basis, and the reported price was $61.11 per unit. His reported Phantom Stock Unit balance after the transaction was 14,659.97 units, including 139.24 units credited as dividend equivalents on July 31, 2026.
Insider Trade Summary
Grant/Award: 572.74 shares
Grant/Award
1 txn
Insider
DUNCAN BRUCE W
Role
Director
| Type | Security | Shares | Price | Value |
|---|---|---|---|---|
| Grant/Award | Phantom Stock Units F1, F2, F3 | 572.74 | $61.11 | $35K |
Holdings After Transaction:
Phantom Stock Units — 14,659.97 contracts (Direct)
Footnotes (3)
- F1. The Phantom Stock Units convert to BXP, Inc. ("BXP") common stock on a 1-for-1 basis.
- F2. 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.
- F3. Includes 139.24 Phantom Stock Units received pursuant to dividend equivalent rights which were credited to the Reporting Person on July 31, 2026.
Key Figures
Phantom Stock Units acquired: 572.74 units
Reported price per Phantom Stock Unit: $61.11 per unit
Phantom Stock Units after transaction: 14,659.97 units
+4 more
7 metrics
Phantom Stock Units acquired
572.74 units
Award dated September 30, 2026
Reported price per Phantom Stock Unit
$61.11 per unit
Award dated September 30, 2026
Phantom Stock Units after transaction
14,659.97 units
Reported resulting balance
Dividend-equivalent units
139.24 units
Credited July 31, 2026; included in the reported post-transaction balance
Common stock conversion ratio
1-for-1
Phantom Stock Units convert to BXP common stock
Annual settlement installments
10 installments
Post-retirement settlement option
Measurement-fund election increments
25% increments
For a non-employee director electing deferred payout, after board service ends
Key Terms
Phantom Stock Units, dividend equivalent rights, measurement funds, deferred payout
4 terms
Phantom Stock Units financial
"The Phantom Stock Units convert to BXP common stock on a 1-for-1 basis."
Phantom stock units are company promises that pay a cash or stock-equivalent award tied to the firm’s share price or value growth, but they do not issue actual shares. Think of them as a bonus check that moves with the stock like a mirror rather than handing over an ownership slice. Investors care because these awards can affect a company’s future cash obligations, executive incentives and reported expenses without causing share dilution.
dividend equivalent rights financial
"received pursuant to dividend equivalent rights"
Dividend equivalent rights are promises that mirror the cash payments shareholders get from a company’s profits, but they are paid to holders of certain awards (like stock options or restricted stock units) rather than to actual shares. Think of them as a paycheck top‑up that matches dividends while the award is not yet a real stock, and they matter to investors because they add to employee compensation costs and potential share dilution, affecting company profitability and per‑share value.
measurement funds financial
"a deemed investment in one or more measurement funds"
deferred payout financial
"elect a deferred payout following their retirement"
FAQ
AI-generated questions and answers. How Rhea-AI works. Not financial advice.
How many Phantom Stock Units did BXP director Bruce W. Duncan acquire?
Bruce W. Duncan acquired 572.74 Phantom Stock Units on September 30, 2026. His reported balance after the transaction was 14,659.97 units, including 139.24 dividend-equivalent units credited on July 31, 2026.
How and when are BXP Phantom Stock Units settled?
The units are to be settled in BXP common stock after retirement from the BXP Board, in a lump sum or ten annual installments at the director's election; fractional units, if any, are settled in cash. A non-employee director who elects a deferred payout may, after board service ends, convert all or part of the notional investment to measurement funds in 25% increments; those amounts are settled in cash.
Why was Bruce W. Duncan awarded BXP Phantom Stock Units?
The units are awarded under BXP's 2021 Stock Incentive Plan to non-employee directors who elect to receive Phantom Stock Units in lieu of director cash compensation fees.
AI-generated analysis. How Rhea-AI works. Not financial advice.
