Director Tony West receives BXP (NYSE: BXP) stock and LTIP unit awards
Rhea-AI Filing Summary
BXP, Inc. director Tony West reported receiving equity awards consisting of common stock and long-term incentive units. He was granted 1,666 shares of common stock, bringing his direct common stock holdings to 7,691 shares. He also received 1,666 LTIP Units in Boston Properties Limited Partnership, increasing his LTIP Unit holdings to 4,300 units.
Each LTIP Unit can, after certain tax-related conditions are met, be converted into a common partnership unit, which may then be redeemed for cash equal to the value of one BXP common share or, at BXP’s election, exchanged for one share of common stock. The 1,666 LTIP Units will vest on the earlier of May 29, 2027, or the date of BXP’s 2027 annual meeting of stockholders.
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Insider Trade Summary
Net Buyer: 1,666 shares
Net Buy
2 txns
Insider
West Tony
Role
Director
| Type | Security | Shares | Price | Value |
|---|---|---|---|---|
| Grant/Award | LTIP Units | 1,666 | $0.25 | $416.50 |
| Grant/Award | Common Stock, par value $0.01 | 1,666 | $0.00 | $0.00 |
Holdings After Transaction:
LTIP Units — 4,300 shares (Direct);
Common Stock, par value $0.01 — 7,691 shares (Direct)
Footnotes (2)
- F1. 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.
- F2. The 1,666 LTIP Units will vest on the earlier of (i) May 29, 2027 and (ii) the date of the BXP's 2027 annual meeting of stockholders.
Key Figures
Common stock granted: 1,666 shares
Common stock holdings after grant: 7,691 shares
LTIP Units granted: 1,666 units
+3 more
6 metrics
Common stock granted
1,666 shares
Award of BXP common stock on May 29, 2026
Common stock holdings after grant
7,691 shares
Direct BXP common stock held by Tony West after transaction
LTIP Units granted
1,666 units
LTIP Units in Boston Properties Limited Partnership granted May 29, 2026
LTIP Units holdings after grant
4,300 units
Total LTIP Units held by Tony West after the reported award
LTIP Units vesting date
Earlier of May 29, 2027 or 2027 annual meeting
Vesting schedule for 1,666 LTIP Units
LTIP Unit grant price reference
$0.25 per unit
Reported transaction price per LTIP Unit in the Form 4
Key Terms
LTIP Units, Boston Properties Limited Partnership, Common OP Unit, redemption, +1 more
5 terms
LTIP Units financial
"issued pursuant to the Issuer's equity based incentive programs ("LTIP Units")."
LTIP units are awards given to executives and employees as part of a long-term incentive plan; they act like deferred bonuses that convert into company shares or cash only if the business meets set performance or time requirements. Investors care because LTIP units tie management pay to future results, can increase the number of outstanding shares (dilution) when they vest, and create ongoing compensation expense that can affect earnings and shareholder value.
Boston Properties Limited Partnership financial
"Represents units of limited partnership interest in Boston Properties Limited Partnership ("BPLP"),"
Common OP Unit financial
"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")."
redemption financial
"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"
Redemption is when an issuer or holder settles a financial instrument by paying it off or returning it for cash, such as a bond being paid at maturity or a preferred share bought back by the company. It matters to investors because redemption changes when and how they get their money back, can cut off future income from the investment, and affects the issuer’s cash needs—think of it like a loan being paid off early or a store refunding a returned purchase.
equity based incentive programs financial
"issued pursuant to the Issuer's equity based incentive programs ("LTIP Units")."
AI-generated analysis. How Rhea-AI works. Not financial advice.
FAQ
What insider transaction did BXP (BXP) director Tony West report?
Tony West reported receiving equity awards from BXP, including 1,666 shares of common stock and 1,666 LTIP Units. These awards are compensation-related grants rather than open-market purchases or sales, and increase his direct holdings in both common stock and partnership units.
What are LTIP Units reported in the BXP (BXP) Form 4 for Tony West?
LTIP Units are limited partnership interests in Boston Properties Limited Partnership, BXP’s operating partnership. After this grant, West holds 4,300 LTIP Units, which under certain conditions can convert into common partnership units and be redeemed for cash or exchanged for BXP common stock.
When do Tony West’s newly granted BXP LTIP Units vest?
The 1,666 newly granted LTIP Units will vest on the earlier of May 29, 2027, or the date of BXP’s 2027 annual meeting of stockholders. Vesting means the units become non-forfeitable, subject to the award’s terms and conditions under BXP’s equity incentive programs.