BXP (BXP) executive Peter Otteni granted 7,731 LTIP Units, now holds 99,378

Rhea-AI Filing Summary

BXP, Inc. Executive Vice President Peter V. Otteni reported an award of 7,731 LTIP Units on January 30, 2026. These equity-based units in Boston Properties Limited Partnership were granted at a reference price of $0.25 per unit and are held directly.

The 7,731 LTIP Units vest in four equal annual installments beginning on January 15, 2027. Each LTIP Unit can be converted into a Common OP Unit, which may then be redeemed for cash equal to the fair market value of one BXP common share or, at the issuer’s election, for one share of common stock. Following this grant, Otteni beneficially owns 99,378 derivative LTIP Units.

Insider Trade Summary

1 transaction reported

Mixed 1 txn

Insider Otteni Peter V

Role Executive Vice President

Type	Security	Shares	Price	Value
Grant/Award	LTIP Units	7,731	$0.25	$2K

Holdings After Transaction: LTIP Units — 99,378 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 7,731 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^*

Otteni Peter V

(Last) (First) (Middle)

2200 PENNSYLVANIA AVENUE NW

SUITE 200W

(Street)

WASHINGTON DC 20037

(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)

	Director		10% Owner
X	Officer (give title below)		Other (specify below)
	Executive Vice 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		7,731		(1)(2)	(1)	Common Stock, par value $0.01	7,731	$0.25	99,378	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 7,731 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 insider transaction did BXP (BXP) report for Peter V. Otteni?

BXP reported that Executive Vice President Peter V. Otteni received 7,731 LTIP Units on January 30, 2026. These equity-based partnership units were granted at a reference price of $0.25 per unit and increased his total directly held LTIP Units to 99,378.

What are the key terms of the 7,731 LTIP Units granted at BXP (BXP)?

The 7,731 LTIP Units are limited partnership interests in Boston Properties Limited Partnership issued under BXP’s equity incentive programs. They were granted at $0.25 per unit and can later be converted into Common OP Units with redemption rights linked to BXP common stock value.

How do the BXP (BXP) LTIP Units convert into common stock value?

Each LTIP Unit may be converted into a Common OP Unit at the election of BPLP or the holder. Each Common OP Unit can then be redeemed for cash equal to the fair market value of one BXP common share or, at BXP’s election, for one share of common stock.

What is the vesting schedule for Peter Otteni’s 7,731 LTIP Units at BXP (BXP)?

The 7,731 LTIP Units granted to Executive Vice President Peter Otteni vest in four equal annual installments. Vesting begins on January 15, 2027, providing a multi-year incentive structure tied to continued service and long-term alignment with BXP’s performance.

How many LTIP Units does Peter V. Otteni beneficially own after this BXP (BXP) grant?

After the January 30, 2026 grant of 7,731 LTIP Units, Peter V. Otteni beneficially owns 99,378 LTIP Units. These are reported as directly held derivative securities linked economically to BXP common stock through conversion and redemption mechanics described in the filing footnotes.

Do the LTIP Units granted to BXP (BXP) executive Peter Otteni have an expiration date?

The LTIP Units granted to Peter Otteni do not have an expiration date. According to the disclosure, these units remain outstanding indefinitely, subject to vesting, conversion into Common OP Units, and potential redemption into either cash or BXP common stock at the issuer’s election.