Executive VP at BXP (NYSE: BXP) receives 13,143 LTIP Units

Rhea-AI Filing Summary

BXP, Inc. reported that Executive Vice President Bryan J. Koop was granted 13,143 LTIP Units on January 30, 2026. These units are a form of equity-based incentive awarded through Boston Properties Limited Partnership, where BXP is the general partner.

Each LTIP Unit can eventually be converted into a common partnership unit, which may then be redeemed for cash equal to the fair market value of one share of BXP common stock, or, at the company’s election, settled in one share. The LTIP Units vest in four equal annual installments starting January 15, 2027, and Koop holds 221,791 derivative securities following this grant.

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

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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^*

KOOP BRYAN J

(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)

	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		13,143		(1)(2)	(1)	Common Stock, par value $0.01	13,143	$0.25	221,791	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 13,143 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).
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FAQ

What insider transaction did BXP (BXP) report for Bryan J. Koop?

BXP reported that Executive Vice President Bryan J. Koop received a grant of 13,143 LTIP Units on January 30, 2026. The award is part of the company’s equity-based incentive programs administered through Boston Properties Limited Partnership, where BXP serves as general partner.

How many LTIP Units did the BXP executive receive and at what price?

Bryan J. Koop was granted 13,143 LTIP Units at a stated price of $0.25 per unit. These derivative securities are structured as limited partnership interests, aligning executive compensation with the long-term value of BXP’s common equity through the operating partnership structure.

How and when do Bryan J. Koop’s 13,143 LTIP Units in BXP vest?

The 13,143 LTIP Units granted to Bryan J. Koop vest in four equal annual installments beginning on January 15, 2027. This multi-year vesting schedule encourages long-term retention and ties the executive’s compensation to sustained performance over several years, rather than a single date.

What can BXP LTIP Units be converted or redeemed into over time?

Each LTIP Unit may be converted into a Common OP Unit of Boston Properties Limited Partnership once tax-related conditions are met. Each Common OP Unit can then be redeemed for cash equal to the fair market value of one BXP share, or one share at the company’s election.

How many derivative securities does Bryan J. Koop hold after this BXP grant?

Following the grant of 13,143 LTIP Units, Bryan J. Koop beneficially owns 221,791 derivative securities related to BXP. These holdings are reported as directly owned and reflect his cumulative equity-based incentives within Boston Properties Limited Partnership’s structure tied to BXP common stock value.

Do the LTIP Units granted to the BXP executive have an expiration date?

The LTIP Units granted to Bryan J. Koop do not have an expiration date. They remain outstanding subject to vesting conditions, potential conversion into Common OP Units, and subsequent redemption or share settlement, providing a long-term incentive aligned with BXP’s operating partnership and equity structure.