Restricted stock vesting leads to BXP (NYSE: BXP) tax withholding

Rhea-AI Filing Summary

BXP, Inc. reported an insider transaction by Executive Vice President Hilary J. Spann on a Form 4. On January 15, 2026, 1,224 shares of BXP common stock were withheld at $67.11 per share to cover her tax obligation arising from the vesting of restricted common stock, rather than being sold in the open market.

After this tax withholding, Spann beneficially owns 6,047 shares of BXP common stock directly. This type of transaction is a routine administrative event linked to equity compensation vesting.

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

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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^*

Spann Hilary J.

(Last) (First) (Middle)

C/O BXP

599 LEXINGTON AVENUE

(Street)

NEW YORK NY 10022

(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)
01/15/2026

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
Common Stock, par value $0.01	01/15/2026		F		1,224(1)	D	$67.11	6,047	D

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

Explanation of Responses:

1. Shares withheld to satisfy the Reporting Person's tax obligation in connection with the vesting of restricted common stock.

Remarks:

	/s/ Kelli A. DiLuglio, as Attorney-in-Fact	01/20/2026
	** 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 Hilary J. Spann?

The filing shows that Executive Vice President Hilary J. Spann had 1,224 shares of BXP common stock withheld on January 15, 2026 in connection with restricted stock vesting.

At what price were the BXP shares withheld in Hilary Spann's Form 4?

The 1,224 BXP shares were valued at a price of $67.11 per share for the tax withholding transaction.

Why were Hilary J. Spann's BXP shares withheld in this Form 4 filing?

According to the footnote, the shares were withheld to satisfy her tax obligation related to the vesting of restricted common stock, not as a discretionary open-market sale.

How many BXP shares does Hilary J. Spann own after this reported transaction?

Following the reported tax withholding, Hilary J. Spann beneficially owns 6,047 shares of BXP common stock directly.

What is Hilary J. Spann's role at BXP, Inc. in this insider filing?

In this Form 4, Hilary J. Spann is identified as an officer of BXP, serving as Executive Vice President.

Does this BXP Form 4 indicate an open-market sale by Hilary J. Spann?

No. The transaction code is F, and the footnote explains the shares were withheld for taxes on restricted stock vesting, rather than sold on the open market.