BXP director granted 3,332 LTIP Units

BXP, Inc. director Julie Richardson reported receiving a grant of 3,332 LTIP Units on May 29, 2026 as equity-based compensation.

Rhea-AI Filing Summary

BXP, Inc. director Julie Richardson reported receiving a grant of 3,332 LTIP Units on May 29, 2026 as equity-based compensation. These units represent limited partnership interests in Boston Properties Limited Partnership that can convert into Common OP Units and ultimately be redeemed for cash or, at the issuer’s election, one share of common stock per unit.

The 3,332 LTIP Units will vest on the earlier of May 29, 2027 or the date of BXP’s 2027 annual meeting of stockholders. Following this award, Richardson holds a total of 5,766 LTIP Units directly, aligning her compensation more closely with the company’s long-term performance.

Insider Trade Summary

Grant/Award: 3,332 shares

Grant/Award 1 txn

Insider Richardson Julie

Role Director

Type	Security	Shares	Price	Value
Grant/Award	LTIP Units	3,332	$0.25	$833.00

Holdings After Transaction: LTIP Units — 5,766 contracts (Direct)

Footnotes (2)

1. 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.
2. F2. The 3,332 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

LTIP Units granted: 3,332 LTIP Units Grant price per LTIP Unit: $0.25 per unit LTIP Units after transaction: 5,766 LTIP Units +2 more

5 metrics

LTIP Units granted 3,332 LTIP Units Award dated May 29, 2026

Grant price per LTIP Unit $0.25 per unit Equity-based incentive grant

LTIP Units after transaction 5,766 LTIP Units Total direct holdings following grant

Underlying common stock 3,332 shares Underlying BXP common stock for this LTIP grant

Vesting date Earlier of May 29, 2027 or 2027 annual meeting Vesting schedule for 3,332 LTIP Units

Key Terms

LTIP Units, Common OP Unit, redemption, equity based incentive programs, +1 more

5 terms

LTIP Units financial

"Represents units of limited partnership interest in Boston Properties Limited Partnership ("BPLP"), 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.

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 of a share."

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")."

vesting financial

"The 3,332 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."

Vesting is the process by which you earn full ownership of something, like company stock or a retirement benefit, over time. It’s like earning the right to keep a gift piece by piece the longer you stay with a company, making sure employees stay committed before they receive all the benefits.

FAQ

AI-generated questions and answers. How Rhea-AI works. Not financial advice.

What insider transaction did BXP (BXP) director Julie Richardson report?

Julie Richardson reported receiving a grant of 3,332 LTIP Units as equity-based compensation. These units are limited partnership interests that can eventually convert into interests redeemable for cash or one share of BXP common stock per unit, subject to the plan’s terms.

When do Julie Richardson’s 3,332 BXP LTIP Units vest?

The 3,332 LTIP Units vest on the earlier of May 29, 2027 or the date of BXP’s 2027 annual stockholders’ meeting. Vesting ties the award to continued board service and aligns director compensation with the company’s long-term performance and governance cycle.

How many BXP LTIP Units does Julie Richardson hold after this grant?

After the May 29, 2026 grant, Julie Richardson holds a total of 5,766 LTIP Units directly. This total includes the newly awarded 3,332 units, reinforcing her equity-linked stake in Boston Properties Limited Partnership and indirectly in BXP’s common equity.

What are BXP LTIP Units and how can they convert into common stock?

LTIP Units are units of limited partnership interest in Boston Properties Limited Partnership. After meeting tax-related capital account conditions, each LTIP Unit may convert into a Common OP Unit, which can then be redeemed for cash or, at BXP’s election, one share of common stock.

Does the LTIP Unit award to Julie Richardson have an expiration date?

The LTIP Units granted to Julie Richardson have no expiration date. Once vested and after satisfying required capital account conditions, they remain outstanding until converted into Common OP Units and potentially redeemed for cash or exchanged for BXP common stock.

AI-generated analysis. How Rhea-AI works. Not financial advice.

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Accepted by SEC EDGAR 06/02/2026 - 10:12 AM Learn about SEC filing dates

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^*

Richardson Julie

(Last) (First) (Middle)

800 BOYLSTON STREET

(Street)

BOSTON MASSACHUSETTS 02199

(City) (State) (Zip)

UNITED STATES

(Country)

2. Issuer Name and Ticker or Trading Symbol
BXP, Inc. [ BXP ]

5. Relationship of Reporting Person(s) to Issuer
(Check all applicable)

X	Director		10% Owner
	Officer (give title below)		Other (specify below)

2a. Foreign Trading Symbol

3. Date of Earliest Transaction (Month/Day/Year)
05/29/2026

6. Individual or Joint/Group Filing (Check Applicable Line)

X	Form filed by One Reporting Person
	Form filed by More than One Reporting Person

4. If Amendment, Date of Original Filed (Month/Day/Year)

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)	05/29/2026		A		3,332		(1)(2)	(1)	Common Stock, par value $0.01	3,332	$0.25	5,766	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 3,332 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.

Remarks:

	/s/ Kelli A. DiLuglio, as Attorney-in-Fact	06/02/2026
	** 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.
* Form 4: SEC 1474 (03-26)