BXP (BXP) CFO has 1,658 shares withheld for taxes on vesting

Rhea-AI Filing Summary

BXP, Inc. executive vice president and chief financial officer Michael E. LaBelle reported an automatic share withholding related to equity compensation. On 01/15/2026, 1,658 shares of common stock at a stated price of $67.11 per share were withheld to cover the reporting person’s tax obligation arising from the vesting of restricted common stock. Following this tax withholding, LaBelle beneficially owned 7,565 shares of BXP common stock in direct ownership.

Insights

Equity Compensation & Insider Transactions Analyst

Routine tax withholding on vested stock; minimal signaling impact.

The filing shows BXP’s EVP and CFO Michael E. LaBelle had 1,658 common shares withheld on 01/15/2026 at a stated price of $67.11 per share. The footnote explains these shares were withheld to satisfy his tax obligation from vesting restricted common stock, which is a standard equity compensation mechanism rather than an open-market sale.

After this transaction, LaBelle directly beneficially owned 7,565 common shares. Because the event reflects automatic tax withholding tied to vesting rather than a discretionary sale decision, it generally carries limited information about management’s view of the company. The filing mainly updates LaBelle’s reported ownership position.

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^*

LABELLE MICHAEL E

(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)
	EVP and CFO

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		1,658(1)	D	$67.11	7,565	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).
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 Michael E. LaBelle?

The EVP and CFO, Michael E. LaBelle, reported an automatic withholding of 1,658 shares of BXP common stock on 01/15/2026 related to equity compensation.

Why were 1,658 BXP shares withheld from Michael E. LaBelle?

According to the footnote, the 1,658 shares were withheld to satisfy the reporting person’s tax obligation in connection with the vesting of restricted common stock.

At what price were the withheld BXP shares valued in this Form 4?

The Form 4 reports a price of $67.11 per share for the 1,658 BXP common shares withheld to cover taxes.

How many BXP shares does Michael E. LaBelle own after this transaction?

Following the reported tax withholding transaction, Michael E. LaBelle beneficially owns 7,565 shares of BXP common stock in direct ownership.

What role does Michael E. LaBelle hold at BXP (BXP)?

Michael E. LaBelle is reported as an officer of BXP, serving as EVP and CFO (executive vice president and chief financial officer).

Was this BXP insider transaction an open-market sale?

No. The filing states that the shares were withheld to satisfy taxes upon vesting of restricted common stock, rather than sold in an open-market transaction.