Every Form 4 that BXP, Inc. (BXP) has filed with the SEC in the last 12 months is listed below, newest first, and each one links through to the document itself with the summary and the scores our analysis gives it.
A Form 4 covers the transactions officers, directors and large holders report, so if you follow BXP and want that one kind of document rather than the whole filing history, this is the page to keep. The company's other filings, of every form, are on the full BXP filings page.
BXP, Inc. director Tony West acquired 388.64 Phantom Stock Units on September 30, 2026, under the 2021 Stock Incentive Plan in lieu of director cash compensation fees. The units convert to BXP common stock on a 1-for-1 basis. His reported direct position after the transaction was 5,235.25 units, including 47.90 units credited under dividend equivalent rights on July 31, 2026.
BXP, Inc. director Joel Klein acquired 552.28 Phantom Stock Units on September 30, 2026, at a reported $61.11 per unit. The units convert to BXP common stock on a 1-for-1 basis. His reported post-transaction position was 25,088.27 Phantom Stock Units, including 242.52 units credited July 31, 2026, under dividend equivalent rights.
The units were awarded under BXP's 2021 Stock Incentive Plan in lieu of director cash compensation fees. Following retirement from the board, they are to be settled in shares in a lump sum or ten annual installments, at Klein's election.
BXP, Inc. director Julie Richardson was awarded 409.1 Phantom Stock Units on September 30, 2026, with a reported price of $61.11 per share; her reported position afterward was 2,174.62 units. The units are awarded under BXP’s 2021 Stock Incentive Plan to non-employee directors who elect units instead of director cash compensation fees. They convert to BXP common stock one-for-one and are settled after retirement from the BXP Board in a lump sum or ten annual installments, at her election; fractional units are settled in cash. The award includes 17.45 units credited under dividend equivalent rights on July 31, 2026.
BXP, Inc. director Bruce W. Duncan acquired 572.74 Phantom Stock Units on September 30, 2026, as an award under BXP's 2021 Stock Incentive Plan, in lieu of director cash compensation fees. The units convert into BXP common stock on a 1-for-1 basis, and the reported price was $61.11 per unit. His reported Phantom Stock Unit balance after the transaction was 14,659.97 units, including 139.24 units credited as dividend equivalents on July 31, 2026.
BXP, Inc. director William H. Walton III was awarded 388.64 Phantom Stock Units on September 30, 2026, reported at $61.11 per unit. His direct Phantom Stock Unit holdings after the transaction were 10,640. The award was made under BXP’s 2021 Stock Incentive Plan in lieu of director cash compensation fees. The units convert to common stock on a 1-for-1 basis and are to be settled after retirement from the BXP Board, in a lump sum or ten annual installments at his election. The reported award includes 101.33 units credited July 31, 2026, pursuant to dividend equivalent rights.
BXP, Inc. director Matthew J. Lustig acquired 490.92 Phantom Stock Units on September 30, 2026, bringing his reported direct balance to 22,221.37 units. The units convert one-for-one into BXP common stock and were awarded under the 2021 Stock Incentive Plan to non-employee directors who elected units in lieu of cash director fees. Settlement follows retirement from the BXP Board of Directors, in a lump sum or ten annual installments at the reporting person’s election. The balance includes 214.79 units credited on July 31, 2026, under dividend equivalent rights.
BXP, Inc. director Mary E. Kipp acquired 450.01 Phantom Stock Units on September 30, 2026, with a reported price of $61.11 per unit, bringing her direct position to 8,982.63 units. Awarded under BXP’s 2021 Stock Incentive Plan in lieu of director cash compensation, the units convert into common stock one-for-one and are scheduled for settlement after her retirement in a lump sum or ten annual installments, at her election. The reported balance includes 84.34 units credited as dividend equivalent rights on July 31, 2026.
LUSTIG MATTHEW J reported acquisition or exercise transactions in this Form 4 filing.
BXP, Inc. director Matthew J. Lustig reported receiving a grant of 439.86 Phantom Stock Units tied to BXP common stock on a 1-for-1 basis. These units were awarded under BXP's 2021 Stock Incentive Plan in lieu of director cash compensation fees.
The Phantom Stock Units will be settled in BXP common shares, with any fractional units paid in cash, generally in a lump sum or ten annual installments after Lustig retires from the board, based on his election. Following this grant, he holds 21,515.66 Phantom Stock Units, including 249.38 units credited on April 30, 2026 from dividend equivalent rights.
BXP, Inc. director Mary E. Kipp reported a compensation-related grant of 402.16 Phantom Stock Units, bringing her total Phantom Stock Unit holdings to 8,448.28. These units are awarded under BXP's 2021 Stock Incentive Plan in lieu of director cash fees and convert into BXP common stock on a 1-for-1 basis.
The units are generally settled in BXP shares in a lump sum or over ten annual installments after her retirement from the board, with fractional units settled in cash. The total includes 95.20 Phantom Stock Units credited via dividend equivalent rights on April 30, 2026.
BXP, Inc. director Joel Klein received a grant of 496.41 Phantom Stock Units valued at $66.31 per unit under BXP's 2021 Stock Incentive Plan in lieu of director cash fees. These units convert into BXP common stock on a 1-for-1 basis and are generally settled after his retirement from the board, either in a lump sum or over ten annual installments. Following this award, Klein holds a total of 24,293.47 Phantom Stock Units, which include 281.57 units credited on April 30, 2026 as dividend equivalent rights.
BXP, Inc. director Julie Richardson received a grant of 364.45 Phantom Stock Units as part of her non-employee director compensation. These units are awarded in lieu of cash fees under BXP's 2021 Stock Incentive Plan and convert into BXP common stock on a 1-for-1 basis.
Following this grant and previously credited amounts, Richardson holds a total of 1,748.07 Phantom Stock Units, including 16.37 units received through dividend equivalent rights credited on April 30, 2026. The Phantom Stock Units will be settled in BXP common stock or cash following her retirement from the board, based on her payout and investment elections.
West Tony reported acquisition or exercise transactions in this Form 4 filing.
BXP, Inc. director Tony West received a grant of 351.63 Phantom Stock Units on BXP common stock. The units were awarded at an assigned value of $66.31 per unit, increasing his directly held Phantom Stock Unit balance to 4,798.71 units.
These Phantom Stock Units were granted under BXP's 2021 Stock Incentive Plan to a non-employee director who elected to receive units instead of cash director fees. Each unit is convertible into one share of BXP common stock, generally after the director retires from the Board, with fractional units settled in cash.
The filing notes that the total includes 52.62 Phantom Stock Units credited on April 30, 2026 pursuant to dividend equivalent rights, which mirror dividends paid on BXP common shares by increasing the phantom balance.
WALTON WILLIAM H III reported acquisition or exercise transactions in this Form 4 filing.
BXP, Inc. director William H. Walton III received a grant of 345.6 Phantom Stock Units, each tied 1-for-1 to BXP common stock. The grant was valued at $66.31 per unit and increased his Phantom Stock Unit balance to 10,150.03 units.
These units were awarded under BXP's 2021 Stock Incentive Plan after he elected to receive Phantom Stock Units instead of cash director fees. The units will generally be settled in BXP common shares after he retires from the board, with fractional units paid in cash. His holdings include 116.01 Phantom Stock Units credited as dividend equivalent rights on April 30, 2026.
DUNCAN BRUCE W reported acquisition or exercise transactions in this Form 4 filing.
BXP, Inc. director Bruce W. Duncan received a grant of 515.260 Phantom Stock Units as part of non-employee director compensation. These units are valued at $66.31 per unit and increase his Phantom Stock Unit balance to 13,947.990 units.
Each Phantom Stock Unit is convertible into one share of BXP common stock, generally after he retires from the Board, either in a lump sum or in ten annual installments at his election. A portion of the balance, including 158.94 units, reflects dividend equivalent rights, and he may later elect to notionally move part of his deferred balance into measurement funds that are settled in cash instead of stock.
BXP, Inc. Executive Vice President and CFO Michael E. LaBelle reported selling a total of 26,113 shares of common stock in open-market transactions. The sales occurred on June 9, 2026 at per-share prices of $66.0496 for 18,080 shares and $67.0180 for 8,033 shares. After these transactions, one reported line shows LaBelle directly holding 5,839 shares of BXP common stock.
BXP, Inc.’s EVP and CFO Michael E. Labelle converted 23,981 LTIP Units in Boston Properties Limited Partnership into the same number of Common OP Units, then redeemed those for 23,981 shares of BXP common stock. After these conversions, he directly holds 31,952 common shares and 300,395 LTIP Units, with no open‑market buying or selling involved.
KIPP MARY E reported acquisition or exercise transactions in this Form 4 filing.
BXP, Inc. director Mary E. Kipp received an equity-based award of 3,332 LTIP Units on May 29, 2026. These units are a form of limited partnership interest in Boston Properties Limited Partnership that can ultimately be exchanged into common stock or cash based on the stock’s fair market value.
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, tying the award to continued service over roughly a one-year period. Following this grant, Kipp directly holds 13,495 LTIP Units, reinforcing that this filing reflects compensation rather than an open-market share purchase or sale.
WALTON WILLIAM H III reported acquisition or exercise transactions in this Form 4 filing.
BXP, Inc. director William H. Walton III received a grant of 3,332 LTIP Units on May 29, 2026 as equity-based compensation. These LTIP Units carry a stated value of $0.25 per unit and are convertible into partnership units that can ultimately be exchanged for cash or BXP common stock.
The 3,332 LTIP Units will vest on the earlier of May 29, 2027 or the company’s 2027 annual meeting of stockholders. Following this grant, Walton holds 17,629 LTIP Units in total, strengthening his equity-linked interest in the business without involving any open-market share purchases or sales.
KLEIN JOEL reported acquisition or exercise transactions in this Form 4 filing.
BXP, Inc. director Joel Klein received a grant of 3,332 LTIP Units on May 29, 2026 as equity-based compensation. Each LTIP Unit represents a limited partnership interest in Boston Properties Limited Partnership and is convertible into a common OP unit, which may ultimately be redeemable for cash or one share of BXP common stock. Following this award, Klein holds 22,839 LTIP Units directly. 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.
BXP, Inc. director Timothy J. Naughton received a grant of 3,332 shares of common stock on May 29, 2026. The shares were awarded at a reported price of $0.00 per share, indicating a compensation-related equity award rather than an open-market purchase. Following this grant, Naughton directly holds 8,601 shares of BXP common stock. This filing reflects a routine equity award and does not show any stock sales or option exercises.
DUNCAN BRUCE W reported acquisition or exercise transactions in this Form 4 filing.
BXP, Inc. director Bruce W. Duncan received a grant of 3,332 LTIP Units on May 29, 2026 as equity-based compensation. These LTIP Units, tied to Boston Properties Limited Partnership, are convertible into Common OP Units and ultimately redeemable for cash or one share of BXP common stock per unit at the issuer’s election. The 3,332 LTIP Units will vest on the earlier of May 29, 2027 or the company’s 2027 annual stockholders meeting, and Duncan now holds 20,739 LTIP Units directly. The LTIP Units have no expiration date.
BXP, Inc. director Tony West reported receiving equity awards consisting of common stock and long-term incentive units. He was granted 1,666 shares of common stock, bringing his direct common stock holdings to 7,691 shares. He also received 1,666 LTIP Units in Boston Properties Limited Partnership, increasing his LTIP Unit holdings to 4,300 units.
Each LTIP Unit can, after certain tax-related conditions are met, be converted into a common partnership unit, which may then be redeemed for cash equal to the value of one BXP common share or, at BXP’s election, exchanged for one share of common stock. The 1,666 LTIP Units will vest on the earlier of May 29, 2027, or the date of BXP’s 2027 annual meeting of stockholders.
BXP, Inc. director Matthew J. Lustig received an equity-based compensation grant of 3,332 LTIP Units on May 29, 2026. These units represent limited partnership interests in Boston Properties Limited Partnership, which BXP controls as general partner.
Each LTIP Unit can convert into a Common OP Unit and then be redeemed for cash equal to the fair market value of one BXP common share, or, at BXP’s election, exchanged for one share of common stock instead of cash. The 3,332 LTIP Units will vest on the earlier of May 29, 2027 or the date of BXP’s 2027 annual stockholder meeting, and they have no expiration date. Following this award, Lustig holds 25,697 LTIP Units directly.
Hoskins Diane J reported acquisition or exercise transactions in this Form 4 filing.
BXP, Inc. director Diane J. Hoskins reported a stock-based compensation grant. On May 29, 2026, she received 3,332 shares of BXP common stock with a transaction price of $0.00 per share, classified as a grant or award rather than an open-market purchase. Following this award, her directly held stake increased to 18,929 shares of common stock.
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.
BXP, Inc. senior vice president and chief legal officer Eric G. Kevorkian reported a mix of conversions and sales of company equity. On May 21, he converted 2,000 Common OP Units in Boston Properties Limited Partnership into 2,000 shares of BXP common stock, then sold 200 shares at $60.2250 per share. On May 22, he sold an additional 2,000 shares at a weighted average price of $59.8508 per share, with individual trades ranging from $59.85 to $59.86. After these transactions, he directly held 311 shares of BXP common stock and 1,757.4300 Common OP Units, which are redeemable for cash equal to the fair market value of a common share, or, at the issuer’s election, one share of common stock per unit.
BXP, Inc. Executive Vice President Peter V. Otteni reported an open-market sale of 4,863 shares of common stock. The shares were sold on May 20, 2026 at a weighted average price of $59.0553 per share, in multiple trades between $59.01 and $59.075. Following this transaction, Otteni reported 0 shares of BXP common stock held directly.
BXP, Inc. Executive Vice President Peter V. Otteni converted partnership-based equity into common stock rather than trading shares on the market. He converted 4,863 LTIP Units in Boston Properties Limited Partnership into Common OP Units and redeemed those units for 4,863 shares of BXP common stock.
After these transactions, Otteni holds 4,863 shares of common stock directly and 94,515 LTIP Units. The LTIP Units and Common OP Units can, under the partnership agreement, be redeemed for cash equal to the fair market value of BXP common stock or, at the issuer’s election, for shares of BXP common stock. No open-market buys or sells were reported.
BXP, Inc. director Julie Richardson received a grant of Phantom Stock Units as part of her board compensation. She was awarded 481.7 Phantom Stock Units on common stock valued at $51.90 per unit, increasing her Phantom Stock Unit balance to 1,367.25 units.
The units were granted under BXP's 2021 Stock Incentive Plan to non‑employee directors who elect stock units instead of cash fees. Each Phantom Stock Unit converts into one share of BXP common stock, generally payable after the director retires from the board, with fractional units settled in cash.
BXP, Inc. director Joel Klein received a grant of 650.29 Phantom Stock Units, treated as a grant or award acquisition, at a reference price of $51.90 per unit. These units are issued under BXP's 2021 Stock Incentive Plan in lieu of director cash fees.
The Phantom Stock Units convert into BXP common stock on a 1-for-1 basis and are settled after Klein retires from the Board, either in a lump sum or ten annual installments. Following this grant, he holds a total of 23,515.49 Phantom Stock Units, including 243.58 units credited on January 29, 2026 via dividend equivalent rights.
BXP, Inc. director Mary E. Kipp received a grant of 529.87 Phantom Stock Units as deferred board compensation, at a deemed price of $51.90 per unit. This increased her holdings to 7,950.92 Phantom Stock Units, which convert into BXP common stock on a 1-for-1 basis.
The units are awarded under BXP's 2021 Stock Incentive Plan to non-employee directors who elect units instead of cash fees. They are generally settled in BXP common stock, in a lump sum or up to ten annual installments, after the director retires from the board.
The total includes 79.06 Phantom Stock Units credited from dividend equivalent rights on January 29, 2026, reflecting additional notional units earned on prior awards.
BXP, Inc. director William H. Walton III received a grant of 457.61 Phantom Stock Units at a reference price of $51.90 per unit as compensation. These units convert into BXP common stock on a 1-for-1 basis after he leaves the board, with options for lump-sum or installment payouts. Following this award, he holds a total of 9,688.42 Phantom Stock Units, including 98.33 units credited earlier through dividend equivalent rights.
DUNCAN BRUCE W reported acquisition or exercise transactions in this Form 4 filing.
BXP, Inc. director Bruce W. Duncan received a grant of 674.37 Phantom Stock Units as compensation in lieu of cash director fees. Each unit is linked 1-for-1 to BXP common stock and will be settled after he retires from the board, either in a lump sum or up to ten annual installments. Following this award and previously credited dividend equivalents, he holds a total of 13,273.79 Phantom Stock Units, which represent deferred, stock-based compensation rather than an open-market share purchase.
BXP, Inc. director Matthew J. Lustig received a grant of 578.03 Phantom Stock Units as compensation. These units were awarded under BXP's 2021 Stock Incentive Plan after he elected to take director fees in Phantom Stock Units instead of cash.
The Phantom Stock Units convert into BXP common stock on a 1-for-1 basis and will generally be settled in shares after his retirement from the board, either in a lump sum or over ten annual installments. Following this award, he holds a total of 20,826.42 Phantom Stock Units, including 215.70 units credited earlier through dividend equivalent rights on January 29, 2026.
BXP, Inc. director Tony West received a grant of 457.61 Phantom Stock Units, valued at $51.90 per unit, as director compensation. This award increased his Phantom Stock Unit balance to 4,394.46 units. Each Phantom Stock Unit converts into one share of BXP common stock, typically after he retires from the board.
The units were granted under BXP’s 2021 Stock Incentive Plan to a non-employee director who chose stock-based compensation instead of cash fees. The total includes 41.94 Phantom Stock Units credited earlier through dividend equivalent rights, and payouts may be made in stock or cash depending on elections and any reallocation to measurement funds.
BXP, Inc. Executive Vice President Hilary J. Spann reported an open-market sale of 5,495 shares of common stock on February 27, 2026. The weighted average sale price was $59.69 per share, with individual trades ranging from $59.18 to $59.77 per share. After this transaction, Spann directly holds 17,832 BXP common shares.
BXP, Inc. Executive Vice President Hilary J. Spann reported derivative conversions involving partnership units and common stock. On 2026-02-25, Spann converted 5,495 LTIP Units in Boston Properties Limited Partnership into 5,495 Common OP Units, which were then redeemed for 5,495 shares of BXP common stock under the partnership agreement.
After these transactions, Spann directly held 39,923 LTIP Units and 23,327 shares of BXP common stock. The footnotes explain that LTIP Units and Common OP Units are partnership interests with no expiration date that can, at the holder’s or partnership’s election, be exchanged for cash or BXP common stock.
BXP, Inc.’s EVP and CFO Michael E. Labelle reported an equity incentive award. On February 13, 2026, he acquired 7,736 LTIP Units at $0.25 per unit under BXP’s 2023 multi-year long-term incentive program. These LTIP Units represent limited partnership interests in Boston Properties Limited Partnership that can later convert into units redeemable for either cash or BXP common stock. Following this grant, Labelle beneficially owns 324,376 derivative securities, and the earned LTIP Units are fully vested but generally subject to a one-year post-vesting holding period before transfer or redemption.
BXP, Inc. senior executive Raymond A. Ritchey reported an equity award tied to long-term performance. On 02/13/2026, he acquired 15,163 LTIP Units at $0.25 per unit, bringing his directly held derivative interest to 93,357 LTIP Units.
The LTIP Units were earned after performance-based hurdles were met under BXP’s 2023 Multi-Year Long-Term Incentive Program. These partnership units in Boston Properties Limited Partnership can be converted into Common OP Units and then redeemed for cash equal to the fair market value of one BXP common share, or, at the issuer’s election, exchanged for one share of common stock. The earned LTIP Units vested in full but remain subject to a one-year post-vesting holding period before transfer or redemption rights can generally be used.
BXP, Inc. reported that Chief Executive Officer and director Thomas Owen D acquired 35,930 LTIP Units on February 13, 2026 as a grant under the company’s 2023 Multi-Year Long-Term Incentive Program after performance hurdles were met.
These LTIP Units represent limited partnership interests in Boston Properties Limited Partnership and are convertible into common OP units that may ultimately be redeemed for cash or BXP common stock. The LTIP Units vested in full upon being earned and are subject to a one-year post-vesting holding period. Following this award, the reporting person beneficially owns 1,107,523 derivative securities.
BXP, Inc. Executive Vice President Bryan J. Koop reported an acquisition of 5,501 LTIP Units on February 13, 2026 under the company’s 2023 multi-year long-term incentive program after performance hurdles were met. These derivative awards were priced at $0.25 per unit.
Each LTIP Unit can be converted into a partnership unit and then redeemed for either cash equal to the value of one BXP common share or one actual share, with no expiration date. The LTIP Units vested upon being earned but are subject to a one-year post-vesting holding period.
Following this grant, Koop beneficially owned 222,070 derivative securities. The filing also notes a forfeiture of 5,222 earlier LTIP Units originally issued in 2023 that did not satisfy performance-based vesting conditions tied to total shareholder return through February 6, 2026.
BXP, Inc. President and Director Douglas T. Linde acquired 20,973 LTIP Units on February 13, 2026 as an incentive award. The units were earned under the company’s 2023 multi-year long-term incentive program after performance hurdles were met, at a stated price of $0.25 per unit.
Each LTIP Unit can potentially convert into a partnership unit that may later be redeemed for cash equal to the fair market value of one share of BXP common stock, or, at the issuer’s election, one share of BXP common stock. After this grant, Linde beneficially owns 807,060 derivative securities. The LTIP Units vested upon being earned but are subject to an additional one-year post-vesting holding period, and the filing notes a prior forfeiture of 19,907 LTIP Units that did not meet performance conditions.
THOMAS OWEN D reported open-market sale transactions in a Form 4 filing for BXP. The filing lists transactions totaling 2,396 shares at a weighted average price of $61.22 per share. Following the reported transactions, holdings were 1,198 shares.
BXP, Inc. Executive Vice President Hilary J. Spann reported a sale of company stock. On February 5, 2026, she sold 1,194 shares of BXP common stock at a price of $63.31 per share. After this transaction, she beneficially owns 17,832 shares directly.
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.
BXP, Inc. Executive Vice President Hilary J. Spann reported acquiring 12,757 shares of common stock on January 30, 2026, at a reported price of $0 per share. Following this transaction, Spann directly beneficially owns 19,026 shares of BXP common stock.
BXP, Inc. executive vice president and chief financial officer Michael E. Labelle reported an equity incentive grant of 23,194 LTIP Units on January 30, 2026. These units were recorded at a price of $0.25 per LTIP Unit, increasing his beneficially owned derivative securities to 323,983 LTIP Units, held directly.
The LTIP Units are limited partnership interests in Boston Properties Limited Partnership that can be converted into common operating partnership units and then redeemed for cash equal to the fair market value of one share of BXP common stock, or, at the issuer’s election, one share of common stock per unit. The 23,194 LTIP Units vest in four equal annual installments beginning on January 15, 2027, providing long-term, performance-linked compensation.
BXP, Inc.'s Chief Executive Officer received a grant of 73,063 LTIP Units on January 30, 2026. These units are limited partnership interests in Boston Properties Limited Partnership issued under the company’s equity incentive programs, with an exercise price of $0.25.
Each LTIP Unit can convert into a Common OP Unit and then be redeemed for cash equal to the fair market value of one share of BXP common stock, or exchanged for one share at the issuer’s election. The LTIP Units were fully vested upon grant and have no expiration date, leaving the CEO holding 1,105,695 derivative securities after this transaction.
BXP, Inc. reported that officer Eric G. Kevorkian, its SVP, CLO and Secretary, received an award of 3,827 LTIP Units of Boston Properties Limited Partnership on January 30, 2026 at $0.25 per unit. These LTIP Units vest in four equal annual installments starting on January 15, 2027 and are convertible into partnership units that may ultimately be redeemed for cash or shares of BXP common stock. Following this grant, Kevorkian beneficially owns 44,305.91 derivative securities on a direct basis.
BXP, Inc. reported that President and Director Douglas T. Linde received an award of 52,574 LTIP Units on January 30, 2026. These units are derivative securities representing limited partnership interests in Boston Properties Limited Partnership, the operating partnership of BXP.
Each LTIP Unit can be converted into a common operating partnership unit, which may then be redeemed for cash equal to the fair market value of one share of BXP common stock, or, at BXP’s election, exchanged for one share of common stock. The 52,574 LTIP Units vest in four equal annual installments beginning on January 15, 2027, and this grant brought Linde’s beneficially owned derivative securities to 805,994 units, held directly.