BXP CFO Michael E. LaBelle Converts LTIP Units to Common Stock

Michael E. LaBelle, Executive Vice President and CFO of BXP, Inc., converted 23,981 LTIP Units in Boston Properties Limited Partnership (BPLP) into Common OP Units and subsequently redeemed them for an equal number of shares of BXP common stock on June 4, 2026. The conversion was executed at a price of $0.25 per LTIP Unit, resulting in LaBelle acquiring 23,981 shares of BXP common stock. Following this transaction, LaBelle's direct holdings of BXP common stock increased to 31,952 shares, while his remaining LTIP Units position stands at 300,395 units. The transaction represents a routine conversion of equity-based compensation under BXP's incentive programs, where LTIP Units can be converted to Common OP Units and then redeemed for cash or common stock at the company's election. This Form 4 filing documents the executive's ongoing participation in the company's equity compensation plan.