BXP Director Tony West Receives 351.63 Phantom Stock Units in Lieu of Director Fees

This Form 4 filing reports that BXP, Inc. director Tony West received 351.63 phantom stock units on June 30, 2026, as part of his director compensation. The phantom stock units were awarded under BXP's 2021 Stock Incentive Plan in lieu of cash director fees and convert to BXP common stock on a 1-for-1 basis. The transaction price was $66.31 per share, with a total value of approximately $23,300. Following this award, West holds 4,798.71 phantom stock units. The phantom stock units will be settled in BXP common stock (or cash for fractional units) following West's retirement from the BXP Board of Directors, either in a lump sum or ten annual installments. The filing also notes that 52.62 of the units were received as dividend equivalent rights credited on April 30, 2026.