BXP Director William H. Walton III Receives 345.6 Phantom Stock Units in Lieu of Cash Compensation

On June 30, 2026, BXP, Inc. director William H. Walton III received 345.6 phantom stock units in lieu of director cash compensation fees under the company's 2021 Stock Incentive Plan. The phantom stock units convert to BXP common stock on a 1-for-1 basis and will be settled in shares of BXP common stock following Walton's retirement from the board, with the option for deferred payout in installments. The transaction was valued at $66.31 per share, bringing Walton's total phantom stock unit holdings to 10,150.03 units. This includes 116.01 phantom stock units received through dividend equivalent rights credited on April 30, 2026. The filing represents a standard Form 4 disclosure of equity compensation for non-employee directors.