Form 4 Filing for BXP, Inc.

2025-12-22SEC Filing 4 (0001339081-25-000005)

This filing details a Form 4 submission for BXP, Inc. (BXP), reporting on transactions by Thomas Owen D, the Chief Executive Officer and a director. On December 22, 2025, Mr. Owen acquired 211,864 LTIP Units, which represent units of limited partnership interest in Boston Properties Limited Partnership. The acquisition price was $0.25 per unit. These LTIP Units are part of the Issuer's 2025 Outperformance Plan and are subject to both performance-based and time-based vesting conditions. The performance conditions are tied to the appreciation of BXP's common stock price over a four-year period ending December 22, 2029, with vesting tiers ranging from $90.00 to $118.00. Time-based vesting occurs over three years, starting with one-third on the second anniversary of the grant date. Following this transaction, Mr. Owen holds 1,032,632 LTIP Units. The LTIP Units may be converted into Common OP Units, which can then be redeemed for cash or exchanged for shares of the Issuer's common stock.

Ticker mentioned:BXP