Spann Hilary J. Acquires LTIP Units

On December 22, 2025, Hilary J. Spann, Executive Vice President of BXP, Inc., acquired 59,322 LTIP Units. These units, representing limited partnership interests in Boston Properties Limited Partnership, were granted under the 2025 Outperformance Plan. Each LTIP Unit may be converted into a common OP Unit, which can then be redeemed for cash or exchanged for shares of the Issuer's common stock. The LTIP Units are subject to performance-based vesting tied to the appreciation of BXP's common stock price, with performance tiers ranging from $90.00 to $118.00 over a four-year period ending December 22, 2029. Additionally, the units are subject to time-based vesting, with one-third vesting on the second anniversary of the grant date and the remainder vesting over the subsequent two years, contingent upon continued service and achievement of performance conditions. The acquisition price was $0.25 per unit, and post-transaction, Mr. Spann holds 104,740 LTIP Units.