KLEIN JOEL 4
4 · BXP, Inc. · Filed Jun 2, 2026
Research Summary
AI-generated summary of this filing
BXP Director Joel Klein Receives LTIP Award (3,332 Units)
What Happened
Joel Klein, a director of BXP, Inc., was granted 3,332 LTIP units (an equity-based limited partnership derivative) on May 29, 2026. The units were recorded at $0.25 each for a nominal total of $833. This was an award/grant (compensation), not an open-market purchase or sale.
Key Details
- Transaction date: 2026-05-29; Form 4 filed: 2026-06-02 (filed timely within the SEC two-business-day requirement).
- Transaction type/code: A — Grant / Award (derivative LTIP Units).
- Count and price: 3,332 LTIP Units at $0.25 each; total nominal value $833.
- Vesting: The 3,332 LTIP Units vest on the earlier of (i) May 29, 2027 or (ii) BXP’s 2027 annual meeting of stockholders.
- Security details (footnote): LTIP Units are limited partnership units in Boston Properties Limited Partnership that can, subject to tax-related conditions, be converted into common OP Units and then redeemed for cash equal to the fair market value of a BXP common share or exchanged for one share at the issuer’s election. LTIP Units have no expiration date.
- Shares owned after the transaction: Not reported in the provided filing (post-transaction holdings not specified).
Context
This is a standard director compensation award rather than an investment buy or sale. LTIP Units are derivative/partnership interests that can ultimately be redeemed or converted into common-stock-equivalent value; such grants are common and reflect compensation policy rather than a personal market bet.
Insider Transaction Report
Form 4
BXP, Inc.BXP
KLEIN JOEL
Director
Transactions
- Award
LTIP Units
[F1][F2]2026-05-29$0.25/sh+3,332$833→ 22,839 total→ Common Stock, par value $0.01 (3,332 underlying)
Footnotes (2)
- [F1]Represents units of limited partnership interest in Boston Properties Limited Partnership ("BPLP"), of which the Issuer is the general partner, issued pursuant to the Issuer's equity based incentive programs ("LTIP Units"). Conditioned upon minimum allocations to the capital accounts of the LTIP Units for federal income tax purposes, each LTIP Unit may be converted, at the election of BPLP or the holder, into a common unit of limited partnership interest in BPLP ("Common OP Unit"). Each Common OP Unit acquired upon conversion of an LTIP Unit may be presented for redemption, at the election of the holder, for cash equal to the then fair market value of a share of the Issuer's common stock, except that the Issuer may, at its election, acquire each Common OP Unit so presented for one share of common stock. LTIP Units have no expiration date.
- [F2]The 3,332 LTIP Units will vest on the earlier of (i) May 29, 2027 and (ii) the date of the BXP's 2027 annual meeting of stockholders.
Signature
/s/ Kelli A. DiLuglio, as Attorney-in-Fact|2026-06-02