LUSTIG MATTHEW J 4
4 · BXP, Inc. · Filed Jul 1, 2026
Research Summary
AI-generated summary of this filing
BXP Director Matthew J. Lustig Receives Phantom Stock Award
What Happened
Matthew J. Lustig, a director of BXP, received a grant of 439.86 Phantom Stock Units (derivative award) on June 30, 2026. The units are reported at an equivalent value of $66.31 each for a total reported value of $29,167. This was an award/grant (code A), not an open-market purchase or sale.
Key Details
- Transaction date and value: 2026-06-30; 439.86 units @ $66.31 = $29,167 (derivative award).
- Instrument: Phantom Stock Units that convert 1-for-1 into BXP common stock (see footnote F1).
- Shares owned after transaction: not specified in this Form 4 filing.
- Notable footnotes:
- F1: Phantom Stock Units convert to BXP common stock on a 1-for-1 basis.
- F2: Units awarded under the 2021 Stock Incentive Plan for non‑employee directors who elected phantom units in lieu of cash; settlement occurs after the director’s retirement (lump sum or up to ten annual installments); fractional units paid in cash; some amounts may be converted to measurement funds and settled in cash.
- F3: The reported grant includes 249.38 Phantom Stock Units credited as dividend equivalents on April 30, 2026.
- Timeliness: Filed 2026-07-01 for a 2026-06-30 transaction. This filing appears timely (Form 4s are generally due within two business days).
Context
Phantom Stock Units are a derivative, not immediate share purchases; they represent a right to receive company stock (or cash in limited circumstances) in the future per the director plan. Awards to non-employee directors are common compensation and do not necessarily indicate the director bought or sold company shares today.
Insider Transaction Report
Form 4
BXP, Inc.BXP
LUSTIG MATTHEW J
Director
Transactions
- Award
Phantom Stock Units
[F1][F2][F3]2026-06-30$66.31/sh+439.86$29,167→ 21,515.66 total→ Common Stock, par value $0.01 (439.86 underlying)
Footnotes (3)
- [F1]The Phantom Stock Units convert to BXP, Inc. ("BXP") common stock on a 1-for-1 basis.
- [F2]The Phantom Stock Units are awarded under BXP's 2021 Stock Incentive Plan to non-employee directors who elected to receive Phantom Stock Units in lieu of director cash compensation fees. The Phantom Stock Units are to be settled in shares of BXP common stock (except that fractional units, if any, will be settled in cash) in a lump sum or in ten annual installments, at the reporting person's election, following the reporting person's retirement from the BXP Board of Directors. In addition, non-employee directors who elect a deferred payout following their retirement may make one or more elections to convert all or a portion (but only in 25% increments) of their notional investment from BXP common stock to a deemed investment in one or more measurement funds. These elections may only be made after the director's service on the BXP Board of Directors ends. Amounts notionally invested in measurement funds will be settled in cash instead of BXP common stock.
- [F3]Includes 249.38 Phantom Stock Units received pursuant to dividend equivalent rights which were credited to the Reporting Person on April 30, 2026.
Signature
/s/ Kelli A. DiLuglio, as Attorney-in-Fact|2026-07-01