LINDE DOUGLAS T 4
4 · BOSTON PROPERTIES LTD PARTNERSHIP · Filed Feb 2, 2026
Research Summary
AI-generated summary of this filing
Boston Properties President Douglas Linde Receives LTIP Award
What Happened
Douglas T. Linde, President of the general partner and a director, was granted 52,574 LTIP units (derivative award) in Boston Properties Limited Partnership on January 30, 2026. The filing reports a per-unit acquisition value of $0.25, totaling $13,144. This was an award/grant (transaction code A), not an open-market purchase or sale.
Key Details
- Transaction date: 2026-01-30; Filing date: 2026-02-02 (timely filed).
- Amount: 52,574 LTIP Units at $0.25 per unit; total reported value $13,144.
- Shares/units owned after the transaction: not specified in this Form 4.
- Footnote on LTIP Units: units are convertible (at issuer or holder election) into common OP units and may be redeemable for cash equal to the fair market value of BXP common stock or exchanged for BXP shares; LTIP Units have no expiration.
- Vesting: the 52,574 LTIP Units vest in four equal annual installments beginning Jan 15, 2027.
Context
These LTIP units are a derivative-style long-term incentive tied to BXP, Inc.'s equity-based plans and do not represent an immediate cash sale or open-market purchase. Vesting over multiple years means the economic benefit is realized gradually, and conversion/redemption terms determine how the units ultimately settle (cash or BXP shares).
Insider Transaction Report
- Award
LTIP Units
[F1][F2]2026-01-30$0.25/sh+52,574$13,144→ 805,994 total→ Common OP Units (52,574 underlying)
Footnotes (2)
- [F1]Represents units of limited partnership in the Issuer issued pursuant to BXP, Inc.'s ("BXP"), the Issuer's general partner, 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 the Issuer or the holder, into a common unit of limited partnership interest in the Issuer ("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 BXP's common stock except that BXP may, at its election, acquire each Common OP Unit so presented for redemption for one share of BXP's common stock. LTIP Units have no expiration date.
- [F2]The 52,574 LTIP Units vest in four equal annual installments beginning on January 15, 2027.