LINDE DOUGLAS T 4

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).