LINDE DOUGLAS T 4
4 · BXP, Inc. · Filed Feb 2, 2026
Research Summary
AI-generated summary of this filing
BXP President Douglas T. Linde Receives 52,574 LTIP Units
What Happened
Douglas T. Linde, President and Director of BXP, received a grant of 52,574 LTIP units (derivative limited partnership interests) on January 30, 2026. The units were recorded at $0.25 each for a total reported value of $13,144. This was an award/grant (transaction code A), part of the company’s equity-based incentive program—not an open-market purchase or sale.
Key Details
- Transaction date: 2026-01-30; Filing date (Form 4): 2026-02-02 (timely filed).
- Grant amount & price: 52,574 LTIP Units at $0.25 per unit; total $13,144.
- Shares owned after transaction: Not specified in the provided filing.
- Footnote highlights:
- LTIP Units are limited partnership units in Boston Properties Limited Partnership (BPLP) that, subject to tax-related capital account allocations, may be converted to Common OP Units and then redeemed for cash equal to the fair market value of a BXP share or exchanged for one share at the issuer’s election. LTIP Units have no expiration.
- Vesting: the 52,574 units vest in four equal annual installments beginning January 15, 2027.
- Transaction type: Award/Grant (A); derivative security (not a direct stock purchase).
Context
This is a compensation-based grant rather than a buy or sell; such awards are common for executives and reflect incentive compensation, not a direct market signal. Because these are LTIP units (convertible/redeemable under specified conditions) and they vest over several years, they represent future potential economic interest rather than immediate stock ownership.
Insider Transaction Report
- Award
LTIP Units
[F1][F2]2026-01-30$0.25/sh+52,574$13,144→ 805,994 total→ Common Stock, par value $0.01 (52,574 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 52,574 LTIP Units vest in four equal annual installments beginning on January 15, 2027.