LINDE DOUGLAS T 4

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.