4//SEC Filing
KLEIN JOEL 4
Accession 0001246991-23-000011
CIK 0001037540other
Filed
Jan 2, 7:00 PM ET
Accepted
Jan 3, 2:05 PM ET
Size
6.5 KB
Accession
0001246991-23-000011
Insider Transaction Report
Form 4
KLEIN JOEL
Director
Transactions
- Award
Phantom Stock Units
2022-12-31$67.58/sh+443.92$30,000→ 13,241.06 total→ Common Stock, par value $0.01 (443.92 underlying)
Footnotes (3)
- [F1]The Phantom Stock Units convert to Common Stock on a 1-for-1 basis
- [F2]The Phantom Stock Units are awarded under the Boston Properties, Inc. ("BXP") 2021 Stock Incentive Plan (the "2021 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 elect to convert not less than 100% of their notional investment from BXP common stock to a deemed investment in one or more measurement funds. This election may only be made after the director's service on the BXP Board of Directors ends. A director's account that has been converted to measurement funds will be settled in cash instead of BXP common stock.
- [F3]Includes 170.21 Phantom Stock Units received pursuant to dividend equivalent rights which were credited to the Reporting Person on October 31, 2022.
Documents
Issuer
BOSTON PROPERTIES INC
CIK 0001037540
Entity typeother
Related Parties
1- filerCIK 0001166832
Filing Metadata
- Form type
- 4
- Filed
- Jan 2, 7:00 PM ET
- Accepted
- Jan 3, 2:05 PM ET
- Size
- 6.5 KB