DIEHL RODNEY 4

What Happened Rodney Diehl, Executive Vice President of BXP, was granted 8,504 LTIP units (derivative award) on 2026-01-30 at a reported price of $0.25 per unit, for a total reported value of $2,126. This was an equity-based compensation award (transaction code A), not an open-market purchase or sale.

Key Details

• Transaction date: 2026-01-30; Form 4 filed: 2026-02-02 (filed timely).
• Award: 8,504 LTIP Units at $0.25 each; total reported value $2,126.
• Shares/units owned after the transaction: not specified in the provided filing excerpt.
• Footnote summary:
  • F1: LTIP Units are limited partnership interests in Boston Properties Limited Partnership (BPLP). They can be converted into common OP units and, on redemption, may be paid in cash equal to the fair market value of a BXP share or, at the issuer's election, exchanged for one share of BXP common stock. LTIP Units have no expiration.
  • F2: The 8,504 LTIP Units vest in four equal annual installments beginning January 15, 2027.
• Transaction type: Award/Grant (code A) — part of equity compensation.

Context This is a compensation grant rather than a market purchase or sale, so it reflects executive compensation policy/long-term incentives rather than a direct market sentiment signal. The units are derivative LTIP units with stated conversion/redemption mechanics and multi-year vesting.