DIEHL RODNEY 4
4 · BOSTON PROPERTIES LTD PARTNERSHIP · Filed Feb 2, 2026
Research Summary
AI-generated summary of this filing
Boston Properties (BXP) EVP Rodney Diehl Receives LTIP Award (8,504 Units)
What Happened Rodney Diehl, Executive Vice President of the issuer's general partner, was granted 8,504 LTIP units on January 30, 2026. The units were reported at $0.25 each for a total reported value of $2,126 and are coded as an award/acquisition (transaction code A). This was an equity compensation grant (not an open-market purchase or sale).
Key Details
- Transaction date: 2026-01-30; filing date: 2026-02-02 (timely filed).
- Grant: 8,504 LTIP Units @ $0.25 each; reported aggregate value $2,126.
- Vesting: Units vest in four equal annual installments beginning January 15, 2027.
- LTIP unit mechanics: LTIP Units may be converted into common OP units, which can be redeemed for cash equal to the fair market value of a share of BXP common stock or, at BXP's election, exchanged for one share of BXP common stock; LTIP Units have no expiration.
- Shares owned after transaction: Not specified in the filing.
- Transaction code: A (award/grant); no 10b5-1 plan or tax-withholding notation reported.
Context This is a standard equity compensation grant to an executive rather than a purchase or sale; such awards are routine for long-term incentive alignment and vest over multiple years. Because these LTIP Units are convertible/redeemable under the terms described, their ultimate economic value depends on future conversion/redemption elections and BXP’s stock value.
Insider Transaction Report
- Award
LTIP Units
[F1][F2]2026-01-30$0.25/sh+8,504$2,126→ 99,690 total→ Common OP Units (8,504 underlying)
Footnotes (2)
- [F1]Represents units of limited partnership in the Issuer issued pursuant to BXP, Inc.'s ("BXP"), the Issuer's general partner, 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 the Issuer or the holder, into a common unit of limited partnership interest in the Issuer ("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 BXP's common stock except that BXP may, at its election, acquire each Common OP Unit so presented for redemption for one share of BXP's common stock. LTIP Units have no expiration date.
- [F2]The 8,504 LTIP Units vest in four equal annual installments beginning on January 15, 2027.