THOMAS OWEN D 4

What Happened
Thomas Owen D, Chief Executive Officer of BXP, received an award of 73,063 LTIP Units (derivative units) on January 30, 2026. The units are reported at $0.25 each, for a total reported value of $18,266. This was an equity award (transaction code A), not an open-market purchase or sale.

Key Details

• Transaction date and type: 2026-01-30 — Grant/award of LTIP Units (A).
• Price/value reported: $0.25 per unit; total $18,266.
• Shares/units owned after transaction: Not disclosed in the filing.
• Vesting: The 73,063 LTIP Units were fully vested upon grant per the filing (footnote).
• Derivative mechanics (footnote summary): LTIP Units are limited partnership units in BPLP that can be converted to common OP units and may be redeemed for cash equal to the fair market value of a BXP share, or converted into BXP shares at the issuer’s election. LTIP Units have no expiration date.
• Filing timeliness: Form 4 was filed on Feb 2, 2026 for the Jan 30 transaction (filed within the normal reporting window).

Context
This was an equity award under BXP’s incentive plan and represents a derivative interest (LTIP Units) rather than an immediate purchase of common stock. The dollar value is modest; such grants are often part of compensation programs and do not by themselves indicate a change in insider sentiment.