Richardson Julie 4

4 · BXP, Inc. · Filed Apr 1, 2026

AI-generated summary of this filing

Updated Apr 1, 2026

BXP Director Julie Richardson Receives Phantom Stock Award

What Happened

Julie Richardson, a director of BXP, received a grant of 481.7 Phantom Stock Units (derivative award) on 2026-03-31. The units are reported at an implied value of $51.90 each, totaling $25,000. The transaction is coded as an award/grant (A) and is a compensation-related derivative award rather than an open-market purchase.

Key Details

Transaction date: 2026-03-31; filing date: 2026-04-01 (timely filing).
Award size and value: 481.7 Phantom Stock Units at $51.90 each = $25,000.
Conversion: Phantom Stock Units convert to BXP common stock on a 1-for-1 basis (Footnote F1).
Dividend equivalents: The award includes 9.43 Phantom Stock Units credited as dividend equivalents on January 29, 2026 (F3).
Plan and settlement terms: Awarded under BXP’s 2021 Stock Incentive Plan for non‑employee directors who elected phantom units in lieu of cash; units are settled in shares (or cash for fractional units) either in a lump sum or up to ten annual installments after board retirement, with optional reallocation to measurement funds that would be settled in cash (F2).
Shares owned after transaction: Not disclosed in the provided filing.

Context

These Phantom Stock Units are a form of deferred compensation for non-employee directors and will convert to common shares (or cash for certain elections) after the director’s service ends. Such awards are routine for director pay and should be viewed as compensation-related rather than an immediate bullish purchase signal.

Form 4

Period: 2026-03-31

Director

Transactions

Award
Phantom Stock Units
[F1][F2][F3]
2026-03-31$51.90/sh+481.7$25,000→ 1,367.25 total
→ Common Stock, par value $0.01 (481.7 underlying)

Footnotes (3)

[F1]The Phantom Stock Units convert to BXP, Inc. ("BXP") common stock on a 1-for-1 basis.
[F2]The Phantom Stock Units are awarded under BXP's 2021 Stock Incentive 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 make one or more elections to reallocate all or a portion (but only in 25% increments) of their notional investment from BXP common stock to a deemed investment in one or more measurement funds. These elections may only be made after the director's service on the BXP Board of Directors ends. Amounts notionally invested in measurement funds will be settled in cash instead of BXP common stock.
[F3]Includes 9.43 Phantom Stock Units received pursuant to dividend equivalent rights which were credited to the Reporting Person on January 29, 2026.

Signature

/s/ Kelli A. DiLuglio, as Attorney-in-Fact|2026-04-01

1 file