Richardson Julie 4

What Happened Julie Richardson, a director of Boston Properties, Inc. (BXP), was granted 3,332 LTIP units (a derivative award) on May 29, 2026. The units were reported at $0.25 each for a total reported value of $833. This was an award/grant (transaction code A), not an open-market purchase or sale.

Key Details

• Transaction date: 2026-05-29; Form 4 filed: 2026-06-02 (no late-filing flag noted in the filing excerpt).
• Units granted: 3,332 LTIP Units at $0.25 each; total reported value $833.
• Shares/units owned after transaction: Not specified in the provided Form 4 excerpt.
• Footnote F1 (derivative detail): LTIP Units are limited partnership units of Boston Properties Limited Partnership (BPLP). They may be converted into Common OP Units and, upon conversion, can be redeemed for cash equal to the fair market value of a BXP common share or, at the issuer’s election, exchanged for one share of common stock. LTIP Units have no expiration.
• Footnote F2 (vesting): The 3,332 LTIP Units vest on the earlier of May 29, 2027 or BXP’s 2027 annual meeting of stockholders.

Context This is a standard equity award to an insider (director) under Boston Properties’ incentive program. Because these are derivative LTIP units with conversion/redemption mechanics and a one-year vesting schedule, they do not represent immediate stock purchases or sales and should be viewed as compensation rather than a direct bullish or bearish trading signal.