Richardson Julie 4
4 · BOSTON PROPERTIES LTD PARTNERSHIP · Filed Jun 2, 2026
Research Summary
AI-generated summary of this filing
Boston Properties Director Julie Richardson Receives Award
What Happened Julie Richardson, a director of Boston Properties Ltd Partnership, was granted 3,332 LTIP units (reported as a derivative award) on May 29, 2026. The grant price is $0.25 per unit, for a total reported value of $833. This was an award (code A), not an open-market purchase or sale.
Key Details
- Transaction date: 2026-05-29; filing date: 2026-06-02 (filed on the second business day — timely).
- Grant: 3,332 LTIP units at $0.25/unit — total reported value $833.
- Security type: LTIP Units (derivative interest in the partnership), not direct shares of BXP common stock.
- Shares owned after transaction: Not disclosed in the Form 4 filing.
- Footnote highlights:
- F1: LTIP Units are limited partnership units that may be converted into common OP units and, on presentation, redeemed for cash equal to the fair market value of a BXP (BXP, Inc.) share or, at BXP’s election, exchanged for one share of BXP common stock. LTIP Units have no expiration.
- F2: The 3,332 LTIP Units vest on the earlier of May 29, 2027 or BXP’s 2027 annual meeting of stockholders.
Context This was a routine director equity award intended to align compensation with company performance and shareholder value; the units vest in about one year and are a derivative interest tied to BXP’s common stock value. Because these are deferred/convertible units rather than an immediate cash purchase or sale of stock, they do not represent a near-term buy or sell signal. The reported dollar value is small ($833) and reflects the unit grant price used for reporting.
Insider Transaction Report
- Award
LTIP Units
[F1][F2]2026-05-29$0.25/sh+3,332$833→ 5,766 total→ Common OP Units (3,332 underlying)
Footnotes (2)
- [F1]Represents units of limited partnership interest 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 one share of BXP's common stock. LTIP Units have no expiration date.
- [F2]The 3,332 LTIP Units will vest on the earlier of (i) May 29, 2027 and (ii) the date of BXP's 2027 annual meeting of stockholders.