Richardson Julie 4

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.