Richardson Julie 4
4 · BXP, Inc. · Filed Jul 1, 2026
Research Summary
AI-generated summary of this filing
BXP Director Julie Richardson Receives Phantom Stock Award
What Happened Julie Richardson, a member of the BXP Board of Directors, received a grant of 364.45 Phantom Stock Units (derivative award) on 2026-06-30. The filing values the award at $66.31 per unit for a total grant value of $24,167. The award is reported as an "A" (award/grant) and is a derivative right that converts to BXP common stock on a 1-for-1 basis when settled.
Key Details
- Transaction date: 2026-06-30; reported on Form 4 filed 2026-07-01 (timely).
- Award: 364.45 Phantom Stock Units @ $66.31 each = $24,167 (derivative grant).
- Transaction code: A (Award/Grant).
- Shares owned after transaction: not specified in the filing.
- Footnote highlights:
- F1: Phantom Stock Units convert to BXP common stock 1-for-1.
- F2: Units awarded under BXP's 2021 Stock Incentive Plan for non-employee directors who elected phantom units in lieu of cash; settlement occurs after board retirement either in a lump sum or up to ten annual installments, and directors may elect post-retirement to convert some units to measurement funds (those amounts are settled in cash).
- F3: The grant includes 16.37 Phantom Stock Units credited as dividend equivalents on 2026-04-30.
Context This is a standard director compensation award, not an open-market purchase or sale. Phantom Stock Units are a deferred/derivative form of equity compensation and will either convert to shares or be settled in cash per plan terms when paid out; such awards are routine and typically reflect compensation policy rather than a direct signal of insider trading intent.
Insider Transaction Report
- Award
Phantom Stock Units
[F1][F2][F3]2026-06-30$66.31/sh+364.45$24,167→ 1,748.07 total→ Common Stock, par value $0.01 (364.45 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 convert 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 16.37 Phantom Stock Units received pursuant to dividend equivalent rights which were credited to the Reporting Person on April 30, 2026.