Richardson Julie 4

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.