KIPP MARY E 4
4 · BXP, Inc. · Filed Apr 1, 2026
Research Summary
AI-generated summary of this filing
BXP Director Mary Kipp Receives Phantom Stock Award
What Happened
Mary E. Kipp, a director of BXP, was awarded 529.87 Phantom Stock Units on 2026-03-31, valued at $51.90 each for a total grant value of $27,500. This was an award (not a market purchase or sale) granted as part of director compensation and is a derivative entitlement that converts 1-for-1 into BXP common shares.
Key Details
- Transaction date and price: 2026-03-31; 529.87 units @ $51.90 each = $27,500 total.
- Shares owned after transaction: Not specified in the filing.
- Footnotes of note:
- F1: Phantom Stock Units convert to BXP common stock on a 1-for-1 basis.
- F2: Units awarded under BXP’s 2021 Stock Incentive Plan for non-employee directors who elected phantom units in lieu of cash; settlement occurs in shares (fractional units in cash) in a lump sum or up to ten annual installments after retirement; directors may reallocate post-retirement to measurement funds (those amounts are settled in cash).
- F3: The award includes 79.06 Phantom Stock Units credited as dividend equivalents on Jan 29, 2026.
- Filing timeliness: Report covers period ending 2026-03-31 and was filed 2026-04-01 (appears timely).
Context
Phantom Stock Units are a common form of director compensation and represent a future right to receive shares (or cash in some cases); they are not an immediate cash purchase or sale of stock. Such awards reflect compensation policy rather than an open-market bullish or bearish trade by the director.
Insider Transaction Report
Form 4
BXP, Inc.BXP
KIPP MARY E
Director
Transactions
- Award
Phantom Stock Units
[F1][F2][F3]2026-03-31$51.90/sh+529.87$27,500→ 7,950.92 total→ Common Stock, par value $0.01 (529.87 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 reallocate 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 79.06 Phantom Stock Units received pursuant to dividend equivalent rights which were credited to the Reporting Person on January 29, 2026.
Signature
/s/ Kelli A. DiLuglio, as Attorney-in-Fact|2026-04-01