Walsh Michael R. 4
4 · BOSTON PROPERTIES LTD PARTNERSHIP · Filed Feb 2, 2026
Research Summary
AI-generated summary of this filing
Boston Properties (BXP) SVP Michael R. Walsh Receives Award 4,638 Units
What Happened Michael R. Walsh, SVP and Chief Accounting Officer of the issuer's general partner, was granted 4,638 LTIP units on January 30, 2026. The units were reported at $0.25 each for a total grant value of $1,160. This was an award/grant (not an open-market purchase or sale) as part of equity-based compensation.
Key Details
- Transaction date: January 30, 2026; Filing date: February 2, 2026 (timely).
- Price per unit: $0.25; Total reported value: $1,160.
- Transaction code: A (award/grant); classified as a derivative (LTIP Units).
- Shares/units owned after the transaction: not disclosed in this filing.
- Footnotes: See below for conversion, redemption, and vesting details.
Context
- LTIP Units (footnote 1): units of limited partnership issued under BXP, Inc.'s equity incentive programs. Each LTIP Unit may be converted (by holder or issuer) into a common OP Unit, which can be redeemed for cash equal to the fair market value of a BXP common share or, at BXP's election, exchanged for one share of BXP common stock. LTIP Units have no expiration.
- Vesting (footnote 2): the 4,638 LTIP Units vest in four equal annual installments beginning January 15, 2027.
- Interpretation: This is a routine equity compensation grant to an executive — not a purchase or sale — and therefore is generally a compensation matter rather than a direct market sentiment signal.
Insider Transaction Report
Form 4
Walsh Michael R.
SVP & Chief Acctg. Off. of GP
Transactions
- Award
LTIP Units
[F1][F2]2026-01-30$0.25/sh+4,638$1,160→ 36,822 total→ Common OP Units (4,638 underlying)
Footnotes (2)
- [F1]Represents units of limited partnership 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 redemption for one share of BXP's common stock. LTIP Units have no expiration date.
- [F2]The 4,638 LTIP Units vest in four equal annual installments beginning on January 15, 2027.
Signature
/s/ Kelli A. DiLuglio, as Attorney-in-Fact|2026-02-02