Walsh Michael R. 4
4 · BXP, Inc. · Filed Feb 2, 2026
Research Summary
AI-generated summary of this filing
BXP SVP Michael Walsh Receives 4,638 LTIP Units
What Happened
Michael R. Walsh, Senior Vice President & Chief Accounting Officer of Boston Properties, Inc. (BXP), received a grant of 4,638 LTIP units (derivative award) on January 30, 2026. The award was reported as 4,638 units at $0.25 per unit, with a total reported grant value of $1,160. This was an equity-based compensation award (code A), not an open-market purchase or sale.
Key Details
- Transaction date: 2026-01-30; Form 4 filed: 2026-02-02 (filing appears timely).
- Grant: 4,638 LTIP Units at $0.25 per unit; total reported value $1,160.
- Vesting: The 4,638 LTIP Units vest in four equal annual installments beginning January 15, 2027.
- Instrument: LTIP Units are derivative limited partnership units (see footnote). They may be converted into Common OP Units and can be redeemed for cash equal to the fair market value of a BXP share or, at the issuer’s election, exchanged for one share of common stock. LTIP Units have no expiration date.
- Shares owned after transaction: Not disclosed in the provided filing.
- Transaction code: A = Award/Grant (derivative).
Context
This is a routine equity compensation grant to an executive; such awards are part of long-term incentive programs and don’t by themselves indicate buying or selling sentiment. Because these are LTIP (derivative) units that vest over time and may convert or be redeemed for stock/cash, their ultimate economic exposure depends on future conversion/redemption elections and vesting.
Insider Transaction Report
- Award
LTIP Units
[F1][F2]2026-01-30$0.25/sh+4,638$1,160→ 36,822 total→ Common Stock, par value $0.01 (4,638 underlying)
Footnotes (2)
- [F1]Represents units of limited partnership interest in Boston Properties Limited Partnership ("BPLP"), of which the Issuer is the general partner, issued pursuant to the Issuer's 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 BPLP or the holder, into a common unit of limited partnership interest in BPLP ("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 the Issuer's common stock, except that the Issuer may, at its election, acquire each Common OP Unit so presented for one share of 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.