Stroman John J 4

4 · BOSTON PROPERTIES LTD PARTNERSHIP · Filed Feb 2, 2026

AI-generated summary of this filing

Updated Feb 2, 2026

Boston Properties (BXP) EVP John J. Stroman Receives 11,597 LTIP Units

What Happened

John J. Stroman, Executive Vice President of the general partner of Boston Properties (BXP), received a grant of 11,597 LTIP units on 2026-01-30. The units were recorded at $0.25 each for a total reported value of $2,899. This is an equity-based award (derivative grant) as part of compensation, not an open-market purchase or sale.

Key Details

Transaction date and filing: Grant on 2026-01-30; Form 4 filed 2026-02-02 (filed within the required reporting window).
Price/value: 11,597 LTIP units @ $0.25 each; total reported value $2,899.
Vesting: The LTIP Units vest in four equal annual installments beginning January 15, 2027.
Shares owned after transaction: Not specified in the filing.
Footnotes: LTIP Units are convertible (subject to tax allocation conditions) into common OP units, which may be redeemed for cash equal to the then fair market value of a BXP share or, at BXP’s election, exchanged for one share of BXP common stock. LTIP Units have no expiration date.
Nature of transaction: Coded as an award/grant (A) — typically routine compensation rather than a signal of buying or selling activity.

Context

This is a derivative compensation award (LTIP Units) rather than a cash purchase or sale. Such grants are common executive compensation and do not by themselves indicate insider bullishness or liquidation. The conversion/redemption mechanics mean the units ultimately track the economic value of BXP common stock but are subject to vesting and conversion terms.

Form 4

Period: 2026-01-30

Executive Vice President of GP

Transactions

Award
LTIP Units
[F1][F2]
2026-01-30$0.25/sh+11,597$2,899→ 105,321 total
→ Common OP Units (11,597 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 11,597 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

1 file