Stroman John J 4

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.