Otteni Peter V 4
4 · BXP, Inc. · Filed Feb 2, 2026
Research Summary
AI-generated summary of this filing
BXP EVP Peter V. Otteni Receives 7,731 LTIP Units
What Happened Peter V. Otteni, Executive Vice President of Boston Properties (BXP), was granted 7,731 LTIP units (a derivative equity award) on January 30, 2026. The award was recorded at $0.25 per unit for a total reported value of $1,933. This was an equity grant (transaction code A), not a market purchase or sale.
Key Details
- Transaction date and filing: Grant dated 2026-01-30; Form 4 filed 2026-02-02 (appears timely).
- Units and price: 7,731 LTIP units at $0.25 per unit; total value $1,933.
- Shares/units owned after transaction: Not specified in the filing.
- Vesting: The 7,731 LTIP units vest in four equal annual installments beginning January 15, 2027 (see footnote).
- Instrument type and conversion: LTIP units are limited partnership interests in Boston Properties Limited Partnership (BPLP). They can be converted to common OP units and those common units may be redeemable for cash equal to the fair market value of a BXP common share or, at the issuer’s election, exchanged for shares of BXP common stock. LTIP units have no expiration date.
- Filing note: Transaction coded as an award/grant (A). No 10b5-1, tax withholding, or late-filing flag indicated.
Context This is a standard equity-based incentive award under BXP’s LTIP programs rather than an open-market buy or a sale. Such grants are part of executive compensation and vest over time; they do not by themselves indicate immediate buying or selling in the market.
Insider Transaction Report
Form 4
BXP, Inc.BXP
Otteni Peter V
Executive Vice President
Transactions
- Award
LTIP Units
[F1][F2]2026-01-30$0.25/sh+7,731$1,933→ 99,378 total→ Common Stock, par value $0.01 (7,731 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 7,731 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