Otteni Peter V 4

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.