Otteni Peter V 4

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

AI-generated summary of this filing

Updated Feb 2, 2026

Boston Properties (BXP) EVP Peter Otteni Receives 7,731 LTIP Units Award

What Happened

Peter V. Otteni, Executive Vice President of the issuer's general partner, was granted 7,731 LTIP units (derivative award) on January 30, 2026. The award price reported is $0.25 per unit, for a nominal total value of $1,933. This was an equity award (code A), i.e., compensation, not an open‑market purchase or sale.

Key Details

Transaction date and type: 2026-01-30 — Grant/Award of LTIP units (code A).
Price and value: $0.25 per LTIP Unit; total reported value $1,933.
Vesting: 7,731 LTIP Units vest in four equal annual installments beginning January 15, 2027. (See footnote F2.)
Post-transaction holdings: Not specified in the provided filing.
Footnote on unit mechanics: LTIP Units are convertible into common OP units and may be redeemed for cash equal to BXP common stock FMV or converted/settled in BXP shares at BXP’s election; LTIP Units have no expiration. (See footnote F1.)
Filing timeliness: Report filed 2026-02-02 for a 2026-01-30 transaction — within the Form 4 filing window.

Context

These LTIP Units are a compensation award (routine for executives) and are a derivative form of equity that can convert into partnership/common units or be settled for cash/equity later; they are not an immediate cash investment or sale. Vesting over four years means the recipient must remain employed for units to vest according to the schedule.

Form 4

Period: 2026-01-30

Executive Vice President of GP

Transactions

Award
LTIP Units
[F1][F2]
2026-01-30$0.25/sh+7,731$1,933→ 99,378 total
→ Common OP Units (7,731 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 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

1 file