Kevorkian Eric G 4
4 · BXP, Inc. · Filed Feb 2, 2026
Research Summary
AI-generated summary of this filing
BXP SVP Eric G. Kevorkian Receives 3,827 LTIP Units
What Happened
Eric G. Kevorkian, Senior Vice President, Chief Legal Officer and Secretary of BXP, Inc., received a grant of 3,827 LTIP units on January 30, 2026. The units were awarded at a reported acquisition price of $0.25 each, totaling $957. This was an equity compensation grant (award), not an open-market purchase or sale.
Key Details
- Transaction date: January 30, 2026; filing date: February 2, 2026 (filed timely).
- Award: 3,827 LTIP units at $0.25 per unit; total reported value $957.
- Vesting: The 3,827 LTIP units vest in four equal annual installments beginning January 15, 2027.
- Shares owned after transaction: Not specified in the filing.
- Footnote summary: LTIP units are limited partnership units in Boston Properties Limited Partnership (BPLP). They can, under certain tax-related conditions, be converted into common OP units, which may be redeemed for cash equal to the fair market value of a BXP share or, at the issuer’s election, exchanged for one share of common stock. LTIP units have no expiration date.
Context
This was a standard equity compensation grant to an executive (award of LTIP units). Such grants are part of routine long‑term incentive pay and do not, by themselves, indicate buying or selling sentiment. The units are derivative in nature with a multi-year vesting schedule and potential cash or stock settlement options upon conversion.
Insider Transaction Report
Form 4
BXP, Inc.BXP
Kevorkian Eric G
SVP, CLO and Secretary
Transactions
- Award
LTIP Units
[F1][F2]2026-01-30$0.25/sh+3,827$957→ 44,305.91 total→ Common Stock, par value $0.01 (3,827 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 3,827 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