Kevorkian Eric G 4

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.