Kevorkian Eric G 4

What Happened

• Eric G. Kevorkian, Senior Vice President and Chief Legal Officer of the general partner, was granted 3,827 LTIP units on 2026-01-30. The filing reports an acquisition price of $0.25 per unit, a notional value of $957. This was an award (code A), not an open-market purchase or sale — a compensation/retention grant rather than a trade.

Key Details

• Transaction date: 2026-01-30; Form 4 filed: 2026-02-02 (filing appears timely).
• Units granted: 3,827 LTIP Units at $0.25 per unit (total $957, reported as a derivative grant).
• Vesting: The 3,827 LTIP Units vest in four equal annual installments beginning January 15, 2027 (footnote F2).
• LTIP mechanics (footnote F1): LTIP Units are convertible, subject to tax-allocation conditions, into common OP units; converted units can be redeemed for cash equal to the fair market value of a BXP share or, at BXP’s election, exchanged for one share of BXP common stock. LTIP Units have no expiration date.
• Shares owned after the transaction: not specified in this filing.

Context

• This is a routine equity-compensation award used for retention and alignment with shareholder value; it does not represent a purchase or sale signal. The grant vests over multiple years, so any future ownership increase will occur as vesting and any conversions/redemptions happen.