Kevorkian Eric G 4

What Happened
Eric G. Kevorkian, SVP and Chief Legal Officer of the issuer's general partner, reported a conversion (derivative code C) on May 21, 2026 in which 2,000 common OP units (derivative securities) were redeemed/converted into 2,000 shares of BXP common stock. The Form 4 lists the derivative disposition but does not report a sale price or cash proceeds for the transaction.

Key Details

• Transaction date: 2026-05-21 (Form 4 filed 2026-05-26 — filing occurred 5 days after the transaction). This appears later than the standard 2-business-day Form 4 reporting window.
• Security/amount: 2,000 Common OP Units converted/redeemed into 2,000 shares of BXP common stock.
• Price/Value: N/A on the Form 4 — no cash amount or per-share price reported.
• Shares owned after transaction: Not stated on this filing.
• Footnotes: F1 explains Common OP Units are redeemable for cash equal to the fair market value of a BXP share or, at BXP’s election, for one share of BXP common stock. F2 confirms these 2,000 OP Units were redeemed by the reporting person for an equal number of BXP shares under the partnership agreement.
• Filing timeliness: Filed 5 days after the transaction date; late filing reduces the immediacy of the disclosure and can be less useful for investors.

Context
This was a conversion/redemption of partnership units into common stock rather than an open‑market sale — it does not necessarily indicate the insider bought or sold shares for cash. Conversions like this are often routine corporate/partnership mechanics under the partnership agreement. Because no sale occurred on the market and no cash proceeds are reported, this is informational about a change in the form of holdings rather than a clear bullish or bearish trade.