Garesche Donna D 4

4 · BXP, Inc. · Filed Feb 2, 2026

AI-generated summary of this filing

Updated Feb 2, 2026

BXP EVP Donna Garesche Receives 3,401 LTIP Units

What Happened

Donna D. Garesche, Executive Vice President and Chief Human Resources Officer of BXP, received a grant of 3,401 LTIP units (derivative award) on 2026-01-30.
The units were granted at a reported per-unit price of $0.25, for a total reported value of $850. This is an equity-based compensation award (transaction code A), not an open-market purchase or sale.

Key Details

Transaction date: 2026-01-30; Form 4 filed 2026-02-02 (timely filing).
Grant: 3,401 LTIP units at $0.25 per unit; total $850.
Shares/units owned after the transaction: Not specified in the filing.
Footnote summary:
- F1: LTIP units are limited partnership interests in Boston Properties Limited Partnership (BPLP). They can be converted into common OP units and may be redeemed for cash equal to the fair market value of a BXP common share or, at the issuer’s election, exchanged for one share of common stock. LTIP units have no expiration date.
- F2: The 3,401 LTIP units vest in four equal annual installments beginning January 15, 2027.

Context

This was an award of derivative units as part of equity-based compensation (routine for executives) rather than a market buy or sell. The units vest over four years, so the economic benefit is deferred and contingent on continued vesting.

Form 4

Period: 2026-01-30

EVP, Chief HR Officer

Transactions

Award
LTIP Units
[F1][F2]
2026-01-30$0.25/sh+3,401$850→ 45,399 total
→ Common Stock, par value $0.01 (3,401 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 3,401 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