Garesche Donna D 4

4 · BOSTON PROPERTIES LTD PARTNERSHIP · Filed Feb 2, 2026

AI-generated summary of this filing

Updated Feb 2, 2026

Boston Properties (BXP) EVP Donna Garesche Receives LTIP Award

What Happened

Donna D. Garesche, EVP and Chief HR Officer of the general partner, was granted 3,401 LTIP units (derivative award) on January 30, 2026. The award is reported at $0.25 per unit for a total reported value of $850. This is an equity-based incentive award (not a market purchase or sale).

Key Details

Transaction date: 2026-01-30; Filing date: 2026-02-02 (appears timely).
Grant type/code: A = Award/Grant (derivative LTIP Units).
Quantity and price: 3,401 LTIP Units at $0.25 per unit (total $850).
Vesting: Units vest in four equal annual installments beginning January 15, 2027 (see footnote F2).
Conversion/redeemability (footnote F1): LTIP Units may be converted into Common OP Units and, when converted, can be redeemed for cash equal to the fair market value of a BXP share or exchanged for one share of BXP common stock at BXP's election; LTIP Units have no expiration.
Shares owned after transaction: Not specified in the provided excerpt.

Context

This is an equity compensation grant (LTIP units) to a named executive, typical for retention and alignment with shareholder value; it is not an open-market purchase or sale. As a derivative award, the units carry vesting and conversion/redemption terms rather than representing immediate tradable shares.

Form 4

Period: 2026-01-30

EVP, Chief HR Officer of GP

Transactions

Award
LTIP Units
[F1][F2]
2026-01-30$0.25/sh+3,401$850→ 45,399 total
→ Common OP Units (3,401 underlying)

Footnotes (2)

[F1]Represents units of limited partnership in the Issuer issued pursuant to BXP, Inc.'s ("BXP"), the Issuer's general partner, 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 the Issuer or the holder, into a common unit of limited partnership interest in the Issuer ("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 BXP's common stock except that BXP may, at its election, acquire each Common OP Unit so presented for redemption for one share of BXP's 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