Garesche Donna D 4

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.