AG˹ٷ

STOCK TITAN

[Form 4] BXP, Inc. Insider Trading Activity

Filing Impact
(Low)
Filing Sentiment
(Neutral)
Form Type
4
Rhea-AI Filing Summary

BXP, Inc. (ticker BXP) filed a Form 4 disclosing that non-employee director Tony West acquired 347.32 Phantom Stock Units (PSUs) on 06/30/2025 under the company’s 2021 Stock Incentive Plan. Each PSU is economically equivalent to one share of BXP common stock and carried a reference price of $67.47. Following the award, West beneficially owns 3,141.91 PSUs. The units, together with 42.32 dividend-equivalent PSUs, will settle in BXP shares (or cash for fractions) in a lump sum or up to ten annual installments after the director retires from the board. No open-market cash was exchanged and no traditional shares were bought or sold; the transaction represents deferred, stock-settled compensation.

The filing is routine for board compensation and does not signal a shift in insider sentiment or company fundamentals. It modestly increases the director’s equity-linked exposure, aligning interests with shareholders, but has no immediate dilutive or cash-flow impact on BXP.

BXP, Inc. (ticker BXP) ha presentato un Modulo 4 comunicando che il direttore non dipendente Tony West ha acquisito 347,32 Unità Azionarie Fantasma (PSU) il 30/06/2025 nell'ambito del Piano di Incentivazione Azionaria 2021 della società. Ogni PSU equivale economicamente a una azione ordinaria di BXP e ha un prezzo di riferimento di 67,47$. Dopo l'assegnazione, West detiene beneficiariamente 3.141,91 PSU. Le unità, insieme a 42,32 PSU equivalenti a dividendi, saranno liquidate in azioni BXP (o in contanti per le frazioni) in un'unica soluzione o in un massimo di dieci rate annuali dopo il pensionamento del direttore dal consiglio. Non è stato scambiato denaro sul mercato aperto e non sono state comprate o vendute azioni tradizionali; la transazione rappresenta una compensazione differita regolata in azioni.

La comunicazione è di routine per la remunerazione del consiglio e non indica un cambiamento nel sentiment degli insider o nei fondamentali dell'azienda. Aumenta modestamente l'esposizione del direttore legata al capitale, allineando gli interessi con quelli degli azionisti, ma non ha un impatto immediato sulla diluizione o sui flussi di cassa di BXP.

BXP, Inc. (símbolo BXP) presentó un Formulario 4 revelando que el director externo Tony West ܾó 347.32 Unidades de Acciones Fantasma (PSU) el 30/06/2025 bajo el Plan de Incentivos de Acciones 2021 de la empresa. Cada PSU equivale económicamente a una acción común de BXP y tenía un precio de referencia de $67.47. Tras la adjudicación, West posee beneficiosamente 3,141.91 PSU. Las unidades, junto con 42.32 PSU equivalentes a dividendos, se liquidarán en acciones de BXP (o en efectivo por fracciones) en un pago único o en hasta diez cuotas anuales después de que el director se retire de la junta. No se intercambió efectivo en el mercado abierto ni se compraron o vendieron acciones tradicionales; la transacción representa una compensación diferida liquidada en acciones.

La presentación es rutinaria para la compensación del consejo y no indica un cambio en el sentimiento interno ni en los fundamentos de la empresa. Incrementa modestamente la exposición del director vinculada al capital, alineando intereses con los accionistas, pero no tiene un impacto inmediato dilutivo ni en el flujo de caja de BXP.

BXP, Inc. (티커 BXP)� 비임� 이사 Tony West가 2025� 6� 30� 회사� 2021� 주식 인센티브 플랜� 따라 347.32 팬텀 스톡 유닛(PSU)� 취득했다� Form 4� 통해 공시했습니다. � PSU� BXP 보통� 1주와 경제적으� 동일하며, 기준 가격은 $67.47였습니�. 보상 � West 이사� � 3,141.91 PSU� 실질 소유하게 되었습니�. � 유닛들은 42.32 배당� 상당 PSU와 함께 이사가 이사회에� 은퇴한 � 일시� 또는 최대 10년간 연간 분할 지급으� BXP 주식(또는 소수점은 현금)으로 정산됩니�. 공개 시장에서 현금� 교환되지 않았� 전통적인 주식 매매� 없었으며, � 거래� 지� 지급되� 주식 기반 보상입니�.

이번 공시� 이사� 보상 관� 일상적인 절차�, 내부� 심리� 회사 기초 체력� 변화를 의미하지 않습니다. 이사� 지� 연계 노출� 소폭 늘려 주주와 이해관계를 일치시키지�, BXP� 즉각적인 희석 효과� 현금 흐름에는 영향� 미치지 않습니다.

BXP, Inc. (symbole BXP) a déposé un formulaire 4 révélant que le directeur non salarié Tony West a acquis 347,32 unités d’actions fantômes (PSU) le 30/06/2025 dans le cadre du plan d’incitation en actions 2021 de la société. Chaque PSU équivaut économiquement à une action ordinaire de BXP et avait un prix de référence de 67,47 $. Après cette attribution, West détient bénéficiairement 3 141,91 PSU. Ces unités, ainsi que 42,32 PSU équivalentes aux dividendes, seront réglées en actions BXP (ou en espèces pour les fractions) en une somme forfaitaire ou en jusqu’� dix versements annuels après le départ du directeur du conseil. Aucun échange d’argent liquide sur le marché libre n’a eu lieu et aucune action traditionnelle n’a été achetée ou vendue ; la transaction représente une rémunération différée réglée en actions.

Ce dépôt est une procédure courante pour la rémunération du conseil d’administration et ne signale pas un changement dans le sentiment des initiés ni dans les fondamentaux de l’entreprise. Il augmente modestement l’exposition du directeur liée aux actions, alignant ses intérêts avec ceux des actionnaires, mais n’a pas d’impact dilutif ou sur la trésorerie immédiat pour BXP.

BXP, Inc. (Ticker BXP) hat ein Formular 4 eingereicht, in dem offengelegt wird, dass der nicht-geschäftsführende Direktor Tony West am 30.06.2025 347,32 Phantom-Aktieneinheiten (PSUs) im Rahmen des Aktienanreizplans 2021 des Unternehmens erworben hat. Jede PSU entspricht wirtschaftlich einer Aktie der BXP-Stammaktien und hatte einen Referenzpreis von 67,47 $. Nach der Zuteilung besitzt West wirtschaftlich 3.141,91 PSUs. Die Einheiten werden zusammen mit 42,32 dividendenäquivalenten PSUs nach dem Ausscheiden des Direktors aus dem Vorstand entweder als Einmalzahlung oder in bis zu zehn jährlichen Raten in BXP-Aktien (bzw. in bar für Bruchteile) ausgezahlt. Es wurde kein Bargeld am freien Markt ausgetauscht und keine traditionellen Aktien gekauft oder verkauft; die Transaktion stellt eine aufgeschobene, aktienbasierte Vergütung dar.

Die Meldung ist routinemäßig für die Vergütung des Vorstands und signalisiert keine Änderung der Insider-Stimmung oder der Unternehmensfundamente. Sie erhöht moderat die aktienbezogene Beteiligung des Direktors und bringt die Interessen mit denen der Aktionäre in Einklang, hat jedoch keine unmittelbaren verwässernden oder liquiditätswirksamen Auswirkungen auf BXP.

Positive
  • Director equity alignment increases as Tony West adds 347.32 PSUs, marginally strengthening shareholder-director interest alignment.
Negative
  • None.

Insights

TL;DR: Routine director compensation; negligible market impact.

The award of 347 PSUs (�$23.4 k fair value) to Director Tony West is part of BXP’s standard deferred-fee program. Because settlement occurs only after board retirement and units convert 1-for-1 to shares, there is no near-term dilution or cash cost. The director’s total PSU balance rises to ~3,142 units (�$212 k), increasing alignment but remaining immaterial relative to BXP’s ~158 million shares outstanding. Investors should view this as housekeeping rather than a signal on future performance.

BXP, Inc. (ticker BXP) ha presentato un Modulo 4 comunicando che il direttore non dipendente Tony West ha acquisito 347,32 Unità Azionarie Fantasma (PSU) il 30/06/2025 nell'ambito del Piano di Incentivazione Azionaria 2021 della società. Ogni PSU equivale economicamente a una azione ordinaria di BXP e ha un prezzo di riferimento di 67,47$. Dopo l'assegnazione, West detiene beneficiariamente 3.141,91 PSU. Le unità, insieme a 42,32 PSU equivalenti a dividendi, saranno liquidate in azioni BXP (o in contanti per le frazioni) in un'unica soluzione o in un massimo di dieci rate annuali dopo il pensionamento del direttore dal consiglio. Non è stato scambiato denaro sul mercato aperto e non sono state comprate o vendute azioni tradizionali; la transazione rappresenta una compensazione differita regolata in azioni.

La comunicazione è di routine per la remunerazione del consiglio e non indica un cambiamento nel sentiment degli insider o nei fondamentali dell'azienda. Aumenta modestamente l'esposizione del direttore legata al capitale, allineando gli interessi con quelli degli azionisti, ma non ha un impatto immediato sulla diluizione o sui flussi di cassa di BXP.

BXP, Inc. (símbolo BXP) presentó un Formulario 4 revelando que el director externo Tony West ܾó 347.32 Unidades de Acciones Fantasma (PSU) el 30/06/2025 bajo el Plan de Incentivos de Acciones 2021 de la empresa. Cada PSU equivale económicamente a una acción común de BXP y tenía un precio de referencia de $67.47. Tras la adjudicación, West posee beneficiosamente 3,141.91 PSU. Las unidades, junto con 42.32 PSU equivalentes a dividendos, se liquidarán en acciones de BXP (o en efectivo por fracciones) en un pago único o en hasta diez cuotas anuales después de que el director se retire de la junta. No se intercambió efectivo en el mercado abierto ni se compraron o vendieron acciones tradicionales; la transacción representa una compensación diferida liquidada en acciones.

La presentación es rutinaria para la compensación del consejo y no indica un cambio en el sentimiento interno ni en los fundamentos de la empresa. Incrementa modestamente la exposición del director vinculada al capital, alineando intereses con los accionistas, pero no tiene un impacto inmediato dilutivo ni en el flujo de caja de BXP.

BXP, Inc. (티커 BXP)� 비임� 이사 Tony West가 2025� 6� 30� 회사� 2021� 주식 인센티브 플랜� 따라 347.32 팬텀 스톡 유닛(PSU)� 취득했다� Form 4� 통해 공시했습니다. � PSU� BXP 보통� 1주와 경제적으� 동일하며, 기준 가격은 $67.47였습니�. 보상 � West 이사� � 3,141.91 PSU� 실질 소유하게 되었습니�. � 유닛들은 42.32 배당� 상당 PSU와 함께 이사가 이사회에� 은퇴한 � 일시� 또는 최대 10년간 연간 분할 지급으� BXP 주식(또는 소수점은 현금)으로 정산됩니�. 공개 시장에서 현금� 교환되지 않았� 전통적인 주식 매매� 없었으며, � 거래� 지� 지급되� 주식 기반 보상입니�.

이번 공시� 이사� 보상 관� 일상적인 절차�, 내부� 심리� 회사 기초 체력� 변화를 의미하지 않습니다. 이사� 지� 연계 노출� 소폭 늘려 주주와 이해관계를 일치시키지�, BXP� 즉각적인 희석 효과� 현금 흐름에는 영향� 미치지 않습니다.

BXP, Inc. (symbole BXP) a déposé un formulaire 4 révélant que le directeur non salarié Tony West a acquis 347,32 unités d’actions fantômes (PSU) le 30/06/2025 dans le cadre du plan d’incitation en actions 2021 de la société. Chaque PSU équivaut économiquement à une action ordinaire de BXP et avait un prix de référence de 67,47 $. Après cette attribution, West détient bénéficiairement 3 141,91 PSU. Ces unités, ainsi que 42,32 PSU équivalentes aux dividendes, seront réglées en actions BXP (ou en espèces pour les fractions) en une somme forfaitaire ou en jusqu’� dix versements annuels après le départ du directeur du conseil. Aucun échange d’argent liquide sur le marché libre n’a eu lieu et aucune action traditionnelle n’a été achetée ou vendue ; la transaction représente une rémunération différée réglée en actions.

Ce dépôt est une procédure courante pour la rémunération du conseil d’administration et ne signale pas un changement dans le sentiment des initiés ni dans les fondamentaux de l’entreprise. Il augmente modestement l’exposition du directeur liée aux actions, alignant ses intérêts avec ceux des actionnaires, mais n’a pas d’impact dilutif ou sur la trésorerie immédiat pour BXP.

BXP, Inc. (Ticker BXP) hat ein Formular 4 eingereicht, in dem offengelegt wird, dass der nicht-geschäftsführende Direktor Tony West am 30.06.2025 347,32 Phantom-Aktieneinheiten (PSUs) im Rahmen des Aktienanreizplans 2021 des Unternehmens erworben hat. Jede PSU entspricht wirtschaftlich einer Aktie der BXP-Stammaktien und hatte einen Referenzpreis von 67,47 $. Nach der Zuteilung besitzt West wirtschaftlich 3.141,91 PSUs. Die Einheiten werden zusammen mit 42,32 dividendenäquivalenten PSUs nach dem Ausscheiden des Direktors aus dem Vorstand entweder als Einmalzahlung oder in bis zu zehn jährlichen Raten in BXP-Aktien (bzw. in bar für Bruchteile) ausgezahlt. Es wurde kein Bargeld am freien Markt ausgetauscht und keine traditionellen Aktien gekauft oder verkauft; die Transaktion stellt eine aufgeschobene, aktienbasierte Vergütung dar.

Die Meldung ist routinemäßig für die Vergütung des Vorstands und signalisiert keine Änderung der Insider-Stimmung oder der Unternehmensfundamente. Sie erhöht moderat die aktienbezogene Beteiligung des Direktors und bringt die Interessen mit denen der Aktionäre in Einklang, hat jedoch keine unmittelbaren verwässernden oder liquiditätswirksamen Auswirkungen auf BXP.

SEC Form 4
FORM 4 UNITED STATES SECURITIES AND EXCHANGE COMMISSION
Washington, D.C. 20549

STATEMENT OF CHANGES IN BENEFICIAL OWNERSHIP

Filed pursuant to Section 16(a) of the Securities Exchange Act of 1934
or Section 30(h) of the Investment Company Act of 1940
OMB APPROVAL
OMB Number: 3235-0287
Estimated average burden
hours per response: 0.5
Check this box if no longer subject to Section 16. Form 4 or Form 5 obligations may continue. See Instruction 1(b).
Check this box to indicate that a transaction was made pursuant to a contract, instruction or written plan for the purchase or sale of equity securities of the issuer that is intended to satisfy the affirmative defense conditions of Rule 10b5-1(c). See Instruction 10.
1. Name and Address of Reporting Person*
West Tony

(Last) (First) (Middle)
800 BOYLSTON STREET
SUITE 1900

(Street)
BOSTON MA 02199

(City) (State) (Zip)
2. Issuer Name and Ticker or Trading Symbol
BXP, Inc. [ BXP ]
5. Relationship of Reporting Person(s) to Issuer
(Check all applicable)
X Director 10% Owner
Officer (give title below) Other (specify below)
3. Date of Earliest Transaction (Month/Day/Year)
06/30/2025
4. If Amendment, Date of Original Filed (Month/Day/Year)
6. Individual or Joint/Group Filing (Check Applicable Line)
X Form filed by One Reporting Person
Form filed by More than One Reporting Person
Table I - Non-Derivative Securities Acquired, Disposed of, or Beneficially Owned
1. Title of Security (Instr. 3) 2. Transaction Date (Month/Day/Year) 2A. Deemed Execution Date, if any (Month/Day/Year) 3. Transaction Code (Instr. 8) 4. Securities Acquired (A) or Disposed Of (D) (Instr. 3, 4 and 5) 5. Amount of Securities Beneficially Owned Following Reported Transaction(s) (Instr. 3 and 4) 6. Ownership Form: Direct (D) or Indirect (I) (Instr. 4) 7. Nature of Indirect Beneficial Ownership (Instr. 4)
Code V Amount (A) or (D) Price
Table II - Derivative Securities Acquired, Disposed of, or Beneficially Owned
(e.g., puts, calls, warrants, options, convertible securities)
1. Title of Derivative Security (Instr. 3) 2. Conversion or Exercise Price of Derivative Security 3. Transaction Date (Month/Day/Year) 3A. Deemed Execution Date, if any (Month/Day/Year) 4. Transaction Code (Instr. 8) 5. Number of Derivative Securities Acquired (A) or Disposed of (D) (Instr. 3, 4 and 5) 6. Date Exercisable and Expiration Date (Month/Day/Year) 7. Title and Amount of Securities Underlying Derivative Security (Instr. 3 and 4) 8. Price of Derivative Security (Instr. 5) 9. Number of derivative Securities Beneficially Owned Following Reported Transaction(s) (Instr. 4) 10. Ownership Form: Direct (D) or Indirect (I) (Instr. 4) 11. Nature of Indirect Beneficial Ownership (Instr. 4)
Code V (A) (D) Date Exercisable Expiration Date Title Amount or Number of Shares
Phantom Stock Units (1) 06/30/2025 A 347.32 (2) (2) Common Stock, par value $0.01 347.32 $67.47 3,141.91(3) D
Explanation of Responses:
1. The Phantom Stock Units convert to BXP, Inc. ("BXP") common stock on a 1-for-1 basis.
2. The Phantom Stock Units are awarded under BXP's 2021 Stock Incentive Plan to non-employee directors who elected to receive Phantom Stock Units in lieu of director cash compensation fees. The Phantom Stock Units are to be settled in shares of BXP common stock (except that fractional units, if any, will be settled in cash) in a lump sum or in ten annual installments, at the reporting person's election, following the reporting person's retirement from the BXP Board of Directors. In addition, non-employee directors who elect a deferred payout following their retirement may make one or more elections to convert all or a portion (but only in 25% increments) of their notional investment from BXP common stock to a deemed investment in one or more measurement funds. These elections may only be made after the director's service on the BXP Board of Directors ends. Amounts notionally invested in measurement funds will be settled in cash instead of BXP common stock.
3. Includes 42.32 Phantom Stock Units received pursuant to dividend equivalent rights which were credited to the Reporting Person on April 30, 2025.
Remarks:
/s/ Kelli A. DiLuglio, as Attorney-in-Fact 07/01/2025
** Signature of Reporting Person Date
Reminder: Report on a separate line for each class of securities beneficially owned directly or indirectly.
* If the form is filed by more than one reporting person, see Instruction 4 (b)(v).
** Intentional misstatements or omissions of facts constitute Federal Criminal Violations See 18 U.S.C. 1001 and 15 U.S.C. 78ff(a).
Note: File three copies of this Form, one of which must be manually signed. If space is insufficient, see Instruction 6 for procedure.
Persons who respond to the collection of information contained in this form are not required to respond unless the form displays a currently valid OMB Number.

FAQ

What did BXP (BXP) disclose in the latest Form 4?

Director Tony West acquired 347.32 Phantom Stock Units on 06/30/2025 as part of deferred board compensation.

How many BXP Phantom Stock Units does Tony West now hold?

After the transaction, West beneficially owns 3,141.91 PSUs convertible 1-for-1 into BXP common shares.

Was cash used or received in the transaction?

No. The PSUs were granted as compensation; there was no open-market cash purchase or sale.

When will the Phantom Stock Units be settled?

Units convert to BXP shares (or cash for fractions) after the director retires, either in a lump sum or up to ten annual installments.

Does this Form 4 signal any change in BXP’s fundamentals?

The filing is routine board compensation and does not indicate a change in company fundamentals or insider sentiment.
BXP, Inc.

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10.73B
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United States
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