February 2, 2024 · Form 4 insider transaction
Garesche Donna D bought 6,390 shares of N/A at $0.25 per share, a transaction worth $1.6K. The trade was recorded as grant or award and disclosed on an SEC Form 4, filed 4 days after the transaction.
Represents units of limited partnership in the Issuer issued as long term incentive compensation pursuant to Boston Properties, 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 redeemed, 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.; The 6,390 LTIP Units vest in four equal annual installments beginning on January 15, 2025.