Matthew J. Lustig - Jun 30, 2025 Form 4 Insider Report for BXP, Inc. (BXP)

Role
Director
Signature
/s/ Kelli A. DiLuglio, as Attorney-in-Fact
Stock symbol
BXP
Transactions as of
Jun 30, 2025
Transactions value $
$29,391
Form type
4
Date filed
7/1/2025, 12:19 PM
Previous filing
May 29, 2025
Next filing
Jul 1, 2025

Reporting Owners (1)

Name Relationship Address Signature Signature date CIK
LUSTIG MATTHEW J Director C/O LAZARD FRERES & CO LLC, 30 ROCKEFELLER PLAZA, NEW YORK /s/ Kelli A. DiLuglio, as Attorney-in-Fact 2025-07-01 0001203367

Derivative Securities (e.g., puts, calls, warrants, options, convertible securities)

Type Sym Class Transaction Value $ Shares Change % * Price $ Shares After Date Underlying Class Amount Exercise Price Ownership Footnotes
transaction BXP Phantom Stock Units Award $29.4K +436 +2.38% $67.47 18.7K Jun 30, 2025 Common Stock, par value $0.01 436 Direct F1, F2, F3
* An asterisk sign (*) next to the price indicates that the price is likely invalid.

Explanation of Responses:

Id Content
F1 The Phantom Stock Units convert to BXP, Inc. ("BXP") common stock on a 1-for-1 basis.
F2 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.
F3 Includes 276.81 Phantom Stock Units received pursuant to dividend equivalent rights which were credited to the Reporting Person on April 30, 2025.