Form 4: BXP Inc. Director Matthew Lustig Reports Acquisition of Phantom Stock Units

Director Matthew Lustig reports acquisition of phantom stock units in BXP, Inc. under the company's 2021 Stock Incentive Plan.

Summary

• On June 30, 2024, Matthew Lustig, a director of BXP, Inc., acquired 475.82 phantom stock units.
• These units were awarded under BXP's 2021 Stock Incentive Plan as an alternative to director cash compensation fees.
• The phantom stock units convert to BXP common stock on a 1-for-1 basis.
• The price of the stock at the time of the transaction was $61.56.
• Following the transaction, Lustig beneficially owns 16,119.03 shares.
• These include 243.84 Phantom Stock Units received pursuant to dividend equivalent rights which were credited to the Reporting Person on April 30, 2024.

Sentiment

Score: 7

Explanation: The sentiment is neutral to slightly positive. The director's acquisition of phantom stock units suggests confidence in the company's future, but it's a routine transaction.

Positives

• The acquisition of phantom stock units by a director signals confidence in the company's future performance.
• The use of phantom stock units as compensation aligns the director's interests with those of the shareholders.

Future Outlook

The phantom stock units will 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.

Industry Context

This filing is a routine disclosure of insider transactions, which are common in publicly traded companies. It provides transparency into the actions of company directors and their alignment with shareholder interests.

Stakeholder Impact

• The transaction has a minor positive impact on shareholders as it aligns the director's interests with theirs.

Key Dates