Form 4: BXP Inc. Executive Donna D. Garesche Reports Conversion of Common OP Units to Common Stock
SEC Form 4
EVP and Chief HR Officer of BXP, Inc., Donna D. Garesche, reports the conversion of 2,143 Common OP Units into an equal number of shares of BXP's common stock on March 3, 2025.
Summary
- On March 3, 2025, Donna D. Garesche, EVP and Chief HR Officer of BXP, Inc., converted 2,143 Common OP Units into 2,143 shares of BXP's common stock.
- The conversion was executed under the terms of Boston Properties Limited Partnership's (BPLP) Partnership Agreement.
- Following the transaction, Garesche directly owns 4,597 derivative securities.
Sentiment
Score: 5
Explanation: This is a routine regulatory filing reflecting a standard conversion of units to stock; it doesn't inherently indicate positive or negative sentiment.
Industry Context
Form 4 filings are a routine part of insider trading regulations, providing transparency into the transactions of company executives and their holdings in the company's stock.
Stakeholder Impact
- The conversion of Common OP Units to common stock has a minor impact on shareholders as it slightly increases the number of outstanding shares.
Key Dates
| Date | Description |
|---|---|
| 03/03/2025 | Date of transaction: conversion of Common OP Units to common stock. |
| 03/04/2025 | Date of signature on the Form 4 filing. |
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