Key facts
- This page summarizes Mary E. Kipp's Form 4 filing for BOSTON PROPERTIES INC (BXP).
- 1 reported transaction and 1 derivative row are listed below.
- Filing timestamp: 02 Jan 2024, 14:49.
Mary E. Kipp - 31 Dec 2023 Form 4 Insider Report for BOSTON PROPERTIES INC (BXP)
- Role
- Director
- Signature
- Kelli A DiLuglio, as Attorney-in-Fact
- Issuer symbol
- BXP
- Transactions as of
- 31 Dec 2023
- Net transaction value
- +$32,500
- Form type
- 4
- Filing time
- 02 Jan 2024, 14:49:03 UTC
- Previous filing
- 02 Oct 2023
- Next filing
- 01 Apr 2024
- SEC filing
- View on sec.gov
Reporting owner
Issuer context
Transaction snapshot
SEC evidence
Key filing fact
Mary E. Kipp filed Form 4 for BOSTON PROPERTIES INC (BXP) on 02 Jan 2024.
Change
- Previous filing in this sequence was filed on 02 Oct 2023.
- Current net transaction value: +$32,500.
Research use
- This tells you what this filing adds before you inspect full transaction and derivative tables.
- You can trace every row back to the original SEC filing document.
Evidence
Filed on Form 4
See Original Filing
Ownership activity is grounded in SEC Form 4 disclosures.
Derivative Securities (e.g., puts, calls, warrants, options, convertible securities)
BXP
transaction
Derivative
Phantom Stock Units
Award
- Transaction value
- $32,500
- Shares
- +463
- Change %
- +15%
- Price
- $70.17
- Shares after
- 3,501
- Date
- 31 Dec 2023
- Ownership
- Direct
- Underlying class
- Common Stock, par value $0.01
- Underlying amount
- 463
- Exercise price
- Footnotes
- F1, F2, F3
* indicates a reported price that failed the local validity check.
Explanation of Responses:
| Id | Content |
|---|---|
| F1 | The Phantom Stock Units convert to Boston Properties, Inc. common stock on a 1-for-1 basis. |
| F2 | The Phantom Stock Units are awarded under the Boston Properties, Inc. ("BXP") 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 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 54.58 Phantom Stock Units received pursuant to dividend equivalent rights which were credited to the reporting person on October 31, 2023. |