Key facts
- This page summarizes David A. Twardock's Form 4 filing for BOSTON PROPERTIES INC (BXP).
- 1 reported transaction and 1 derivative row are listed below.
- Accepted by SEC: 03 Apr 2023, 16:52.
David A. Twardock - 31 Mar 2023 Form 4 Insider Report for BOSTON PROPERTIES INC (BXP)
- Reporting relationship
- Director
- Issuer ticker
- BXP
- Reported as of
- 31 Mar 2023
- Net transaction value
- +$32,500
- SEC form
- 4
- Accepted by SEC
- 03 Apr 2023, 16:52:48 UTC
- Prior SEC filing
- 03 Jan 2023
- Source filing
- View source filing
- Reporting owner signature
- /s/ Kelli A. DiLuglio, as Attorney-in-Fact
Source evidence
Original filing metadata and source links for verification.
4 source fields
Reporting owner
1 detail
Key filing fact
David A. Twardock filed Form 4 for BOSTON PROPERTIES INC (BXP) on 03 Apr 2023.
Change
- Previous filing in this sequence was filed on 03 Jan 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
View source filing
Ownership activity is grounded in SEC Form 4 disclosures.
Reported derivative securities
Options, warrants, convertible securities, or similar derivative positions disclosed in the filing.
BXP
transaction
Derivative
Phantom Stock Units
Award
- Transaction value
- $32,500
- Shares
- +601
- Change %
- +1.8%
- Price
- $54.12
- Shares after
- 33,718
- Date
- 31 Mar 2023
- Ownership
- Direct
- Underlying class
- Common Stock, par value $0.01
- Underlying amount
- 601
- Exercise price
- Footnotes
- F1, F2, F3
* marks a reported price that did not pass the local price check.
Additional SEC filing notes
Filing notes and footnotes
Explanation of responses 3 footnotes
Footnote F1
The Phantom Stock Units convert to Common Stock on a 1-for-1 basis
Footnote F2
The Phantom Stock Units are awarded under the Boston Properties, Inc. ("BXP") 2021 Stock Incentive Plan (the "2021 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 elect to convert not less than 100% of their notional investment from BXP common stock to a deemed investment in one or more measurement funds. This election may only be made after the director's service on the BXP Board of Directors ends. A director's account that has been converted to measurement funds will be settled in cash instead of BXP common stock.
Footnote F3
Includes 443.55 Phantom Stock Units received pursuant to dividend equivalent rights which were credited to the Reporting Person on January 30, 2023.