---
schema_version: "secwatch.filing_event.v1"
accession: "0001037540-25-000027"
form_type: "8-K"
ticker: "BXP"
cik: "0001037540"
company_name: "BXP, Inc."
filed_at: "2025-12-22T23:59:59+00:00"
generated_at: "2026-05-16T12:22:59.677195+00:00"
event_type: "leadership"
sentiment: "positive"
materiality_score: 0.65
calibrated_materiality_score: 0.65
confidence: "high"
source: SEC EDGAR
---

# BXP extends CEO Owen Thomas contract through 2029; approves Outperformance Plan with up to 711,864 LTIP units

## Summary
- CEO Owen Thomas new employment agreement extends term to Dec 31, 2029 (from Dec 2026).
- Outperformance Plan grants up to 711,864 LTIP units to senior leadership; CEO receives 211,864.
- To earn awards, BXP stock (adjusted) must reach $90-$118 for 20 consecutive days; max at $118.
- Estimated $32.1M OPP compensation expense over 4 years; $11.6M ($0.07/sh) expected in 2026.
- OPP awards have no accelerated vesting for retirement; forfeited if recipient leaves before value creation.

## SEC filing metadata
- accession: 0001037540-25-000027
- form_type: 8-K
- ticker: BXP
- cik: 0001037540
- company_name: BXP, Inc.
- filed_at: 2025-12-22T23:59:59+00:00
- event_type: leadership
- sentiment: positive
- materiality_score: 0.65
- calibrated_materiality_score: 0.65
- confidence: high
- sec_items: 5.02, 7.01, 9.01
- EDGAR index: https://www.sec.gov/Archives/edgar/data/1037540/000103754025000027/0001037540-25-000027-index.htm
- EDGAR primary document: https://www.sec.gov/Archives/edgar/data/1037540/000103754025000027/bxp-20251222.htm

## Machine-readable alternates
- HTML: https://secwatch.observer/filing/0001037540-25-000027
- JSON: https://secwatch.observer/filing/0001037540-25-000027.json
- Plain text: https://secwatch.observer/filing/0001037540-25-000027.txt

This AI-assisted summary is a reading aid. Review the linked SEC EDGAR filing before relying on any specific claim.