secwatch.observer — SEC 8-K summary
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Issuer:     BXP, Inc. (BXP)
CIK:        0001037540
Form:       8-K
Filed at:   2025-12-22T23:59:59+00:00
Accession:  0001037540-25-000027
Event type: leadership
Sentiment:  positive
Materiality: 0.65
Item codes: 5.02, 7.01, 9.01
LLM model:  deepseek-v4-flash:cloud@v2

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

Source:
  EDGAR index:    https://www.sec.gov/Archives/edgar/data/1037540/000103754025000027/0001037540-25-000027-index.htm
  Primary doc:    https://www.sec.gov/Archives/edgar/data/1037540/000103754025000027/bxp-20251222.htm
  HTML page:      https://secwatch.observer/filing/0001037540-25-000027

License: Source filings: public domain (SEC EDGAR). Summaries (headline + bullets): CC-BY-4.0; attribute https://secwatch.observer