Dec 22: $BXP extends CEO Owen D.
Filed with the SEC on · Summarized by InvestorsBot
Dec 22: $BXP extends CEO Owen D. Thomas’ employment to 12/31/2029 (was 12/31/2026). Base salary $950K; target cash bonus $2.35M (0–150% payout). Must devote substantially all time; Board will renominate him while he remains CEO. 📅💼 #BXP #executivecomp
Severance: terminated w/o Cause or for Good Reason (not CIC) → 2x(base + prior-year cash bonus, ≥target), prorated year bonus, 24 months vesting & health continuation. If CIC-related within 24 months → 3x (base + 3-yr avg bonus), full time-award vesting, 36 months benefits. 🛡️ $BXP #REIT #governance
OPP grants (12/22/25): 711,864 LTIP Units total; Owen Thomas 211,864 (others: Linde 148,305; LaBelle 72,034; Koop & Spann 59,322 each). Performance period 4 yrs; threshold $90 Adjusted Stock Price, 100% at $118; 1/3 vests at yr2, remainder yrs3–4. 📊 $BXP #compensation #investors