Market for Registrant’s Common Equity, Related Stockholder Matters and Issuer Purchases of Equity Securities.
−Removed: The common stock of Boston Properties, Inc.
+Added: The common stock of BXP, Inc.
is listed on the New York Stock Exchange under the symbol “BXP.” At February 21, 2025, BXP had approximately 1,009 stockholders of record.
3 unchanged sentences
BXP has adopted a policy of paying regular quarterly dividends on its common stock, and, as BPLP’s general partner, BXP has adopted a policy of paying regular quarterly distributions on common units of BPLP.
−Removed: Cash distributions have been paid on the common stock of BXP and BPLP’s common units since BXP’s initial public offering.
+Added: Cash distributions have been paid on the common stock of BXP and BPLP’s common units since BXP’s initial public offering in 1997.
Distributions are declared at the discretion of the Board of Directors of BXP and depend on actual and anticipated cash from operations, our financial condition, capital requirements, the annual distribution requirements under the REIT provisions of the Code and other factors the Board of Directors of BXP may consider relevant.
9 unchanged sentences
The data shown is based on the share prices or index values, as applicable, at the end of each month shown.
−Removed: T able of Contents
As of the year ended December 31,
2019 2020 2021 2022 2023 2024
−Removed: Boston Properties, Inc.
$ 100.00 $ 71.65 $ 90.43 $ 55.54 $ 61.55 $ 69.01
4 unchanged sentences
Of these shares, 178,705 shares were issued in reliance on an exemption from registration under Section 4(a)(2) of the Securities Act of 1933, as amended.
−Removed: We relied on the exemption under Section 4(a)(2) based upon factual representations received from the limited partner who received the common shares.
+Added: BXP relied on the exemption under Section 4(a)(2) based upon factual representations received from the limited partners who received the common shares.
(b) Not Applicable.
10 unchanged sentences
____________________
−Removed: (1) Includes 939 shares of restricted common stock of BXP repurchased in connection with the termination of certain employees’ employment with BXP.
−Removed: Under the terms of the applicable restricted stock award agreements, the shares were repurchased by BXP at a price of $0.01 per share, which was the amount originally paid by such employees for such shares.
−Removed: (a) Each time BXP issues shares of common stock (other than in exchange for common units when such common units are presented for redemption), it contributes the proceeds of such issuance to BPLP in return for an equivalent number of partnership units with rights and preferences analogous to the shares issued.
−Removed: During the three months ended December 31, 2023, in connection with issuances of common stock by BXP pursuant to the Boston Properties, Inc.
−Removed: 2021 Stock Incentive Plan, BPLP issued an aggregate of 348 common units to BXP in exchange for approximately $3.48, the aggregate proceeds of such common stock issuances to BXP.
−Removed: Such units were issued in reliance on an exemption from registration under Section 4(a)(2) of the Securities Act of 1933, as amended.
+Added: (1) Represents shares of common stock of BXP surrendered by employees to BXP to satisfy such employees’ tax withholding obligations in connection with the vesting of restricted common stock.
(b) Not Applicable.
(c) Issuer Purchases of Equity Securities.
−Removed: T able of Contents
Total Number of Units
8 unchanged sentences
____________________
−Removed: (1) Represents LTIP units that were repurchased by BPLP in connection with the termination of a certain employee’s employment with BXP.
−Removed: Under the terms of the applicable LTIP unit vesting agreements, such LTIP units were repurchased at a price of $0.25 per unit, which were the amounts originally paid by such employees for such units.
−Removed: (2) Represents common units previously held by BXP that were redeemed in connection with the repurchase of shares of restricted common stock of BXP in connection with the termination of certain employees’ employment with BXP.
−Removed: Under the terms of the applicable restricted stock award agreements, such shares were repurchased at a price of $0.01 per share, which were the amounts originally paid by such employees for such shares.
+Added: (1) Represents LTIP units that were repurchased by BPLP in connection with the termination of an employee’s employment with BXP.
+Added: Under the terms of the applicable LTIP unit vesting agreements, such LTIP units were repurchased at a price $0.25 per unit, which was the amount originally paid by such employee for such units.
Not applicable.
−Removed: T able of Contents
Compared sentence by sentence after normalising whitespace, quotation marks, case and digits, so re-formatting and restated figures do not read as changed language. Wording changes appear as one removal and one addition. The current filing and the prior one are authoritative.