7 unchanged sentences
Maximum Number (or Approximate Dollar Value) of Shares that May Yet be Purchased under the Plans or Programs
−Removed: July 1, 2024 – July 31, 2024 — $ — N/A N/A
−Removed: August 1, 2024 – August 31, 2024 773 (1) $ 69.99 N/A N/A
−Removed: September 1, 2024 – September 30, 2024 1,064 (1) $ 74.56 N/A N/A
+Added: January 1, 2025 – January 31, 2025 17,512 (1) $ 70.16 N/A N/A
+Added: February 1, 2025 – February 28, 2025 1,913 (2) $ 0.01 N/A N/A
+Added: March 1, 2025 – March 31, 2025 420 (1) $ 69.00 N/A N/A
Total 19,845 $ 63.38 N/A N/A
(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.
+Added: (2) Represents shares of restricted common stock of BXP repurchased in connection with the termination of a certain employee’s employment with BXP.
+Added: 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 employee for such shares.
Boston Properties Limited Partnership
(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 September 30, 2024, in connection with issuances of common stock by BXP pursuant to purchases under the Boston Properties, Inc.
+Added: During the three months ended March 31, 2025, in connection with issuances of common stock by BXP pursuant to issuances of restricted common stock to employees under the Boston Properties, Inc.
+Added: 2021 Stock Incentive Plan and purchases of common stock under the Boston Properties, Inc.
1999 Employee Stock Purchase Plan, BPLP issued an aggregate of 55,869 common units to BXP in exchange for approximately $0.4 million, the aggregate proceeds of such common stock issuances to BXP.
2 unchanged sentences
(c) Issuer Purchases of Equity Securities.
+Added: T able of Contents
Total Number of Units Purchased (b)
2 unchanged sentences
Maximum Number (or Approximate Dollar Value) of Units that May Yet be Purchased Under the Plans or Programs
−Removed: July 1, 2024 – July 31, 2024 — $ — N/A N/A
−Removed: August 1, 2024 – August 31, 2024 773 (1) $ 69.99 N/A N/A
−Removed: September 1, 2024 – September 30, 2024 1,064 (1) $ 74.56 N/A N/A
+Added: January 1, 2025 – January 31, 2025 195,431 (1) $ 6.69 N/A N/A
+Added: February 1, 2025 – February 28, 2025 1,913 (2) $ 0.01 N/A N/A
+Added: March 1, 2025 – March 31, 2025 420 (3) $ 69.00 N/A N/A
Total 197,764 $ 6.75 N/A N/A
+Added: (1) Includes 177,919 2022 MYLTIP units.
+Added: The measurement period for such 2022 MYLTIP units ended on January 31, 2025 and BXP’s total return to stockholders was sufficient for employees to earn and therefore become eligible to vest in a portion of the 2022 MYLTIP units.
+Added: Under the terms of the applicable 2022 MYLTIP award agreements, the 177,919 unearned 2022 MYLTIP units were repurchased at a price of $0.25 per unit, which was the amount originally paid by each employee for the units.
+Added: Also includes 17,512 common units previously held by BXP that were redeemed in connection with the surrender of shares of restricted common stock of BXP by employees to BXP to satisfy such employees’ tax withholding obligations in connection with the vesting of restricted common stock.
+Added: (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 an employee’s employment with BXP.
+Added: Under the terms of the applicable restricted stock award agreements, such shares were repurchased at a price of $0.01 per share, which was the amount originally paid by such employee for such shares.
(3) Represents common units previously held by BXP that were redeemed in connection with the surrender of shares of restricted common stock of BXP by employees to BXP to satisfy such employees’ tax withholding obligations in connection with the vesting of restricted common stock.
2 unchanged sentences
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.