XML 65 R43.htm IDEA: XBRL DOCUMENT v3.25.4
Stock Option and Incentive Plan (Tables)
12 Months Ended
Dec. 31, 2025
Share-based Compensation Arrangement by Share-based Payment Award [Line Items]  
Schedule of Share-Based Compensation, Employee Stock Purchase Plan, Activity Information for the Common Stock issues under the Stock Purchase Plan during the years ended December 31, 2025, 2024 and 2023 is as follows:
202520242023
Shares issued13,302 17,237 18,552 
Weighted average price per share$61.67 $56.28 $51.93 
2020-2022 Vested MYLTIPs [Member]  
Share-based Compensation Arrangement by Share-based Payment Award [Line Items]  
Disclosure of Share-based Compensation Arrangements by Share-based Payment Award [Table Text Block]
The following table shows the results for the MYLTIP awards at the end of their respective three-year measurement period (Aggregate value is shown in millions):
Measurement DateFinal Payout as a % of TargetAggregate ValueForfeited Units
2022 MYLTIP AwardsJanuary 31, 202559 %$5.4 177,919 
2021 MYLTIP AwardsFebruary 1, 2024112 %$12.6 155,625 
2020 MYLTIP AwardsFebruary 3, 202350 %$3.8 152,460 
Restricted Stock [Member]  
Share-based Compensation Arrangement by Share-based Payment Award [Line Items]  
Share-Based Compensation Arrangements by Share-Based Payment Award, Restricted Stock Units, Vested and Expected to Vest
The following table shows information for restricted stock that were issued by BXP during the years ended December 31, 2025, 2024 and 2023 (Issued value is shown in millions):
Restricted Stock202520242023
Shares issued56,273 83,316 73,762 
Issued value$4.1 $5.3 $5.4 
Weighted-average price per share$72.37 $63.28 $72.57 
LTIP Units [Member]  
Share-based Compensation Arrangement by Share-based Payment Award [Line Items]  
Share-Based Compensation Arrangements by Share-Based Payment Award, Restricted Stock Units, Vested and Expected to Vest
The following table shows information for LTIP units that were issued by BPLP during the years ended December 31, 2025, 2024 and 2023 (Issued value is shown in millions):
LTIP Units202520242023
Units Issued406,646 451,044 430,824 
Issued value$26.9 $26.8 $29.9 
Weighted-average price per unit$66.10 $59.41 $69.29 
Monte Carlo assumptions (1):
Expected life (in years)5.75.75.7
Risk free interest rate4.45 %4.03 %3.67 %
Expected price volatility38.0 %36.0 %32.0 %
_______________
(1)LTIP Units were valued using a Monte Carlo simulation method model in accordance with the provisions of ASC 718.
MYLTIP  
Share-based Compensation Arrangement by Share-based Payment Award [Line Items]  
Share-Based Compensation Arrangements by Share-Based Payment Award, Restricted Stock Units, Vested and Expected to Vest
The following table shows information for MYLTIP Units that were issued by BPLP during the years ended December 31, 2025, 2024 and 2023:
MYLTIP Units202520242023
Units Issued354,940 330,479 322,053 
2025 OPP  
Share-based Compensation Arrangement by Share-based Payment Award [Line Items]  
Shared-based Compensation Arrangement by Share-based Payment Award, Performance requirement
At a Dividend-Adjusted Stock Price Performance equal to or greater than $90.00, an approximately 30% increase from the closing stock price on the Grant Date, the LTIP Units will be earned as follows (subject to the additional service-based vesting requirements described below):
Performance TierDividend-Adjusted Stock Price PerformancePercentage of Award Earned
Eight$118.00100.0%
Seven$114.0087.5%
Six$110.0075.0%
Five$106.0062.5%
Four$102.0050.0%
Three$98.0037.5%
Two$94.0025.0%
One$90.0012.5%