BXP, Inc. extended the employment agreement of Owen D. Thomas, the CEO and Chairman of the Board.
The new agreement aligns with a multi-year strategic action plan introduced at BXP's Investor Day.
The company also introduced the 2025 Outperformance Plan to retain and incentivize key members of senior management.
CEO's Tenure Extended
Owen D. Thomas extended his CEO tenure for the next four years, aligning with BXP's strategic action plan.
2025 Outperformance Plan
The company introduced equity awards under the OPP to incentivize senior management and align with shareholder interests.
Stock Price Thresholds
To earn OPP awards, BXP's stock price must reach and exceed specific thresholds for consecutive trading days.
- BXP aims to maximize senior management alignment with shareholder interests through the OPP.
- The OPP awards are linked to performance thresholds, ensuring direct correlation with shareholder value creation.
The extension of Owen D. Thomas's employment agreement and the introduction of the 2025 OPP demonstrate BXP's commitment to leadership continuity and shareholder value creation.