BXP, Inc. extended its Chief Executive Officer's employment agreement through December 31, 2029, aligning with the company's strategic action plan.
The Board approved the 2025 Outperformance Plan (OPP) to retain and incentivize senior management.
Under the OPP, equity awards were granted to align management with shareholder interests.
CEO's Agreement
Owen D. Thomas's employment extended for four years, strengthening continuity and aligning with strategic plan.
Outperformance Plan
Equity awards under the OPP aim to retain and incentivize senior management, linking compensation to shareholder value creation.
Stock Price Targets
To earn awards, BXP's stock price must reach $90 per share for 20 consecutive days and exceed $118 for maximum performance.
- BXP will account for OPP awards using the graded vesting attribution method.
- Preliminary valuations suggest approximately $32.1 million in OPP-related compensation expense over the four-year period.
The extension of the CEO's agreement and the OPP demonstrate BXP's commitment to aligning management incentives with shareholder interests, aiming for sustained growth and value creation.