BXP Inc. has extended CEO Owen D. Thomas’ employment agreement through December 31, 2029, aligning his tenure with the company’s multi-year strategic action plan. The Board of Directors also approved the 2025 Outperformance Plan $(OPP)$, granting equity awards to Mr. Thomas and other senior leaders. Under the OPP, compensation is tied to the creation of shareholder value, with maximum potential awards estimated at about one percent of the aggregate incremental value realized by shareholders. The company expects to recognize approximately $32.1 million in OPP-related compensation expense over four years, including about $11.6 million, or $0.07 per share, in 2026. The OPP awards do not provide for accelerated or continued vesting in connection with a qualified retirement.

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