BXP Management

Management criteria checks 3/4

BXP's CEO is Owen Thomas, appointed in Apr 2013, has a tenure of 11.42 years. total yearly compensation is $12.96M, comprised of 7.3% salary and 92.7% bonuses, including company stock and options. directly owns 0.007% of the company’s shares, worth MX$18.71M. The average tenure of the management team and the board of directors is 10 years and 8.3 years respectively.

Key information

Owen Thomas

Chief executive officer

US$13.0m

Total compensation

CEO salary percentage	7.3%
CEO tenure	11.4yrs
CEO ownership	0.007%
Management average tenure	10yrs
Board average tenure	8.3yrs

Recent management updates

Recent updates

CEO Compensation Analysis

How has Owen Thomas's remuneration changed compared to BXP's earnings?
Date	Total Compensation	Salary	Company Earnings
Jun 30 2024	n/a	n/a	US$167m
Mar 31 2024	n/a	n/a	US$192m
Dec 31 2023	US$13m	US$950k	US$190m
Sep 30 2023	n/a	n/a	US$192m
Jun 30 2023	n/a	n/a	US$664m
Mar 31 2023	n/a	n/a	US$783m
Dec 31 2022	US$13m	US$925k	US$848m
Sep 30 2022	n/a	n/a	US$911m
Jun 30 2022	n/a	n/a	US$659m
Mar 31 2022	n/a	n/a	US$548m
Dec 31 2021	US$13m	US$900k	US$496m
Sep 30 2021	n/a	n/a	US$320m
Jun 30 2021	n/a	n/a	US$301m
Mar 31 2021	n/a	n/a	US$457m
Dec 31 2020	US$11m	US$900k	US$861m
Sep 30 2020	n/a	n/a	US$994m
Jun 30 2020	n/a	n/a	US$1b
Mar 31 2020	n/a	n/a	US$909m
Dec 31 2019	US$12m	US$898k	US$511m
Sep 30 2019	n/a	n/a	US$519m
Jun 30 2019	n/a	n/a	US$530m
Mar 31 2019	n/a	n/a	US$494m
Dec 31 2018	US$12m	US$875k	US$572m
Sep 30 2018	n/a	n/a	US$528m
Jun 30 2018	n/a	n/a	US$526m
Mar 31 2018	n/a	n/a	US$531m
Dec 31 2017	US$10m	US$875k	US$452m

Compensation vs Market: Owen's total compensation ($USD12.96M) is above average for companies of similar size in the MX market ($USD5.68M).

Compensation vs Earnings: Owen's compensation has been consistent with company performance over the past year.

CEO

Owen Thomas (62 yo)

11.4yrs

Tenure

US$12,963,964

Compensation

Mr. Owen David Thomas has been Chairman of the Board of BXP, Inc. (formerly known as Boston Properties, Inc.) since May 19, 2022. He is Global Chairman of the Urban Land Institute, Director of the Real Est...

Leadership Team

Name	Position	Tenure	Compensation	Ownership
Owen Thomas	CEO & Chairman of the Board	11.4yrs	US$12.96m	0.0066% MX$ 18.7m
Douglas Linde	President & Director	17.3yrs	US$8.97m	0.12% MX$ 327.5m
Michael LaBelle	Executive VP	16.8yrs	US$4.38m	0.015% MX$ 42.6m
Raymond Ritchey	Senior Executive Vice President	26.4yrs	US$6.85m	0.0090% MX$ 25.2m
Bryan Koop	Executive Vice President of Boston Region	8.7yrs	US$3.33m	0.0065% MX$ 18.3m
Mortimer Zuckerman	Co-Founder & Chairman Emeritus	54.7yrs	US$654.66k	no data
Michael Walsh	Senior VP & Chief Accounting Officer	8.3yrs	no data	no data
James Whalen	Senior VP & Chief Technology Officer	less than a year	no data	no data
Colin Joynt	Senior VP & Chief Information Officer	less than a year	no data	no data
Helen Han	Vice President of Investor Relations	no data	no data	no data
Eric Kevorkian	Senior VP	2.7yrs	no data	0.00051% MX$ 1.4m
Laura Sesody	Senior Vice President of Corporate Marketing & Communications	no data	no data	no data

10.0yrs

Average Tenure

61yo

Average Age

Experienced Management: BXP *'s management team is seasoned and experienced (10 years average tenure).

Board Members

Name	Position	Tenure	Compensation	Ownership
Owen Thomas	CEO & Chairman of the Board	11.4yrs	US$12.96m	0.0066% MX$ 18.7m
Douglas Linde	President & Director	14.7yrs	US$8.97m	0.12% MX$ 327.5m
Mortimer Zuckerman	Co-Founder & Chairman Emeritus	8.3yrs	US$654.66k	no data
Timothy Naughton	Independent Director	less than a year	no data	0.0018% MX$ 5.1m
Bruce Duncan	Independent Director	8.3yrs	US$269.17k	0.013% MX$ 37.5m
William Walton	Independent Director	5.3yrs	US$243.50k	0% MX$ 0
Matthew Lustig	Independent Director	13.7yrs	US$268.50k	0.0063% MX$ 17.8m
Joel Klein	Lead Independent Director	11.7yrs	US$277.74k	0% MX$ 0
Carol Einiger	Independent Director	20.3yrs	US$256.56k	0.011% MX$ 32.1m
Derek West	Independent Director	1.3yrs	US$222.68k	0.0030% MX$ 8.6m
Diane Hoskins	Independent Director	5.3yrs	US$285.00k	0.0083% MX$ 23.5m
Mary Kipp	Independent Director	2.8yrs	US$270.64k	0.00034% MX$ 958.1k

8.3yrs

Average Tenure

65yo

Average Age

Experienced Board: BXP *'s board of directors are considered experienced (8.3 years average tenure).

BXP Management

Management criteria checks 3/4

Key information

Recent management updates

Boston Properties, Inc., Annual General Meeting, May 22, 2024

Boston Properties, Inc. Board Changes

BXP Announces Executive Changes

High number of new directors

Independent Director recently bought Mex$10m worth of stock

Recent updates

BXP, Inc. Updates Earnings Guidance for the Full Year of 2024

BXP, Inc. to Report Q3, 2024 Results on Oct 29, 2024

BXP, Inc. to Report Q2, 2024 Results on Jul 30, 2024

Boston Properties, Inc. Declares Quarterly Cash Dividend for the Period April 1, 2024 to June 30, 2024, Payable on July 31, 2024

Boston Properties, Inc. Provides Earnings Guidance for the Second Quarter of Fiscal 2024 and Full Year 2024

Boston Properties, Inc., Annual General Meeting, May 22, 2024

Boston Properties, Inc. to Report Q1, 2024 Results on Apr 30, 2024

Boston Properties, Inc. Declares Regular Quarterly Dividend, Payable on April 30, 2024

Boston Properties, Inc. Provides Earnings Guidance for the First Quarter of 2024 and Fiscal Year 2024

Boston Properties, Inc. to Report Q4, 2023 Results on Jan 30, 2024

New minor risk - Profit margin trend

Boston Properties, Inc. Declares Regular Quarterly Cash Dividend, Payable on January 30, 2024

Norges Bank Investment Management entered into agreement to acquire 45% stake in Life Sciences Development Properties Located in Kendall Square in Cambridge, Massachusetts from Boston Properties, Inc. (NYSE:BXP) for $210 million.

Boston Properties, Inc. Provides Updated Earnings Guidance for Full Year 2023

Clark Construction Group Joins Representatives from BXP to Celebrate the Topping Out of Skymark Reston Town Center

Boston Properties, Inc. to Report Q3, 2023 Results on Nov 01, 2023

Boston Properties, Inc. Declares Regular Quarterly Dividend, Payable on October 31, 2023

Boston Properties, Inc. Board Changes

BXP Announces Executive Changes

Boston Properties, Inc. to Report Q2, 2023 Results on Aug 01, 2023

Boston Properties, Inc. Declares Regular Quarterly Cash Dividend for the Period April 1, 2023 to June 30, 2023, Payable on July 31, 2023

High number of new directors

Investor sentiment deteriorates as stock falls 65%

Independent Director recently bought Mex$10m worth of stock

Full year 2022 earnings released: EPS: US$5.42 (vs US$3.18 in FY 2021)

Boston Properties, Inc. Revised Earnings Guidance for the Full Year of 2023

Boston Properties, Inc. to Report Q4, 2022 Results on Jan 31, 2023

Boston Properties, Inc. Declares Quarterly Cash Dividend for the Period from October 1, 2022 to December 31, 2022, Payable on January 30, 2023

An unknown buyer acquired the residential component of The Avant from Boston Properties, Inc. (NYSE:BXP).

Boston Properties, Inc. Provides Earnings Guidance for the Full Year 2022; and Full Year 2023

Third quarter 2022 earnings released: EPS: US$2.30 (vs US$0.69 in 3Q 2021)

An unknown buyer entered into an agreement to acquire the residential component of The Avant from Boston Properties, Inc. (NYSE:BXP) for approximately $140 million.

Boston Properties, Inc. to Report Q3, 2022 Results on Oct 25, 2022

Upcoming dividend of US$0.98 per share

Boston Properties, Inc. (NYSE:BXP) acquired 125 Broadway, A six story 271,000 Square Foot Laboratory/Life Sciences Property from Biogen Inc. (NasdaqGS:BIIB) for $592 million.

BXP Declares Regular Quarterly Dividend, Payable on October 31, 2022

Boston Properties, Inc. Provides Earnings Guidance for the Third Quarter and Full Year 2022

Second quarter 2022 earnings released: FFO: US$773.9m per share (vs US$1.72 in 2Q 2021)

Boston Properties, Inc. to Report Q2, 2022 Results on Jul 26, 2022

Upcoming dividend of US$0.98 per share

Boston Properties, Inc. Declares Regular Quarterly Dividend, Payable on July 29, 2022

CEO Compensation Analysis

CEO

Tenure

Compensation

Leadership Team

Average Tenure

Average Age

Board Members

Average Tenure

Average Age