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BXP Extends CEO Contract and Adopts 2025 Incentive Plan

Story Highlights
  • BXP extended CEO Owen Thomas’s largely unchanged employment agreement to 2029, reinforcing leadership continuity and alignment with its multi-year strategic plan.
  • BXP adopted a four-year, performance-based Outperformance Plan for senior leaders, tying sizable equity awards to steep share-price gains and incurring about $32 million in related expense.
  • Looking for the best stocks to buy? Follow the recommendations of top-performing analysts.
BXP Extends CEO Contract and Adopts 2025 Incentive Plan

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The latest update is out from BXP ( (BXP) ).

On December 22, 2025, BXP extended the employment agreement of Chief Executive Officer and Chairman Owen D. Thomas by three years to December 31, 2029, largely preserving his existing compensation structure while reinforcing his role in executing the company’s multi-year strategic action plan. The new agreement clarifies severance, retirement eligibility and non-compete terms, and explicitly ties Thomas’s continued service to the value-creation horizon of the plan, signaling the board’s emphasis on leadership continuity and long-term strategy execution. On the same date, BXP’s board approved a 2025 Outperformance Plan that grants up to 711,864 performance-based LTIP units to Thomas and other senior executives, payable only if dividend-adjusted share price gains reach at least 30% and up to about 70% over a four-year performance period ending December 22, 2029, with strict service-based vesting and no retirement-related acceleration. The company expects to recognize approximately $32.1 million of compensation expense from these awards over the four-year period, including about $11.6 million, or $0.07 per share, in 2026, highlighting a deliberate shift to performance-linked equity that tightens alignment between management pay and shareholder returns while modestly increasing reported compensation costs over the life of the plan.

The most recent analyst rating on (BXP) stock is a Buy with a $79.00 price target. To see the full list of analyst forecasts on BXP stock, see the BXP Stock Forecast page.

Spark’s Take on BXP Stock

According to Spark, TipRanks’ AI Analyst, BXP is a Neutral.

BXP’s overall score reflects strong leasing performance and strategic asset sales, which are offset by profitability challenges and high leverage. The positive earnings call and stable cash flow generation provide some support, but valuation concerns due to negative earnings weigh on the score.

To see Spark’s full report on BXP stock, click here.

More about BXP

BXP, Inc. (NYSE: BXP) is the largest publicly traded developer, owner, and manager of premier workplaces in the United States, operating as a fully integrated real estate investment trust with a 54.6 million-square-foot portfolio as of September 30, 2025, concentrated in six major gateway markets: Boston, Los Angeles, New York, San Francisco, Seattle, and Washington, DC.

Average Trading Volume: 1,671,523

Technical Sentiment Signal: Sell

Current Market Cap: $11.97B

For an in-depth examination of BXP stock, go to TipRanks’ Overview page.

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