Owen D. Thomas
Also at BXP Inc
About
Owen D. Thomas has built an illustrious career marked by over 35 years of executive leadership in the financial and real estate sectors, contributing significantly to the strategic direction and success of his organizations. His early career included key roles at major institutions such as Morgan Stanley, where he held senior positions in areas including real estate management and investment, setting the stage for his later achievements in corporate leadership.
At BXP, his leadership style has been defined by a commitment to innovation and sustainability, guiding the company through periods of economic volatility and ensuring its prominence in competitive gateway markets. His ability to navigate the complexities of the financial markets has also been reflected in his previous board roles and executive functions at Lehman Brothers and other prestigious companies.
Beyond his corporate achievements, he has demonstrated a strong commitment to industry initiatives and community involvement, contributing to organizations such as the Urban Land Institute, Real Estate Roundtable, and Nareit, among others. This blend of robust professional expertise and dedication to broader industry and community efforts underscores a career that is both impactful and multifaceted.
$BXP Performance Under Owen D. Thomas
Past Roles
External Roles
Fixed Compensation
Performance Compensation
Annual Bonus / AIP Performance Metrics
Target Bonus: $2,350,000
Actual Bonus: $2,721,300 (115.8% of target)
Evaluation Period: Calendar year 2023; bonus paid by March 15, 2024.
Long-Term Incentive (LTI) Equity Awards
Time-Based Awards
- Number of Units: 56,637 units
- Grant Date: February 3, 2023
- Grant Date Fair Value: $4,036,028
- Vesting Schedule: Vesting 25% annually over 4 years starting January 15, 2024
Performance-Based MYLTIP Awards
- Number of Units (Target/Max): Target: 64,202 units, Maximum: 128,403 units
- Grant Date: February 7, 2023
- Grant Date Fair Value: $5,225,000
- Baseline Share Price: $64.288
- Performance Period: February 7, 2023 to February 6, 2026
- Performance Metrics:
- Relative TSR and Absolute TSR
- Threshold: 0%, Target: 100%, Maximum: 200%
- Additional Conditions: Awards vest based on TSR performance with an additional one-year post-vesting holding period before monetization