Owen D. Thomas is the CEO of Boston Properties, Inc. (BXP) since April 2013. He has a background in finance, holding a Bachelor's degree in Mechanical Engineering from the University of Virginia and an MBA from Harvard Business School. Owen...

Owen D. Thomas is the CEO of Boston Properties, Inc. (BXP) since April 2013. He has a background in finance, holding a Bachelor's degree in Mechanical Engineering from the University of Virginia and an MBA from Harvard Business School. Owen has over 30 years of experience in the real estate industry and was previously CEO of Morgan Stanley Asia. He also served on the boards of other major companies such as Lehman Brothers and Marriott International. His leadership at BXP has seen the company focus on performance-based compensation, and he earned $12.96 million in total compensation for 2023, which included a salary of $950,000 and performance bonuses. Interestingly, his compensation is tied to the company's long-term performance metrics, emphasizing profits and shareholder value. Owen's wealth is heavily tied to his stake in BXP, showcasing his investment in the company’s success. He has also been actively involved in various charitable organizations and is recognized as a significant figure in the real estate and finance sectors.

Quick Links

1. Rivals

2. Holdings

3. Insider Trading

4. Compensation History

5. Other Boston Properties CEOs

B

Owen D. Thomas

CEO of Boston Properties

Education

B.A. in Mechanical Engineering from the University of Virginia; M.B.A. from Harvard Business School

Field of Expertise

Finance & Banking - Finance

Sector of Economy

Real Estate

Born

January 1, 1962 - 63 years ago

CEO of Boston Properties for

12 years 0 months (Apr 2013 - Present)

Previous Experience

Chairman of the Board of Directors of Lehman Brothers Holdings Inc. since March 2012; various positions at Morgan Stanley from 1987 until 2011, including Chief Executive Officer of Morgan Stanley Asia Ltd.

Rivals

Competitors/colleagues of Owen D. Thomas

S

Marc Holliday

CEO of SL Green Realty

2023 Compensation

Stock

$0.00

Salary

$1.25M

Bonus

$2.91M

Other

$36.46K

Total Holdings

$89.45M

H

Theodore J. Klinck

CEO of Highwoods Properties

2023 Compensation

Stock

$1.12M

Salary

$757.50K

Bonus

$1.22M

Other

$191.46K

Total Holdings

$12.73M

D

Jordan Kaplan

CEO of Douglas Emmett

2023 Compensation

Stock

$9.29M

Salary

$800.00K

Bonus

$0.00

Other

$21.11K

Total Holdings

$45.43M

E

Joseph (Joe) D. Margolis

CEO of Extra Space Storage

2022 Compensation

Stock

$0.00

Salary

$900.00K

Bonus

$0.00

Other

$814.54K

Total Holdings

$34.29M

Holdings

See how much did Owen D. Thomas make over time.

Owen D. Thomas holds a significant amount of wealth in Boston Properties, Inc. (BXP). In the past years, his insider trading activities showed substantial fluctuations, with notable securities sold reaching around $1.28 million in February 2020. His wealth largely ties...

Owen D. Thomas holds a significant amount of wealth in Boston Properties, Inc. (BXP). In the past years, his insider trading activities showed substantial fluctuations, with notable securities sold reaching around $1.28 million in February 2020. His wealth largely ties to his holdings in BXP, with key sales averaging around $1 million monthly during active trading periods. As of now, his net worth heavily leans on the company's performance, showcasing both a commitment to the firm and a vested interest in its future. The value of his investments reflects the company's growth and earnings potential, hinting at an insider's optimism about its trajectory in the real estate market.

Insider Trading

See recent insider trades of Owen D. Thomas.

BXP

$1.00M

BXP at $111.10/share

Jun 18, 2013

Purchase

Compensation History

See how much did Owen D. Thomas make over time.

In 2023, Owen D. Thomas received a total compensation of approximately $12.96 million as CEO of Boston Properties. His earnings included a base salary of $950,000, performance bonuses that were linked to both company and individual achievements, and additional benefits totaling around $31,636. The performance bonuses for 2023 reflected his success in surpassing specific targets set by the board. This pay structure underscores the company's strategy of aligning executive incentives with its long-term goals and investor interests. Owen's compensation is indicative of the industry standard for CEOs of companies in the real estate sector and highlights the company's focus on shareholder value and sustainability.

Year

2023

Total Compensation

$3.70M

Salary

$950.00K

Board Justification

The compensation philosophy is designed to attract and retain talented executives while aligning their interests with those of stockholders through a significant portion of compensation being performance-based and tied to long-term company performance.

Bonus

$2.72M

Board Justification

The actual earned bonus for 2023 was determined based on the achievement of Company and individual performance goals, with a target bonus of $2,350,000.

Other

$31.64K

Board Justification

Other compensation includes life insurance premiums, 401(k) company match, and advisor fees incurred in connection with his employment agreement.

Restricted Stock

$0.00(0 LTIP units)

Board Justification

No stock grants were vested in 2023 as all stock awards were either granted or vested in previous years.

Performance Metrics

The performance metrics for determining compensation included diluted FFO per share, leasing performance, and total stockholder return.

Other Boston Properties CEOs

Here are other CEOs of Boston Properties

Mortimer B. Zuckerman

Ex-CEO of Boston Properties

January 2013 - April 2013