Type | Sym | Class | Transaction | Value $ | Shares | Change % | * Price $ | Shares After | Date | Underlying Class | Amount | Exercise Price | Ownership | Footnotes |
---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
transaction | OFC | Profit Interest Units | Award | +4.52K | +61.48% | 11.9K | May 11, 2023 | Common Shares | 4.52K | Direct | F1, F2, F3, F4 |
Id | Content |
---|---|
F1 | Each Profit Interest Unit will convert automatically into one share of beneficial interest, designated as a unit (an "OP Unit"), in Corporate Office Properties, L.P. when such Profit Interest Unit becomes vested and upon equalization of its capital account balance. OP Units are redeemable for cash, or, at the option of Corporate Office Properties Trust, exchangeable for common shares of Corporate Office Properties Trust, currently on a one-for-one basis. |
F2 | The Profit Interest Units will vest on the first anniversary of the grant date, provided that the reporting person remains a trustee on such date. |
F3 | The Profit Interest Units do not expire once vested. |
F4 | Issued as compensation for service on the Board of Trustees. |