Stephen E. Budorick - Mar 1, 2024 Form 4 Insider Report for COPT DEFENSE PROPERTIES (CDP)

Role
PRESIDENT/CEO, Director
Signature
/s/ David L. Finch, by Power of Attorney
Stock symbol
CDP
Transactions as of
Mar 1, 2024
Transactions value $
$0
Form type
4
Date filed
3/5/2024, 05:20 PM
Previous filing
Feb 5, 2024
Next filing
Nov 5, 2024

Derivative Securities (e.g., puts, calls, warrants, options, convertible securities)

Type Sym Class Transaction Value $ Shares Change % * Price $ Shares After Date Underlying Class Amount Exercise Price Ownership Footnotes
transaction CDP Profit Interest Units Award $0 +66.5K +11.05% $0.00 668K Mar 1, 2024 Common Shares 66.5K Direct F1, F2, F3
* An asterisk sign (*) next to the price indicates that the price is likely invalid.

Explanation of Responses:

Id Content
F1 Each Profit Interest Unit will convert automatically into one share of beneficial interest, designated as a unit (an "OP Unit"), in COPT Defense 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 COPT Defense Properties, exchangeable for common shares of COPT Defense Properties, currently on a one-for-one basis.
F2 Represents Profit Interest Units issued pursuant to the COPT Defense Properties 2017 Omnibus Equity and Incentive Plan.
F3 The Profit Interest Units will vest in three equal installments over a three-year period.