C. Taylor Pickett - May 9, 2024 Form 4 Insider Report for COPT DEFENSE PROPERTIES (CDP)

Role
Director
Signature
/s/ David L. Finch by Power of Attorney
Stock symbol
CDP
Transactions as of
May 9, 2024
Transactions value $
$0
Form type
4
Date filed
5/13/2024, 04:55 PM
Previous filing
Apr 2, 2024
Next filing
Jul 2, 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 +4.4K +22.79% 23.7K May 9, 2024 Common Shares 4.4K Direct F1, F2, F3, F4
* 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 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.