COPT Defense Properties (CDP) Director Robert L. Denton Sells Shares

What Happened

• Robert L. Denton, a director of COPT Defense Properties (CDP), sold 3,922 shares in an open-market transaction on May 26, 2026. The reported weighted-average sale price was $32.38, resulting in total proceeds of approximately $126,994. This was a sale (not a purchase or option exercise) and is generally considered routine insider selling.

Key Details

• Transaction date: 2026-05-26 (reported on Form 4 filed 2026-05-28).
• Shares sold: 3,922 at a weighted-average price of $32.38 (range reported $32.25–$32.50).
• Total proceeds: about $126,994.
• Shares owned after transaction: not specified in the provided filing.
• Footnote: The $32.38 price is a weighted average of sales in the $32.25–$32.50 range; the filer will provide a breakdown of shares sold at each price on request (Footnote F1).
• Filing timeliness: Form 4 was filed two days after the trade date; no late filing was indicated.

Context

• This was a straightforward open-market sale by a company director. Sales do not necessarily indicate a change in view about the company—insiders sell for many personal or routine reasons. For retail investors, purchases typically carry clearer signals of insider confidence, while isolated sales are common and should be interpreted with caution.