Mifsud Anthony 4

What Happened Anthony Mifsud, EVP and CFO of COPT Defense Properties (CDP), was granted 55,217 Profit Interest Units on 2026-02-05. The filing reports the units as acquired at $0.00 (an award/derivative grant). These Profit Interest Units convert into OP Units (one-for-one into COPT Defense Properties common shares) when they vest and the unit's capital account is equalized, and OP Units are redeemable for cash or exchangeable for common shares at the company's option.

Key Details

• Transaction date: 2026-02-05; Form 4 filed 2026-02-06 (appears timely).
• Transaction type/code: Award/Grant (A); amount: 55,217 Profit Interest Units; reported price: $0.00.
• Shares owned after transaction: Not specified in the filing.
• Plan/authority: Issued under the COPT Defense Properties 2017 Omnibus Equity and Incentive Plan (per footnote).
• Vesting/conversion note: Units convert to OP Units upon vesting and equalization; OP Units are redeemable for cash or exchangeable for common shares (one-for-one) at the company's option.

Context This is an equity compensation award, not an open-market purchase or sale. Profit Interest Units are contingent/derivative: they only become economic common shares (or cash) once vesting and capital-account equalization conditions are met, so this grant represents potential future ownership rather than an immediate market transaction.