Mifsud Anthony 4

What Happened
Anthony Mifsud, EVP and CFO of COPT Defense Properties, received compensation awards on March 1, 2026 consisting of two grants: 8,149 shares and 8,149 profit-interest units (derivative). No purchase price was reported (N/A). The profit-interest units convert to OP Units (one-for-one exchangeable for common shares or redeemable for cash at the company's option) when vested and upon equalization of the capital account.

Key Details

• Transaction date: 2026-03-01; Form 4 filed: 2026-03-03 (timely filing).
• Grants: 8,149 shares (award) + 8,149 Profit Interest Units (derivative) = 16,298 total units awarded. Reported price: N/A.
• Vesting: Profit Interest Units vest in three equal installments over three years.
• Purpose: Received as employment compensation under the COPT Defense Properties 2017 Omnibus Equity and Incentive Plan.
• Shares owned after transaction: not disclosed in the filing.

Context
These were compensation awards, not open-market purchases or sales; such grants are routine executive compensation and do not by themselves indicate buying/selling sentiment. The derivative Profit Interest Units will convert to OP Units (and may be redeemed for cash or converted one-for-one into COPT common shares) once vested and equalized.