BUDORICK STEPHEN E 4
4 · CORPORATE OFFICE PROPERTIES TRUST · Filed Mar 3, 2023
Insider Transaction Report
Form 4
BUDORICK STEPHEN E
DirectorPRESIDENT/CEO
Transactions
- Award
Profit Interest Units
2023-03-01+54,238→ 446,568 total→ Common Shares (54,238 underlying)
Footnotes (3)
- [F1]Each Profit Interest Unit will convert automatically into one share of beneficial interest, designated as a unit (an "OP Unit"), in Corporate Office 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 Corporate Office Properties Trust, exchangeable for common shares of Corporate Office Properties Trust, currently on a one-for-one basis.
- [F2]Represents Profit Interest Units issued pursuant to the Corporate Office Properties Trust 2017 Omnibus Equity and Incentive Plan.
- [F3]The Profit Interest Units will vest in three equal installments over a three-year period.