Snider Britt A. 4
4 · COPT DEFENSE PROPERTIES · Filed Dec 4, 2023
Insider Transaction Report
Form 4
Snider Britt A.
EVP & COO
Transactions
- Award
Profit Interest Units
2023-12-01+23,474→ 23,474 total→ Common Shares (23,474 underlying)
Footnotes (4)
- [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 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 COPT Defense Properties 2017 Omnibus Equity and Incentive Plan.
- [F3]The Profit Interest Units will vest over five (5) years.
- [F4]Issued as employment compensation.