Snider Britt A. 4
4 · COPT DEFENSE PROPERTIES · Filed Mar 3, 2026
Research Summary
AI-generated summary of this filing
COPT Defense Properties EVP Britt Snider Receives Equity Award
What Happened
Britt A. Snider, EVP & COO of COPT Defense Properties (CDP), was granted equity compensation on 2026-03-01 consisting of 11,203 shares and 3,734 profit interest units (reported as a derivative award). No cash was paid; prices are listed as N/A. These awards were reported on a Form 4 filed 2026-03-03.
Key Details
- Transaction date(s): 2026-03-01 (filed 2026-03-03). Price: N/A for both entries. Transaction type: Award/Grant (code A).
- Shares/units granted: 11,203 shares (direct) + 3,734 Profit Interest Units (derivative). Total units granted = 14,937.
- Shares owned after transaction: Not disclosed in this filing.
- Footnotes:
- F1 — Awards received as employment compensation.
- F2 — Each Profit Interest Unit converts automatically into one OP Unit (a share of COPT Defense Properties, L.P.) when vested and upon capital account equalization; OP Units are redeemable for cash or, at the company’s option, exchangeable one-for-one for common shares.
- F3 — Profit Interest Units issued under the COPT Defense Properties 2017 Omnibus Equity and Incentive Plan.
- F4 — Profit Interest Units vest in three equal installments over three years.
- Filing timeliness: Form 4 filed two days after the transaction date (March 3, 2026 for a March 1, 2026 transaction); the filing does not indicate a late filing flag.
Context
This was an equity grant as compensation, not a purchase or sale—such awards are routine for executives and reflect company compensation practices rather than an immediate market view. The 3,734 Profit Interest Units are derivative awards that will convert to OP Units (and potentially to common shares) only upon vesting and certain administrative steps; vesting is spread over three years in equal installments.
Insider Transaction Report
- Award
Common Shares
[F1]2026-03-01+11,203→ 14,203 total - Award
Profit Interest Units
[F2][F3][F1][F4]2026-03-01+3,734→ 56,529 total→ Common Shares (3,734 underlying)
Footnotes (4)
- [F1]Received as employment compensation.
- [F2]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 COPT Defense Properties, exchangeable for common shares of COPT Defense Properties, currently on a one-for-one basis.
- [F3]Represents Profit Interest Units issued pursuant to the COPT Defense Properties 2017 Omnibus Equity and Incentive Plan.
- [F4]The Profit Interest Units will vest in three equal installments over a three-year period.