[Form 4] COPT DEFENSE PROPERTIES Insider Trading Activity
Filing Impact
Filing Sentiment
Form Type
4
Rhea-AI Filing Summary
COPT Defense Properties director Essye B. Miller received a grant of 3,803 Profit Interest Units as compensation for service on the Board of Trustees. The award was made on May 14, 2026 at a price of $0.00 per unit, bringing her total holdings of these units to 3,803.
Each Profit Interest Unit will automatically convert into one OP Unit in COPT Defense Properties, L.P. when vested and after its capital account is equalized. OP Units are redeemable for cash or, at the company’s option, exchangeable on a one-for-one basis for common shares. The units vest on the first anniversary of the grant date if she remains a trustee and do not expire once vested.
Positive
- None.
Negative
- None.
Insider Trade Summary
1 transaction reported
Mixed
1 txn
Insider
Miller Essye B.
Role
null
| Type | Security | Shares | Price | Value |
|---|---|---|---|---|
| Grant/Award | Profit Interest Units | 3,803 | $0.00 | -- |
Holdings After Transaction:
Profit Interest Units — 3,803 shares (Direct, null)
Footnotes (1)
- 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. The Profit Interest Units will vest on the first anniversary of the grant date, provided that the reporting person remains a trustee on such date. The Profit Interest Units do not expire once vested. Issued as compensation for service on the Board of Trustees.
Key Figures
Profit Interest Units granted: 3,803 units
Grant price per unit: $0.00 per unit
Underlying common shares: 3,803 shares
+1 more
4 metrics
Profit Interest Units granted
3,803 units
Grant on May 14, 2026 to Essye B. Miller
Grant price per unit
$0.00 per unit
Compensation award, not a market purchase
Underlying common shares
3,803 shares
Each unit corresponds to one common share via OP Unit
Total units after transaction
3,803 units
Director’s holdings of Profit Interest Units after grant
Key Terms
Profit Interest Units, OP Unit, vest, redeemable for cash, +1 more
5 terms
Profit Interest Units financial
"Each Profit Interest Unit will convert automatically into one share of beneficial interest"
OP Unit financial
"designated as a unit (an "OP Unit"), in COPT Defense Properties, L.P."
An op unit is shorthand for an operating unit — a distinct part of a company that runs day-to-day activities, such as manufacturing, sales, or a product line, with its own management and performance metrics. Investors care because each unit’s results show which parts of the business are profitable or struggling, much like checking individual rooms in a house to see where energy or costs are leaking, helping assess growth potential and risk.
vest financial
"The Profit Interest Units will vest on the first anniversary of the grant date"
A vest is the process by which an employee earns the right to receive certain benefits or ownership interests, such as stock or retirement funds, over time. It’s similar to earning a reward gradually, ensuring that the benefit becomes fully yours only after a set period or meeting specific conditions. This makes it important for investors because it determines when they can actually claim or use those benefits.
redeemable for cash financial
"OP Units are redeemable for cash, or, at the option of COPT Defense Properties"
Board of Trustees financial
"Issued as compensation for service on the Board of Trustees."
A board of trustees is a group of individuals responsible for overseeing and guiding the management of an organization, such as a nonprofit, university, or charity. They act like a steering committee, making important decisions to ensure the organization stays true to its mission and remains financially healthy. For investors, the board’s effectiveness can influence the organization’s stability and long-term success.
