Director at COPT Defense Properties (NYSE: CDP) redeems 1,500 Common Units for cash
Rhea-AI Filing Summary
DENTON ROBERT L reported disposition transactions in this Form 4 filing.
COPT Defense Properties director Robert L. Denton redeemed 1500 Common Units of limited partnership interest in COPT Defense Properties, L.P. Common Units are convertible into an equal number of common shares of beneficial interest or, at the issuer’s election, cash equal to the fair market value of such shares. For these 1500 units, the issuer elected to pay cash upon conversion based on the 10-day average closing price of its common shares on the New York Stock Exchange. After this redemption, Denton directly holds 140264 Common Units.
Positive
- None.
Negative
- None.
Insider Trade Summary
0 shares exercised/converted
Exercise
1 txn
Insider
DENTON ROBERT L
Role
Director
| Type | Security | Shares | Price | Value |
|---|---|---|---|---|
| Conversion | Common Units-CDPLP F1, F2 | 0 | $0.00 | $0.00 |
Holdings After Transaction:
Common Units-CDPLP — 140,264 shares (Direct)
Footnotes (2)
- F1. The reporting person redeemed 1500 common units of limited partnership interest ("Common Units") of COPT Defense Properties, L.P., of which the issuer is the general partner. Common Units are convertible into an equal number of the issuer's common shares of beneficial interest or, at the election of the issuer, cash equal to the fair market value of such shares. In the case of these 1500 Common Units, the issuer elected to pay cash upon the conversion of the reporting person's Common Units, based on the 10-day average closing price of the issuer's common shares on the New York Stock Exchange. Common Units have no expiration date.
- F2. Common Units are convertible upon issuance.
Key Figures
Common Units Redeemed: 1500.0000 Common Units
Conversion or Exercise Price: 37.6320 per Common Unit
Common Units Held After Transaction: 140264.0000 Common Units
3 metrics
Common Units Redeemed
1500.0000 Common Units
Common Units of COPT Defense Properties, L.P. redeemed by director Robert L. Denton
Conversion or Exercise Price
37.6320 per Common Unit
Conversion or exercise price associated with the redeemed Common Units
Common Units Held After Transaction
140264.0000 Common Units
Total Common Units of COPT Defense Properties, L.P. directly held by Denton following the redemption
Key Terms
Common Units, limited partnership interest, fair market value, 10-day average closing price
4 terms
Common Units financial
"redeemed 1500 common units of limited partnership interest ("Common Units") of COPT Defense Properties"
Common units are the basic ownership stakes in a company, limited partnership, or trust that function like common stock: they give holders a claim on profits and often voting rights. Think of them as the ordinary seats at a table—the most directly affected by the business’s success or failure, so they typically offer higher upside but carry greater risk than preferred claims or creditors, which matters to investors evaluating potential return and safety.
limited partnership interest financial
"1500 common units of limited partnership interest ("Common Units") of COPT Defense Properties, L.P."
fair market value financial
"cash equal to the fair market value of such shares"
The price a willing buyer and a willing seller would agree on for an asset or security when neither is under pressure and both have access to the same information. Think of it as the market’s neutral estimate of what something is worth, like the price two neighbors would settle on for a car after comparing similar listings. Investors care because fair market value guides buying and selling decisions, tax reporting, portfolio valuation, and how accurately company assets are reflected in financial statements.
10-day average closing price financial
"based on the 10-day average closing price of the issuer's common shares"
AI-generated analysis. How Rhea-AI works. Not financial advice.
FAQ
What insider transaction did COPT Defense Properties (CDP) report for Robert L. Denton?
The disclosure shows that director Robert L. Denton redeemed 1500 Common Units of COPT Defense Properties, L.P. The issuer settled this conversion in cash rather than issuing shares.
How many COPT Defense Properties (CDP) Common Units did Robert L. Denton redeem?
Robert L. Denton redeemed 1500 Common Units of limited partnership interest in COPT Defense Properties, L.P. These units were converted with the issuer electing to pay cash based on a 10-day average closing price.
How many COPT Defense Properties (CDP) Common Units does Robert L. Denton hold after the transaction?
Following the reported redemption, Robert L. Denton directly holds 140264 Common Units of COPT Defense Properties, L.P. This figure reflects his position after the 1500-unit cash-settled conversion.
How are COPT Defense Properties (CDP) Common Units convertible for holders?
The Common Units are convertible into an equal number of common shares of beneficial interest or, at the issuer’s election, into cash equal to the fair market value of such shares. The units are convertible upon issuance and have no expiration date.
How was the cash amount determined for Robert L. Denton’s COPT Defense Properties (CDP) unit redemption?
For the 1500 redeemed Common Units, the issuer elected to pay cash based on the 10-day average closing price of COPT Defense Properties’ common shares on the New York Stock Exchange, as described in the disclosure footnote.
Was Robert L. Denton’s COPT Defense Properties (CDP) transaction under a Rule 10b5-1 trading plan?
The filing’s Rule 10b5-1 checkbox was not marked for this transaction, and the footnotes do not indicate a trading plan, so the transaction is not affirmed as executed under a Rule 10b5-1 plan.