COPT Defense director redeems 1,000 units for cash
DENTON ROBERT L reported disposition transactions in this Form 4 filing.
Accepted by SEC EDGAR
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Form Type
4
Rhea-AI Filing Summary
DENTON ROBERT L reported disposition transactions in this Form 4 filing.
COPT Defense Properties director Robert L. Denton redeemed 1,000 Common Units of COPT Defense Properties, L.P., which were convertible into common shares or cash. For this conversion, the issuer elected to pay cash based on a 10-day average share price. The transaction lists a $37.914 conversion price, and Denton now directly holds 139,264 Common Units, which are convertible upon issuance and have no expiration date.
Insider Trade Summary
1,000 shares exercised/converted
Exercise
1 txn
Insider
DENTON ROBERT L
Role
Director
| Type | Security | Shares | Price | Value |
|---|---|---|---|---|
| Conversion | Common Units-CDPLP F1, F2 | 1,000 | $0.00 | $0.00 |
Holdings After Transaction:
Common Units-CDPLP — 139,264 contracts (Direct)
Holdings Before and After:
Common Units-CDPLP, 140,264 to 139,264 contracts (Direct)
Footnotes (2)
- F1. The reporting person redeemed 1000 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 1000 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: 1,000 Common Units
Conversion Price: $37.914 per unit
Units Held After Transaction: 139,264 Common Units
3 metrics
Common Units Redeemed
1,000 Common Units
Common Units of COPT Defense Properties, L.P. redeemed by director Robert L. Denton
Conversion Price
$37.914 per unit
Listed conversion or exercise price for the 1,000 Common Units
Units Held After Transaction
139,264 Common Units
Direct Common Unit holdings of Robert L. Denton following the redemption
Key Terms
Common Units, limited partnership interest, fair market value, 10-day average closing price, +1 more
5 terms
Common Units financial
"The reporting person redeemed 1000 common units of limited partnership interest"
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
"redeemed 1000 common units of limited partnership interest 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"
beneficial interest financial
"the issuer's common shares of beneficial interest or, at the election of the issuer, cash"
Beneficial interest is the right to receive the economic benefits of an asset—such as dividends, interest, or sale proceeds—without necessarily holding legal title to it. For investors this matters because it determines who actually gains from an investment or trust, much like renting an apartment where the tenant enjoys living there and paying bills while the landlord holds the deed; understanding who has the beneficial interest affects income rights, voting influence, and risk exposure.
FAQ
AI-generated questions and answers. How Rhea-AI works. Not financial advice.
What insider transaction did CDP director Robert L. Denton report?
Robert L. Denton, a director of COPT Defense Properties, redeemed 1,000 Common Units of limited partnership interest in COPT Defense Properties, L.P. The issuer settled this conversion in cash, using a 10-day average closing price for the company’s common shares.
At what price were CDP’s Common Units converted in Robert Denton’s transaction?
The reported conversion lists a per-unit price of $37.914 for the 1,000 Common Units redeemed. For these 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.
How many COPT Defense Properties (CDP) units does Robert Denton hold after this transaction?
After redeeming 1,000 Common Units, Robert L. Denton directly holds 139,264 Common Units of COPT Defense Properties, L.P. These units are convertible upon issuance into an equal number of common shares or, at the issuer’s election, cash equal to the fair market value.
Were Robert Denton’s CDP transactions under a Rule 10b5-1 trading plan?
The report indicates the transaction was not affirmed under a Rule 10b5-1 trading plan. This means the director did not mark the transaction as executed pursuant to a pre-arranged trading plan under Rule 10b5-1 in the reported information.
What are CDP’s Common Units and how can they be settled?
CDP’s Common Units are limited partnership interests in COPT Defense Properties, L.P., convertible upon issuance into an equal number of common shares. At the issuer’s election, conversions may instead be settled in cash equal to the fair market value; the units have no expiration date.
AI-generated analysis. How Rhea-AI works. Not financial advice.
