Changes in Beneficial Ownership · 4
COPT Defense Properties
CDPNYSEEQUITYCurrent
Changes in Beneficial Ownership
Structured filing — 4
wk-form4_1779138598.xml
Filing details
- Report period
- 2026-05-14
- Issuer
- COPT DEFENSE PROPERTIES
- Issuer CIK
- 0000860546
- Trading symbol
- CDP
Reporting owner 1
- Name
- HAWKINS PHILIP L
- Reporting owner CIK
- 0001234375
- Relationship
- Director
- Address
- 6711 COLUMBIA GATEWAY DRIVE, SUITE 300, COLUMBIA, MD, 21046
Derivative transactions
| Security | Conversion / exercise price (USD) | Transaction date | Code | Amount | A / D | Price (USD) | Exercisable | Expires | Underlying security | Underlying shares | Owned after | Ownership |
|---|---|---|---|---|---|---|---|---|---|---|---|---|
| Profit Interest Units | [F1] | 2026-05-14 | A · Form 4 | 7,448[F2] | A | [F5] | [F1][F3] | [F4] | Common Shares | 7,448 | 38,988 | D |
Table key
- A · Form 4
- Acquisition by grant, award or otherwise under Rule 16b-3(d)
- A
- Acquired
- D
- Direct
Footnotes
- 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 COPT Defense Properties, exchangeable for common shares of COPT Defense Properties, currently on a one-for-one basis.↩ 1↩ 2
- F2
- Consists of 3,803 shares received as the equity portion of compensation for his Board service and 3,645 shares received upon the election by the reporting person to receive common shares in lieu of cash for all or part of his annual retainer for Board service, consistent with a policy adopted by the Board with respect to the cash portion of compensation for Board service. By making such election, the reporting person received shares equal to the amount of cash compensation designated by the reporting person divided by the 15-day trailing average price of the common shares as of the grant date.↩ 1
- F3
- 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.↩ 1
- F4
- The Profit Interest Units do not expire once vested.↩ 1
- F5
- Received as compensation for Board service.↩ 1
Signature 1
- Signed
- /s/ David L. Finch by Power of Attorney
- Date
- 2025-05-18
Company context
COPT Defense, an S&P MidCap 400 Company, is a self-managed REIT focused on owning, operating, and developing properties in locations proximate to, or sometimes containing, key U.S. Government (“USG”) defense installations and missions (referred to as its Defense/IT Portfolio). The Company’s tenants include the USG and their defense contractors, who are primarily engaged in priority national security activities, and who generally require mission-critical and high security property enhancements. As of September 30, 2026, the Company’s Defense/IT Portfolio of 202 properties, including 24 owned through unconsolidated joint ventures, encompassed 23.3 million square feet and was 96.2% leased.