Form 4: COPT Defense Properties Director Denton Robert L. Reports Transaction

Director Denton Robert L. reports a transaction involving the conversion of 1,500 common units into cash based on the issuer's share price.

Summary

• On September 4, 2024, Robert L. Denton, a director of COPT Defense Properties, reported a transaction.
• The transaction involved the redemption of 1,500 common units of limited partnership interest in COPT Defense Properties, L.P.
• The issuer, COPT Defense Properties, elected to pay cash upon the conversion of these units, based on the 10-day average closing price of its common shares on the New York Stock Exchange.
• The price per common unit was $29.208.
• Following the reported transaction, Denton directly owns 173,264 common shares.

Sentiment

Score: 5

Explanation: The document is a routine SEC filing detailing a transaction by a company director. It doesn't inherently convey positive or negative sentiment.

Industry Context

Form 4 filings are standard disclosures required by the SEC to provide transparency into the transactions of company insiders, allowing investors to monitor the actions of those with privileged information.

Key Dates