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

Director Robert L. Denton reports a transaction involving the redemption of 6,000 common units of COPT Defense Properties, L.P. for cash.

Summary

• Robert L. Denton, a director of COPT Defense Properties, reported a transaction on February 10, 2025.
• The transaction involved the redemption of 6,000 common units of limited partnership interest in COPT Defense Properties, L.P.
• The issuer, COPT Defense Properties, elected to pay cash for 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 $29.423.
• Following the transaction, Denton directly owns 163,264 common shares.
• The common units are convertible into an equal number of the issuer's common shares or cash.

Sentiment

Score: 5

Explanation: The document is a standard regulatory filing, so the sentiment is neutral.

Industry Context

Form 4 filings are standard practice for reporting transactions by company insiders, providing transparency to investors.

Stakeholder Impact

• The transaction provides transparency to shareholders regarding insider activity.

Key Dates

Keywords

COPT Defense Properties, Robert L. Denton, Form 4, Common Units, Redemption, Director, Transaction