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

Director Robert L. Denton reports a transaction involving the redemption of common units for cash.

Summary

• Robert L. Denton, a director of COPT Defense Properties, reported a transaction on March 18, 2024.
• The transaction involved the redemption of 2,500 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 $24.37.
• Following the transaction, Denton beneficially owns 179,264 common shares directly.

Sentiment

Score: 5

Explanation: The document is a standard SEC filing reporting a transaction by a company director. It is neutral in sentiment.

Industry Context

This transaction is a routine disclosure of insider activity, which is common in publicly traded companies. It provides transparency into the actions of company directors.

Stakeholder Impact

• The transaction itself is unlikely to have a significant impact on stakeholders.
• The disclosure provides transparency to shareholders regarding insider transactions.

Key Dates