Britt A. Snider, Executive Vice President and Chief Operating Officer of COPT Defense Properties, filed a Form 4 on November 5, 2026, disclosing a derivative securities transaction dated November 3, 2026, involving 6,000 Common Units of COPT Defense Properties, L.P.

Key Highlights

  • Reporting Person: Britt A. Snider, EVP and COO of COPT Defense Properties (NYSE:CDP)
  • Transaction Date: November 3, 2026, involving 6,000 Common Units of COPT Defense Properties, L.P. (CDPLP)
  • Transaction Code: G, with a price of $0, reflecting a conversion from previously reported Profits Interest Units received as employment compensation
  • Resulting Holdings: 50,529 Common Units beneficially owned directly following the reported transaction
  • Conversion Terms: Common Units are convertible into an equal number of common shares of beneficial interest or, at the issuer's election, cash equal to fair market value
  • No Expiration Date: The filing states that Common Units do not have an expiration date

Snider's Common Unit Conversion: Details From the Filing

According to the Form 4 filed on November 5, 2026, Britt A. Snider, serving as EVP and COO of COPT Defense Properties (NYSE:CDP), reported a derivative securities transaction on November 3, 2026. The filing records the acquisition of 6,000 Common Units of COPT Defense Properties, L.P., the issuer's operating partnership, under transaction code G at a price of $0.

The filing explains that the 6,000 Common Units were received "upon the conversion, in accordance with terms of the applicable grants, of previously reported Profits Interest Units received as employment compensation." The transaction was not marked as made pursuant to a Rule 10b5-1(c) plan. Following the reported transaction, the filing states that Snider directly holds 50,529 Common Units.

The filing further discloses that Common Units of COPT Defense Properties, L.P. "are convertible upon issuance into an equal number of the common shares of beneficial interest of the Issuer or, at the election of the issuer, cash equal to the fair market value of such shares." The filing was signed by David L. Finch by Power of Attorney on November 5, 2026.

What Was Disclosed

The filing disclosed that COPT Defense Properties EVP and COO Britt A. Snider received 6,000 Common Units of COPT Defense Properties, L.P. on November 3, 2026, through conversion of previously reported Profits Interest Units, bringing direct beneficial ownership to 50,529 Common Units.