COPT DEFENSE PROPERTIES
For the period ended May 20, 2025. Filed Mar 31, 2025.
View on SEC.govAbout this filing
What shareholders are asked to vote on at a company's meeting. It is where to find what directors and top executives are paid, and who owns the most shares.
May 20, 2025 · Filed Mar 31, 2025
Contents
Compensation Program Updates
2025 COMPENSATION PROGRAM UPDATES
Based on our commitment to align pay and performance, the following actions will occur, or have already occurred, for 2025:
AIAs: The 2025 AIA plan will use our performance scorecard measurement process with emphasis on key business growth drivers and a continued focus on the achievement of financial and operational goals.
LTIP Awards: We will continue to provide the majority of our NEOs’ LTIP awards in the form of performance- based equity and the balance will be in the form of time-based equity awards. We granted Mr. Budorick, Mr. Snider, and Mr. Mifsud LTIP awards in the following proportions: 60% in the form of PB-PIUs or PSUs awarded on January 1, 2025; and 40% in the form of TB-PIUs awarded on March 1, 2025.
Performance-Based Equity Peer Group: The Compensation Committee chose to use the Nareit Office Sector Index for the 2025 program relative TSR measurement, consistent with 2024.
The text of this filing, as the company filed it with the SEC, without its images or exhibits. This is not investment advice.