COPT DEFENSE PROPERTIES
For the period ended May 14, 2026. Filed Mar 30, 2026.
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May 14, 2026 · Filed Mar 30, 2026
Contents
Compensation Program Updates
2026 COMPENSATION PROGRAM UPDATES
Based on our commitment to align pay and performance, the following actions will occur, or have already occurred, for 2026:
AIAs: The 2026 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 awarded on January 1, 2026; and 40% in the form of TB-PIUs or RSs awarded on March 1, 2026.
Performance-Based Equity Peer Group: The Compensation Committee chose to use the Nareit Office Sector Index for the 2026 program relative TSR measurement, consistent with 2025.
| 2026 Proxy Statement | 35 |
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