secwatch.observer — SEC 8-K summary
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Issuer:     COPT DEFENSE PROPERTIES (CDP)
CIK:        0000860546
Form:       8-K
Filed at:   2023-11-14T23:59:59+00:00
Accession:  0000860546-23-000053
Event type: leadership
Sentiment:  neutral
Materiality: 0.45
Item codes: 5.02, 9.01
LLM model:  deepseek-v4-flash:cloud@v2

COPT Defense appoints Britt Snider as EVP and COO effective December 1, 2023
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- Britt Snider, former Principal of Redbrick LMD, appointed EVP and COO effective Dec 1, 2023.
- Snider has nearly 20 years in commercial real estate; previously at JBG Smith and WS Development.
- Compensation: $425k base salary, target cash incentive at 115% of base, LTIP at 195% of base.
- Snider receives $600k time-based equity (shares or profit interest) vesting over 5 years and $300k signing bonus.
- Severance under Executive Change in Control Plan: 1.0x multiple non-CIC, 2.99x upon CIC termination.

Source:
  EDGAR index:    https://www.sec.gov/Archives/edgar/data/860546/000086054623000053/0000860546-23-000053-index.htm
  Primary doc:    https://www.sec.gov/Archives/edgar/data/860546/000086054623000053/ofc-20231110.htm
  HTML page:      https://secwatch.observer/filing/0000860546-23-000053

License: Source filings: public domain (SEC EDGAR). Summaries (headline + bullets): CC-BY-4.0; attribute https://secwatch.observer