{"schema_version":"secwatch.filing_event.v1","accession":"0000860546-26-000003","form_type":"8-K","ticker":"CDP","cik":"0000860546","company_name":"COPT DEFENSE PROPERTIES","filed_at":"2026-02-04T23:59:59+00:00","discovered_at":"2026-05-14T18:02:37.838500+00:00","generated_at":"2026-05-16T05:10:27.169498+00:00","sec_items":["5.02","9.01"],"event_type":"other_material","sentiment":"neutral","materiality_score":0.3,"calibrated_materiality_score":0.3,"confidence":"high","headline":"COPT Defense Properties adopts new executive severance plan with enhanced change-in-control multiples","bullets":["CEO Budorick gets severance multiple of 2.00x (2.99x on change in control) and 2-year benefits continuation.","COO Snider and CFO Mifsud get 1.00x multiple (2.99x on change in control) and 1-year benefits continuation.","Five-year participation periods under the Second Amended Plan; prior letter agreements superseded.","Severance conditioned on release of claims and 12-month post-termination non-compete/non-solicit covenants.","Payments subject to reduction to avoid golden parachute excise taxes if that yields higher after-tax amount to executive."],"urls":{"canonical":"https://secwatch.observer/filing/0000860546-26-000003","json":"https://secwatch.observer/filing/0000860546-26-000003.json","markdown":"https://secwatch.observer/filing/0000860546-26-000003.md","text":"https://secwatch.observer/filing/0000860546-26-000003.txt","edgar_index":"https://www.sec.gov/Archives/edgar/data/860546/000086054626000003/0000860546-26-000003-index.htm","edgar_primary_document":"https://www.sec.gov/Archives/edgar/data/860546/000086054626000003/cdp-20260130.htm"},"model":{"generated_by":"deepseek-v4-flash:cloud@v2","generated_at":"2026-05-16T05:10:27.169498+00:00"},"review":{"review_status":"machine_generated","human_reviewed":false,"corrected":false,"correction_note":null,"correction_timestamp":null,"superseded_by":null,"related_filings":[]},"source_grounded_claims":[],"license":"Source filings: public domain (SEC EDGAR). Summaries (headline + bullets): CC-BY-4.0; attribute https://secwatch.observer"}