Quarterly report pursuant to Section 13 or 15(d)

Share-Based Compensation (Tables)

v3.24.3
Share-Based Compensation (Tables)
 9 Months Ended
Sep. 30, 2024
Share-Based Payment Arrangement [Abstract]  
Schedule of Restricted Share and TB-PIU Activity
The following table summarizes restricted shares activity under our share-based compensation plans for the nine months ended September 30, 2024:
Number of Shares Weighted Average Grant Date Fair Value
Unvested as of December 31, 2023
 353,455  $ 25.82 
Granted 167,502  $ 24.84 
Forfeited (20,980) $ 25.77 
Vested (152,642) $ 25.82 
Unvested as of September 30, 2024
 347,335  $ 25.35 
The following table summarizes TB-PIUs activity under our share-based compensation plans for the nine months ended September 30, 2024:
Number of TB-PIUs Weighted Average Grant Date Fair Value
Unvested as of December 31, 2023
 194,415  $ 25.76 
Granted 127,795  $ 24.57 
Vested (93,577) $ 25.63 
Unvested as of September 30, 2024
 228,633  $ 25.15 
Schedule of Payouts for Defined Performance under PB-PIUs
The number of earned awards following the end of the performance period will be determined based on the percentile rank of COPT Defense’s total shareholder return (“TSR”) relative to a peer group of companies, as set forth in the following schedule:
Percentile Rank   Earned PB-PIUs Payout %
75th or greater  
100% of PB-PIUs granted
50th (target)  
50% of PB-PIUs granted
25th  
25% of PB-PIUs granted
Below 25th  
0% of PB-PIUs granted