Quarterly report [Sections 13 or 15(d)]

Share-Based Compensation (Tables)

v3.25.2
Share-Based Compensation (Tables)
6 Months Ended
Jun. 30, 2025
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 plan for the six months ended June 30, 2025:
Number of Shares Weighted Average Grant Date Fair Value
Unvested as of December 31, 2024
353,014  $ 25.65 
Granted 238,084  $ 27.07 
Forfeited (11,824) $ 26.49 
Vested (133,247) $ 25.43 
Unvested as of June 30, 2025
446,027  $ 26.46 
The following table summarizes TB-PIUs activity under our share-based compensation plans for the six months ended June 30, 2025:
Number of TB-PIUs Weighted Average Grant Date Fair Value
Unvested as of December 31, 2024
223,939  $ 25.14 
Granted 123,250  $ 27.11 
Vested (106,592) $ 25.32 
Unvested as of June 30, 2025
240,597  $ 26.07 
Schedule of Payouts for Performance-Based Awards
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 Award Payout %
75th or greater  
200% of target award
50th (target)  
100% of target award
25th  
50% of target award
Below 25th  
0% of target award