Director C Taylor Pickett sold 31.8K shares (67.7% stake reduction) at $32.25; stock now $31.86, near 52-week highs.
C Taylor Pickett, a Director of COPT Defense Properties, sold 31,798 shares at $32.25 on 2026-05-29, reducing his holdings from 46,986 to 15,188 shares—a 67.7% reduction in position size. The sale occurred near the 52-week high of $33.33 (current price $31.86 is -4.4% from peak), and the company shows solid fundamentals with net income of $40,139,000 against revenue of $200,637,000 on modest annual growth of +1.4% and a P/E of 22.12. Across his open-market history, Pickett's prior buy showed an average 90-day return of -0.5% with a 0% win rate, providing limited directional insight into his timing patterns. The substantial reduction in his ownership stake warrants investor attention regarding the Director's retained conviction in the company, though the execution near year-to-date highs and the company's stable operational performance provide context for interpreting the reduction.