Brandywine Realty Trust (BDN) EVP uses 10,009 shares to cover equity award taxes

Rhea-AI Filing Summary

Brandywine Realty Trust executive William D. Redd disposed of 10,009 common shares on a tax-withholding basis. The shares, valued at $2.76 each, were withheld on April 15, 2026 to satisfy payroll taxes tied to vesting or delivery of equity awards. After this non-market disposition, he directly holds 666,358 common shares, indicating the transaction is small relative to his overall position and reflects compensation-related tax obligations rather than an open-market trade.

Insider Trade Summary

1 transaction reported

Mixed 1 txn

Insider REDD WILLIAM D

Role EVP & Senior Managing Director

Type	Security	Shares	Price	Value
Tax Withholding	Common Shares of Beneficial Interest	10,009	$2.76	$28K

Holdings After Transaction: Common Shares of Beneficial Interest — 666,358 shares (Direct)

Footnotes (1)

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Key Figures

Tax-withholding shares disposed: 10,009 shares Per-share value for withholding: $2.76 per share Shares held after transaction: 666,358 shares

3 metrics

Tax-withholding shares disposed 10,009 shares Common Shares of Beneficial Interest withheld on April 15, 2026

Per-share value for withholding $2.76 per share Value applied to tax-withholding disposition

Shares held after transaction 666,358 shares Direct holdings of William D. Redd following disposition

Key Terms

tax-withholding disposition, Common Shares of Beneficial Interest, equity awards, payroll taxes

4 terms

tax-withholding disposition financial

"transaction_action: "tax-withholding disposition""

A tax-withholding disposition is an event or transaction—such as selling or transferring securities, exercising options, or receiving compensation—that triggers a requirement to hold back part of the payment and remit it to tax authorities. It matters to investors because it reduces the cash they receive immediately and can change the timing and amount of taxable income, like a cashier taking a portion of your sale proceeds to pay taxes before you get the rest.

Common Shares of Beneficial Interest financial

"security_title: "Common Shares of Beneficial Interest""

Common Shares of Beneficial Interest are units that represent ownership in a company or organization, like owning a piece of a pie. They give investors voting rights and a chance to share in profits, making them important for those looking to invest and have a say in how the organization is run.

equity awards financial

"vesting or delivery of equity awards"

Equity awards are payments to employees or directors made in the form of company stock or rights to buy stock later, serving as a way to share ownership rather than cash. For investors, they matter because they align staff incentives with company performance, can increase the number of shares outstanding over time (which can reduce each share’s claim on profits), and create compensation costs that affect reported earnings.

payroll taxes financial

"Shares withheld to satisfy payroll taxes"

Form 4 Insider Transactions: What Each Field Means →

SEC Form 4

FORM 4

UNITED STATES SECURITIES AND EXCHANGE COMMISSION
Washington, D.C. 20549

STATEMENT OF CHANGES IN BENEFICIAL OWNERSHIP

Filed pursuant to Section 16(a) of the Securities Exchange Act of 1934
or Section 30(h) of the Investment Company Act of 1940

OMB APPROVAL

OMB Number:			3235-0287
Estimated average burden
hours per response:			0.5

Check this box if no longer subject to Section 16. Form 4 or Form 5 obligations may continue. See Instruction 1(b).

Check this box to indicate that a transaction was made pursuant to a contract, instruction or written plan for the purchase or sale of equity securities of the issuer that is intended to satisfy the affirmative defense conditions of Rule 10b5-1(c). See Instruction 10.

1. Name and Address of Reporting Person^*

REDD WILLIAM D

(Last) (First) (Middle)

2929 ARCH ST.

SUITE 1800

(Street)

PHILADELPHIA PENNSYLVANIA 19104

(City) (State) (Zip)

UNITED STATES

(Country)

2. Issuer Name and Ticker or Trading Symbol
BRANDYWINE REALTY TRUST [ BDN ]

5. Relationship of Reporting Person(s) to Issuer
(Check all applicable)

	Director		10% Owner
X	Officer (give title below)		Other (specify below)
	EVP & Senior Managing Director

2a. Foreign Trading Symbol

3. Date of Earliest Transaction (Month/Day/Year)
04/15/2026

6. Individual or Joint/Group Filing (Check Applicable Line)

X	Form filed by One Reporting Person
	Form filed by More than One Reporting Person

4. If Amendment, Date of Original Filed (Month/Day/Year)

Table I - Non-Derivative Securities Acquired, Disposed of, or Beneficially Owned
1. Title of Security (Instr. 3)	2. Transaction Date (Month/Day/Year)	2A. Deemed Execution Date, if any (Month/Day/Year)	3. Transaction Code (Instr. 8)		4. Securities Acquired (A) or Disposed Of (D) (Instr. 3, 4 and 5)			5. Amount of Securities Beneficially Owned Following Reported Transaction(s) (Instr. 3 and 4)	6. Ownership Form: Direct (D) or Indirect (I) (Instr. 4)	7. Nature of Indirect Beneficial Ownership (Instr. 4)
			Code	V	Amount	(A) or (D)	Price
Common Shares of Beneficial Interest	04/15/2026		F		10,009(1)	D	$2.76	666,358	D

Table II - Derivative Securities Acquired, Disposed of, or Beneficially Owned (e.g., puts, calls, warrants, options, convertible securities)
1. Title of Derivative Security (Instr. 3)	2. Conversion or Exercise Price of Derivative Security	3. Transaction Date (Month/Day/Year)	3A. Deemed Execution Date, if any (Month/Day/Year)	4. Transaction Code (Instr. 8)		5. Number of Derivative Securities Acquired (A) or Disposed of (D) (Instr. 3, 4 and 5)		6. Date Exercisable and Expiration Date (Month/Day/Year)		7. Title and Amount of Securities Underlying Derivative Security (Instr. 3 and 4)		8. Price of Derivative Security (Instr. 5)	9. Number of derivative Securities Beneficially Owned Following Reported Transaction(s) (Instr. 4)	10. Ownership Form: Direct (D) or Indirect (I) (Instr. 4)	11. Nature of Indirect Beneficial Ownership (Instr. 4)
				Code	V	(A)	(D)	Date Exercisable	Expiration Date	Title	Amount or Number of Shares

Explanation of Responses:

1. Shares withheld to satisfy payroll taxes for vesting or delivery of equity awards.

	/s/ Shawn Neuman as Attorney-in-Fact for William D. Redd	04/17/2026
	** Signature of Reporting Person	Date
Reminder: Report on a separate line for each class of securities beneficially owned directly or indirectly.
* If the form is filed by more than one reporting person, see Instruction 4 (b)(v).
** Intentional misstatements or omissions of facts constitute Federal Criminal Violations See 18 U.S.C. 1001 and 15 U.S.C. 78ff(a).
Note: File three copies of this Form, one of which must be manually signed. If space is insufficient, see Instruction 6 for procedure.
Persons who respond to the collection of information contained in this form are not required to respond unless the form displays a currently valid OMB Number.
* Form 4: SEC 1474 (03-26)

FAQ

What insider transaction did BDN executive William D. Redd report?

William D. Redd reported a tax-related share disposition. On April 15, 2026, 10,009 Brandywine Realty Trust common shares were withheld at $2.76 per share to cover payroll taxes on vesting or delivery of equity awards, not an open-market sale.

Was the BDN Form 4 transaction an open-market sale of shares?

No, the BDN Form 4 did not report an open-market sale. The 10,009 shares were withheld as a tax-withholding disposition to satisfy payroll taxes related to equity awards, rather than being sold on the market for investment or trading purposes.

How many Brandywine Realty Trust (BDN) shares does William D. Redd hold after this filing?

After the tax-withholding transaction, William D. Redd holds 666,358 shares. These are common shares of beneficial interest in Brandywine Realty Trust, reflecting his direct ownership position following the 10,009-share disposition for payroll tax obligations.

What was the per-share value used for the BDN tax-withholding disposition?

The tax-withholding disposition used a value of $2.76 per share. This value applied to the 10,009 Brandywine Realty Trust common shares withheld on April 15, 2026 to satisfy payroll tax liabilities related to equity compensation awards.

What does the F transaction code mean in the BDN Form 4 filing?

The F code indicates a tax-withholding disposition. For Brandywine Realty Trust, it shows 10,009 shares were delivered to satisfy payroll taxes on vesting or delivery of equity awards, rather than representing a discretionary buy or sell in the open market.