Brandywine Realty Trust (NYSE: BDN) officer awarded 56,962 restricted shares

Rhea-AI Filing Summary

PALAZZO DANIEL A reported acquisition or exercise transactions in this Form 4 filing.

Brandywine Realty Trust executive Daniel A. Palazzo, SVP & Chief Accounting Officer, received an equity award of 56,962 common shares of beneficial interest, valued at $3.16 per share. These are restricted share units scheduled to vest in three equal installments on April 15, 2027, April 15, 2028, and April 15, 2029.

After this grant, Palazzo directly holds a total of 249,156 common shares. This transaction reflects a grant or award of shares rather than an open-market purchase or sale.

Insider Trade Summary

1 transaction reported

Mixed 1 txn

Insider PALAZZO DANIEL A

Role SVP & Chief Accounting Officer

Type	Security	Shares	Price	Value
Grant/Award	Common Shares of Beneficial Interest	56,962	$3.16	$180K

Holdings After Transaction: Common Shares of Beneficial Interest — 249,156 shares (Direct)

Footnotes (1)

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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^*

PALAZZO DANIEL A

(Last) (First) (Middle)

2929 ARCH STREET, SUITE 1800

SUITE 1800

(Street)

PHILADELPHIA PA 19104

(City) (State) (Zip)

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)
	SVP & Chief Accounting Officer

3. Date of Earliest Transaction (Month/Day/Year)
02/27/2026

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

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

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

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	02/27/2026		A		56,962(1)	A	$3.16	249,156	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. Reflects the grant of restricted share units, which are schedule to vest in three equal installments on each of April 15, 2027, April 15, 2028 and April 15, 2029.

	/s/ Shawn Neuman as Attorney-in-Fact for Daniel A. Palazzo	03/03/2026
	** 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.

FAQ

What did BDN executive Daniel A. Palazzo report in this Form 4 filing?

Daniel A. Palazzo reported receiving a grant of 56,962 Brandywine Realty Trust common shares as restricted share units. The award is compensation-based, not an open-market trade, and increases his directly held stake to 249,156 common shares after the transaction.

Was the BDN insider transaction a buy or sell of shares?

The transaction was an acquisition through a grant or award, not a market buy or sell. Palazzo received 56,962 restricted share units at a reference value of $3.16 per share as part of his compensation from Brandywine Realty Trust.

How and when do the granted BDN restricted share units vest?

The 56,962 restricted share units vest in three equal installments over time. They are scheduled to vest on April 15, 2027, April 15, 2028, and April 15, 2029, aligning the executive’s compensation with longer-term participation in Brandywine Realty Trust equity.

How many Brandywine Realty Trust shares does Daniel A. Palazzo hold after this grant?

After the reported grant, Daniel A. Palazzo directly holds 249,156 common shares of Brandywine Realty Trust. This total includes the newly awarded 56,962 restricted share units, reflecting his updated direct beneficial ownership position following the Form 4 transaction.

What is the reported price per share for the BDN restricted share grant?

The restricted share unit grant is reported at $3.16 per share for 56,962 common shares. This figure reflects the transaction price per share used in the Form 4 filing and helps quantify the equity value of the compensation award to the Brandywine Realty Trust executive.

What role does the reporting person hold at Brandywine Realty Trust (BDN)?

The reporting person, Daniel A. Palazzo, serves as Senior Vice President and Chief Accounting Officer at Brandywine Realty Trust. His position explains why he receives equity awards like restricted share units as part of his executive compensation structure at the company.