BDN (BDN) CFO Tom Wirth has 35,681 shares withheld for equity-award taxes

Q: What did BDN Executive Vice President & CFO Tom Wirth report in this Form 4?

Tom Wirth reported a tax-withholding disposition related to equity awards. The company withheld 35,681 common shares to cover payroll taxes upon vesting or delivery, rather than Wirth selling shares in the open market.

Q: How many Brandywine Realty Trust (BDN) shares were withheld for taxes?

The filing shows 35,681 Common Shares of Beneficial Interest were withheld. These shares were used to satisfy payroll tax obligations tied to the vesting or delivery of Wirth’s equity awards, according to the footnote description.

Q: At what price were BDN shares valued for the tax-withholding in Tom Wirth’s Form 4?

The shares used for tax withholding were valued at $2.76 per share . This price is listed as the transaction price per share for the 35,681 common shares withheld to satisfy payroll taxes on vesting or delivery of equity awards.

Q: Was this BDN Form 4 transaction an open-market sale by Tom Wirth?

No, the Form 4 describes a tax-withholding disposition , not an open-market sale. Shares were withheld by the company to pay payroll taxes due on the vesting or delivery of equity awards, as noted in the filing’s footnote.

Filing Impact

(Neutral)

Filing Sentiment

(Neutral)

Form Type

Rhea-AI Filing Summary

BRANDYWINE REALTY TRUST Executive Vice President & CFO Tom Wirth reported a Form 4 showing a tax-related share disposition. On vesting or delivery of equity awards, 35,681 Common Shares of Beneficial Interest were withheld at $2.76 per share to cover payroll taxes. After this routine tax-withholding event, Wirth directly holds 936,854 common shares.

Insider Trade Summary

1 transaction reported

Mixed 1 txn

Insider WIRTH TOM

Role Executive Vice President & CFO

Type	Security	Shares	Price	Value
Tax Withholding	Common Shares of Beneficial Interest	35,681	$2.76	$98K

Holdings After Transaction: Common Shares of Beneficial Interest — 936,854 shares (Direct)

Footnotes (1)

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Key Figures

Shares withheld for taxes: 35,681 shares Tax-withholding price: $2.76 per share Shares held after transaction: 936,854 shares

3 metrics

Shares withheld for taxes 35,681 shares Tax-withholding disposition for equity awards

Tax-withholding price $2.76 per share Value used for withheld shares

Shares held after transaction 936,854 shares Direct holdings after tax withholding

Key Terms

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

3 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.

Form 4 Insider Transactions: What Each Field Means →

04/17/2026 - 09:25 AM

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^*

WIRTH TOM

(Last)

(First)

(Middle)

2929 ARCH STREET

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)
	Executive Vice President & CFO

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)
1. Title of Security (Instr. 3)	2. Transaction Date (Month/Day/Year)	2A. Deemed Execution Date, if any (Month/Day/Year)	Code	V	Amount	(A) or (D)	Price		6. Ownership Form: Direct (D) or Indirect (I) (Instr. 4)	7. Nature of Indirect Beneficial Ownership (Instr. 4)
Common Shares of Beneficial Interest	04/15/2026		F		35,681⁽¹⁾	D	$2.76	936,854	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)
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)	Code	V	(A)	(D)	Date Exercisable	Expiration Date	Title	Amount or Number of Shares	8. Price of Derivative Security (Instr. 5)		10. Ownership Form: Direct (D) or Indirect (I) (Instr. 4)	11. Nature of Indirect Beneficial Ownership (Instr. 4)

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 Thomas E. Wirth	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)

Source: View Original Filing on SEC EDGAR

FAQ

What did BDN Executive Vice President & CFO Tom Wirth report in this Form 4?

Tom Wirth reported a tax-withholding disposition related to equity awards. The company withheld 35,681 common shares to cover payroll taxes upon vesting or delivery, rather than Wirth selling shares in the open market.

How many Brandywine Realty Trust (BDN) shares were withheld for taxes?

The filing shows 35,681 Common Shares of Beneficial Interest were withheld. These shares were used to satisfy payroll tax obligations tied to the vesting or delivery of Wirth’s equity awards, according to the footnote description.

At what price were BDN shares valued for the tax-withholding in Tom Wirth’s Form 4?

The shares used for tax withholding were valued at $2.76 per share. This price is listed as the transaction price per share for the 35,681 common shares withheld to satisfy payroll taxes on vesting or delivery of equity awards.

How many BDN shares does Tom Wirth hold after this tax-withholding transaction?

After the tax-withholding disposition, Tom Wirth directly holds 936,854 Common Shares of Beneficial Interest. This post-transaction balance reflects his remaining direct ownership following the withholding of shares for equity-award-related payroll taxes.

Was this BDN Form 4 transaction an open-market sale by Tom Wirth?

No, the Form 4 describes a tax-withholding disposition, not an open-market sale. Shares were withheld by the company to pay payroll taxes due on the vesting or delivery of equity awards, as noted in the filing’s footnote.