Brandywine Realty Trust (BDN) grants 94,146 RSUs to General Counsel

Rhea-AI Filing Summary

Neuman Shawn reported acquisition or exercise transactions in this Form 4 filing.

Brandywine Realty Trust General Counsel and Secretary Shawn Neuman received a grant of 94,146 common shares of beneficial interest on February 27, 2026, as an equity award rather than an open‑market purchase. The award is structured as restricted share units that are scheduled to vest in three equal installments on April 15, 2027, April 15, 2028, and April 15, 2029. Following this grant, Neuman directly holds a total of 288,197 common shares of beneficial interest in the company.

Insider Trade Summary

1 transaction reported

Mixed 1 txn

Insider Neuman Shawn

Role General Counsel & Secretary

Type	Security	Shares	Price	Value
Grant/Award	Common Shares of Beneficial Interest	94,146	$3.16	$298K

Holdings After Transaction: Common Shares of Beneficial Interest — 288,197 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^*

Neuman Shawn

(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)
	General Counsel & Secretary

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		94,146(1)	A	$3.16	288,197	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	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 insider transaction did Brandywine Realty Trust (BDN) report for Shawn Neuman?

Brandywine Realty Trust reported that General Counsel and Secretary Shawn Neuman received a grant of 94,146 common shares of beneficial interest as an equity award. These shares are structured as restricted share units that vest over time rather than an immediate cash transaction.

How many Brandywine Realty Trust (BDN) shares did Shawn Neuman acquire in this Form 4?

Shawn Neuman acquired 94,146 common shares of beneficial interest in Brandywine Realty Trust through a grant classified as a grant, award, or other acquisition. This non-derivative equity award increases his direct holdings in the company according to the reported post-transaction balance.

How many Brandywine Realty Trust (BDN) shares does Shawn Neuman hold after this grant?

After the reported equity grant, Shawn Neuman directly holds 288,197 common shares of beneficial interest in Brandywine Realty Trust. This total reflects his ownership following the award of 94,146 additional shares disclosed in the Form 4 insider transaction report.

What type of equity award did Brandywine Realty Trust (BDN) grant to Shawn Neuman?

The company granted Shawn Neuman restricted share units representing 94,146 common shares of beneficial interest. These units are scheduled to vest in three equal installments, making the award a time-based equity grant instead of an immediate unrestricted share issuance.

When will Shawn Neuman’s Brandywine Realty Trust (BDN) restricted share units vest?

The restricted share units granted to Shawn Neuman are scheduled to vest in three equal installments on April 15, 2027, April 15, 2028, and April 15, 2029. This creates a multi-year vesting schedule tied to continued service or other plan conditions.

Was the Brandywine Realty Trust (BDN) insider transaction a market purchase or a grant?

The insider transaction was reported as a grant, award, or other acquisition rather than an open-market purchase. It reflects an equity compensation grant of 94,146 restricted share units to General Counsel and Secretary Shawn Neuman, subject to a three-year vesting schedule.