Brandywine Realty Trust (BDN) director receives $115,000 stock award

Rhea-AI Filing Summary

DesRoches Reginald reported acquisition or exercise transactions in this Form 4 filing.

BRANDYWINE REALTY TRUST director Reginald DesRoches received an equity grant as part of his board compensation. He was awarded 37,582 Common Shares of Beneficial Interest as a $115,000 Annual Trustee award, calculated using a closing share price of $3.06 on May 28, 2026. The shares vested immediately upon grant, and his directly held position increased to 122,028 shares after this transaction. The filing also corrects a prior 20‑share overstatement in his previously reported ownership balance.

Insider Trade Summary

1 transaction reported

Mixed 1 txn

Insider DesRoches Reginald

Role null

Type	Security	Shares	Price	Value
Grant/Award	Common Shares of Beneficial Interest	37,582	$0.00	--

Holdings After Transaction: Common Shares of Beneficial Interest — 122,028 shares (Direct, null)

Footnotes (1)

1. These shares reflect the $115,000 Annual Trustee award, the number of shares of which is calculated based upon a closing price on 05/28/26 of $3.06. Shares vested immediately upon grant. The reporting also corrects a ministerial reporting error in Mr. DesRoches share ownership balance set forth in the Form 4 filed on 05/22/25, which reported a share balance of 99,466 rather than 99,446, a difference of 20 shares.

Key Figures

Equity grant size: 37,582 shares Award value: $115,000 Reference share price: $3.06 +2 more

5 metrics

Equity grant size 37,582 shares Common Shares of Beneficial Interest granted to Reginald DesRoches

Award value $115,000 Annual Trustee award value used to calculate granted shares

Reference share price $3.06 Closing price on May 28, 2026 used to compute award shares

Post-transaction holdings 122,028 shares Total directly held BDN shares after grant

Prior reporting correction 20 shares Overstatement corrected from 99,466 to 99,446 shares

Key Terms

Annual Trustee award, Common Shares of Beneficial Interest, vested immediately upon grant, ministerial reporting error

4 terms

Annual Trustee award financial

"These shares reflect the $115,000 Annual Trustee award, the number of shares of which is calculated..."

Common Shares of Beneficial Interest financial

"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.

vested immediately upon grant financial

"Shares vested immediately upon grant."

ministerial reporting error financial

"The reporting also corrects a ministerial reporting error in Mr. DesRoches share ownership balance..."

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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^*

DesRoches Reginald

(Last) (First) (Middle)

2929 ARCH STREET, SUITE 1800

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)

X	Director		10% Owner
	Officer (give title below)		Other (specify below)

2a. Foreign Trading Symbol

3. Date of Earliest Transaction (Month/Day/Year)
05/28/2026

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	05/28/2026		A		37,582(1)	A	$0	122,028(2)	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. These shares reflect the $115,000 Annual Trustee award, the number of shares of which is calculated based upon a closing price on 05/28/26 of $3.06. Shares vested immediately upon grant.

2. The reporting also corrects a ministerial reporting error in Mr. DesRoches share ownership balance set forth in the Form 4 filed on 05/22/25, which reported a share balance of 99,466 rather than 99,446, a difference of 20 shares.

	/s/ Shawn Neuman as Attorney-in-Fact for Reginald DesRoches	06/01/2026
	** 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 did Reginald DesRoches report in this Form 4 for BDN?

Reginald DesRoches reported receiving 37,582 Common Shares of Beneficial Interest as an equity grant. The shares represent his $115,000 Annual Trustee award and vested immediately upon grant, increasing his directly held stake in Brandywine Realty Trust.

How was the BDN trustee equity award to Reginald DesRoches calculated?

The Annual Trustee award to Reginald DesRoches was valued at $115,000 and translated into 37,582 shares. The number of shares was calculated using Brandywine Realty Trust’s closing share price of $3.06 on May 28, 2026, according to the filing footnote.

How many BDN shares does Reginald DesRoches hold after this transaction?

After the equity grant, Reginald DesRoches directly holds 122,028 Common Shares of Beneficial Interest of Brandywine Realty Trust. This figure reflects his updated ownership position following the immediate vesting of the 37,582-share Annual Trustee award.

Was the BDN share grant to Reginald DesRoches a market purchase or compensation?

The transaction was compensation, not a market purchase. The filing describes it as a $115,000 Annual Trustee award that resulted in a grant of 37,582 shares at a reference price of $3.06, with no cash price paid per share by DesRoches.

Did this BDN Form 4 correct any prior reporting errors for Reginald DesRoches?

Yes. The Form 4 corrects a ministerial error in a previous filing that overstated his share balance by 20 shares. The earlier report showed 99,466 shares instead of the correct 99,446, and this filing notes that correction explicitly.