Brandywine Realty Trust (NYSE: BDN) EVP granted 145,570 RSUs, with tax withholding

Rhea-AI Filing Summary

Brandywine Realty Trust executive William D. Redd reported equity award transactions in company common shares. On February 27, 2026, he acquired 145,570 common shares through a grant of restricted share units at $3.16 per share, which are scheduled to vest in three equal installments on April 15, 2027, April 15, 2028 and April 15, 2029. On the same date, 3,421 shares were disposed of at $3.16 per share to satisfy payroll taxes related to the restricted share unit grant. Following these transactions, he directly owned 676,367 common shares of beneficial interest.

Insider Trade Summary

2 transactions reported

Mixed 2 txns

Insider REDD WILLIAM D

Role EVP & Senior Managing Director

Type	Security	Shares	Price	Value
Grant/Award	Common Shares of Beneficial Interest	145,570	$3.16	$460K
Tax Withholding	Common Shares of Beneficial Interest	3,421	$3.16	$11K

Holdings After Transaction: Common Shares of Beneficial Interest — 679,788 shares (Direct)

Footnotes (1)

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. Shares withheld to satisfy payroll taxes for grant of restricted share units.

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 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)
	EVP & Senior Managing Director

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		145,570(1)	A	$3.16	679,788	D
Common Shares of Beneficial Interest	02/27/2026		F		3,421(2)	D	$3.16	676,367	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.

2. Shares withheld to satisfy payroll taxes for grant of restricted share units.

	/s/ Shawn Neuman as Attorney-in-Fact for William D. Redd	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 transactions did BDN executive William D. Redd report?

William D. Redd reported a grant of 145,570 common shares of beneficial interest via restricted share units at $3.16 per share and a related disposition of 3,421 shares for payroll tax withholding, both dated February 27, 2026.

How many Brandywine Realty Trust shares does William D. Redd own after this Form 4?

After the reported transactions, William D. Redd directly owned 676,367 common shares of beneficial interest in Brandywine Realty Trust, reflecting the net impact of the restricted share unit grant and the tax-withholding share disposition reported on February 27, 2026.

What are the vesting terms of William D. Redd’s restricted share unit grant at BDN?

The restricted share units granted to William D. Redd are scheduled to vest in three equal installments on April 15, 2027, April 15, 2028, and April 15, 2029, providing a multi-year vesting schedule tied to his continued service with Brandywine Realty Trust.

Why did William D. Redd dispose of 3,421 Brandywine Realty Trust shares?

The 3,421 shares disposed of on February 27, 2026 were withheld to satisfy payroll tax obligations related to the restricted share unit grant, as indicated by the transaction code F and the accompanying footnote describing shares withheld for payroll taxes.

What role does William D. Redd hold at Brandywine Realty Trust?

William D. Redd serves as Executive Vice President and Senior Managing Director at Brandywine Realty Trust, and the Form 4 reflects his personal equity award activity in the company’s common shares of beneficial interest as an officer of the trust.

What transaction codes appear in William D. Redd’s latest BDN Form 4?

The Form 4 lists transaction code A for the grant or award acquisition of 145,570 restricted share units and transaction code F for a tax-withholding disposition of 3,421 shares used to satisfy payroll tax liabilities tied to that grant.