WIRTH TOM 4

What Happened

Tom Wirth, Executive Vice President & Chief Financial Officer of Brandywine Realty Trust (BDN), was granted a total of 177,484 restricted share units (RSUs) on January 22, 2026 (two separate awards of 73,760 and 103,724 shares, reported at $0.00 per share). To satisfy payroll tax obligations on the delivered shares, 70,419 shares were withheld (reported as dispositions on January 23, 2026) at a per-share value of $3.03, generating $111,755 and $101,614 respectively (total ~$213,369). Net shares retained from these awards equal 107,065 shares.

Key Details

• Transaction types: Awards/Grants (code A) on 2026-01-22; tax-withholding share dispositions (code F) on 2026-01-23.
• Awarded: 73,760 and 103,724 RSUs (total 177,484) reported at $0.00 (typical for RSU settlement).
• Withheld for taxes: 36,883 and 33,536 shares (total 70,419) at $3.03/share, totaling $213,369.
• Net new shares to Wirth after withholding: 107,065 shares.
• Footnotes indicate these awards relate to Wirth’s 2023–2025 Restricted Performance Share/Unit awards (including an outperformance element) and that withheld shares satisfied payroll tax liabilities (F1–F4).
• Filing timeliness: The Form 4 was filed 2026-01-26 for transactions on 2026-01-22 and 2026-01-23; no late filing flag is indicated in the provided data.

Context

• These transactions reflect vested/earned RSUs being delivered and shares withheld to cover taxes — not open-market sales. Tax-withheld dispositions (code F) are routine and do not necessarily signal a change in insider sentiment.
• The awards are performance-based (2023–2025 plan) per the footnotes; performance-based grants vest only if specified goals are met.