Neuman Shawn 4
4 · BRANDYWINE REALTY TRUST · Filed Jan 26, 2026
Research Summary
AI-generated summary of this filing
Brandywine (BDN) GC Shawn Neuman Receives 58,297-Share Award
What Happened
Shawn Neuman, General Counsel & Secretary of Brandywine Realty Trust (BDN), was awarded a total of 58,297 restricted stock units (RSUs) on 2026-01-22 (two grants: 30,089 and 28,208 shares). To satisfy payroll taxes when the RSUs were delivered, 22,602 shares were withheld/disposed on 2026-01-23 (14,795 shares and 7,807 shares) at $3.03 per share, generating cash of $44,829 and $23,655 respectively (total $68,484). The awards were granted at $0.00 acquisition price (award).
Key Details
- Transaction types: A = award/grant (58,297 RSUs on 2026-01-22); F = shares withheld to cover taxes (22,602 shares on 2026-01-23).
- Withholding price: $3.03 per share; withholding proceeds $44,829 and $23,655 (total $68,484).
- Net shares retained from these awards: 58,297 awarded − 22,602 withheld = 35,695 shares.
- Footnotes: awards reflect earned performance/share unit awards (2023–2025 RPSUs) and outperformance elements; withheld shares were used to satisfy payroll taxes (see F1–F4).
- Filing: Report filed 2026-01-26 for transactions dated 2026-01-22/23 — submitted after the typical 2-business-day Form 4 window.
Context
These transactions are issuance of performance-based RSUs and routine tax-withholding (not open-market sales or purchases). Tax-withholding dispositions are administrative and do not necessarily indicate insider sentiment about the stock.
Insider Transaction Report
- Award
Common Shares of Beneficial Interest
[F1]2026-01-22+30,089→ 188,445 total - Tax Payment
Common Shares of Beneficial Interest
[F2]2026-01-23$3.03/sh−14,795$44,829→ 173,650 total - Award
Common Shares of Beneficial Interest
[F3]2026-01-22+28,208→ 201,858 total - Tax Payment
Common Shares of Beneficial Interest
[F4]2026-01-23$3.03/sh−7,807$23,655→ 194,051 total
Footnotes (4)
- [F1]Reflect the number of common shares earned under the reporting person's 2023-2025 Restricted Performance Share Unit Award.
- [F2]Reflects common shares withheld to satisfy payroll taxes due upon delivery of common shares under the reporting person's 2023-2025 Restricted Performance Share Unit Award.
- [F3]Reflects the number of common shares earned under the reporting person's outperformance element under the 2023-2025 Restricted Share Unit Award.
- [F4]Reflects common shares withheld from restricted stock units settled under the outperformance element of the reporting person's 2022-2024 and 2023-2025 Restricted Share Rights awards to satisfy payroll taxes.