DEVUONO H JEFFREY 4

What Happened
Jeffrey Devuono, EVP & Senior Managing Director of Brandywine Realty Trust (BDN), was awarded restricted share units and had a portion of the delivered shares withheld to satisfy payroll tax liabilities. On 2026-01-22 he was granted two awards totaling 131,587 shares (58,483 and 73,104) at $0.00 (awards/vesting). On 2026-01-23 a total of 40,536 shares were withheld (23,302 and 17,234) at $3.03 per share to cover payroll taxes, resulting in cash withheld values reported as $70,605 and $52,219 (combined ≈ $122,824). These are awards and tax-withholding actions, not open-market purchases or sell-for-profit transactions.

Key Details

• Transaction types: A = Award/Grant; F = Shares withheld for tax/payment of exercise price or tax liability.
• Grants (awarded/settled): 58,483 and 73,104 shares on 2026-01-22; grant price $0.00.
• Withholding (dispositions for tax): 23,302 and 17,234 shares on 2026-01-23 at $3.03 per share; reported amounts $70,605 and $52,219 (total ≈ $122,824).
• Footnotes: Awards reflect shares earned under the reporting person’s 2023–2025 Restricted Performance/Share Unit awards and outperformance element (F1, F3). Withholding reflects shares withheld to satisfy payroll taxes upon delivery/settlement (F2, F4).
• Shares owned after the transactions: not specified in the provided filing excerpt.
• Filing timeliness: no late filing flag indicated in the provided information.

Context: These transactions reflect compensation delivery and routine tax withholding (common when RSUs/restricted performance shares vest). They are not indicative of an open-market sale or purchase by the insider; the withheld shares were surrendered to cover tax obligations rather than sold as a discretionary disposition.