PALAZZO DANIEL A 4

What Happened

• Daniel A. Palazzo, Senior Vice President and Chief Accounting Officer of Brandywine Realty Trust (BDN), had 2,305 common shares withheld to satisfy payroll taxes tied to a scheduled distribution from the company's deferred compensation plan. The shares were valued at $2.83 each, for a total of approximately $6,523. This is a tax-withholding disposition (code F), not an open-market sale.

Key Details

• Transaction date: 2026-02-04; Form 4 filed: 2026-02-05 (timely)
• Price per share: $2.83; shares withheld/disposed: 2,305; total value: ~$6,523
• Shares owned after transaction: not reported in the provided filing excerpt
• Footnote: F1 — shares were withheld to satisfy payroll taxes for a scheduled distribution from the Company's deferred compensation plan
• Transaction code meaning: F = payment of exercise price or tax liability via share withholding (a routine administrative disposition)

Context

• This was a tax-withholding event related to deferred compensation, not an active sale on the open market; such withholding is routine and typically does not signal insider sentiment about the stock.