Neuman Shawn 4

What Happened Shawn Neuman, General Counsel & Secretary of Brandywine Realty Trust (BDN), was granted 94,146 restricted share units (RSUs) on Feb 27, 2026. The grant is reported at a per-unit value of $3.16, for a total reported value of $297,501. This is an award/compensation grant (transaction code A), not a purchase or sale.

Key Details

• Transaction date: February 27, 2026; Grant value: 94,146 RSUs at $3.16 each, total $297,501.
• Vesting: These RSUs vest in three equal installments on April 15, 2027; April 15, 2028; and April 15, 2029 (footnote F1).
• Shares owned after the transaction: Not specified in the provided filing.
• Filing: Form 4 was filed March 3, 2026. Because the transaction occurred Feb 27, the Form 4 appears to have been filed one business day after the two-business-day deadline (i.e., filed late).
• Other notes: No 10b5-1 plan, tax-withholding, or cashless-sale detail is indicated in the excerpt provided.

Context RSU grants are a common form of executive compensation and vest over time; they do not represent an immediate market purchase or sale. The award will convert to actual shares (and typically be subject to taxes/withholding) only as each vesting tranche becomes payable. Such grants are routine compensation disclosures and should be viewed differently from open-market purchases or insider sales.