REDD WILLIAM D 4

What Happened

• William D. Redd, EVP & Senior Managing Director of Brandywine Realty Trust (BDN), received a grant of 145,570 restricted share units (RSUs) on 2026-02-27 valued at $3.16 per share (total ~$460,001). To satisfy payroll tax withholding on the award, 3,421 shares were withheld (reported as a disposition valued at $3.16 each, ~$10,810), leaving a net issuance of approximately 142,149 shares.
• This was an award (compensation), not an open-market purchase or sale.

Key Details

• Transaction date: 2026-02-27. Grant price/value used: $3.16 per share.
• Award: 145,570 RSUs (code A) — total reported value ~$460,001.
• Tax withholding: 3,421 shares withheld (code F) — value ~$10,810.
• Net shares issued to Redd ≈ 142,149 (145,570 − 3,421).
• Vesting: RSUs vest in three equal installments on April 15, 2027; April 15, 2028; and April 15, 2029 (footnote).
• Shares owned after the transaction: not specified in the provided filing excerpt.
• Filing date: 2026-03-03; transaction date 2026-02-27. Check the original SEC filing for any timeliness flag.

Context

• RSUs are a form of compensation that vest over time; they do not indicate an immediate cash market purchase or sale. The withholding of shares to cover payroll taxes is a common administrative step and is routine for equity awards.
• Because this is an award to an executive, it primarily reflects compensation decisions rather than direct insider buying/selling for investment purposes.