DEVUONO H JEFFREY 4

What Happened

• Jeffrey H. Devuono, EVP & Senior Managing Director of Brandywine Realty Trust (BDN), was granted 155,923 restricted share units (RSUs) on 2026-02-27 valued at $3.16 each, totaling $492,717. To cover payroll taxes on the grant, 3,664 shares were withheld (disposed) at the same price, equal to $11,578.

Key Details

• Transaction date: 2026-02-27; Filing date (Form 4): 2026-03-03.
• Grant: 155,923 RSUs @ $3.16 (code A) — total value $492,717.
• Tax withholding: 3,664 shares @ $3.16 (code F) — value $11,578; shares withheld to satisfy payroll taxes.
• Vesting: RSUs are scheduled to 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 filing summary provided.
• Timeliness: filing covers the 2026-02-27 transaction and was submitted on 2026-03-03; no late-filing flag reported.

Context

• These were compensation RSUs, not an open-market purchase or sale. The tax-withholding (F) is a routine cashless withholding of shares to pay payroll taxes and reduces the number of RSUs the insider will receive upon vesting.
• Grants like this are common executive compensation and do not, by themselves, indicate immediate buying or selling sentiment in the market.