DEVUONO H JEFFREY 4

What Happened
Jeffrey H. DeVuono, EVP & Senior Managing Director at Brandywine Realty Trust (BDN), had 24,632 shares withheld to satisfy tax/payroll obligations related to the vesting or delivery of equity awards. The shares were valued at $2.76 each, totaling approximately $67,984. This was a tax-withholding disposition (not an open-market sale).

Key Details

• Transaction date: 2026-04-15; Price per share: $2.76; Total value: ~$67,984.
• Transaction type/code: F — shares withheld to satisfy payroll taxes for vesting/delivery of equity awards (footnote F1).
• Shares owned after the transaction: not specified in the filing.
• Filing date/accession: Form 4 filed 2026-04-17 (timely; within required reporting window).

Context
Tax-withholding dispositions are routine when restricted stock or other equity awards vest; they represent withholding to cover tax liabilities rather than a discretionary sale by the insider. Such transactions generally do not signal a change in the insider’s view of the company’s prospects.