REDD WILLIAM D 4

What Happened

• William D. Redd, EVP & Senior Managing Director at Brandywine Realty Trust (BDN), had 10,009 shares withheld on April 15, 2026 to satisfy payroll/tax liabilities tied to the vesting or delivery of equity awards. The withholding price was $2.76 per share, totaling $27,625. This was a tax-withholding disposition (transaction code F), not an open-market sale.

Key Details

• Transaction date: 2026-04-15
• Price per share: $2.76; total value withheld: $27,625
• Shares withheld: 10,009 (tax withholding / net-share settlement)
• Shares owned after the transaction: not specified in the provided filing summary
• Footnote: F1 — shares were withheld to satisfy payroll taxes for vesting or delivery of equity awards
• Filing date: 2026-04-17 (filed two days after the transaction; appears timely under SEC Section 16 rules)

Context

• This is a routine net-share settlement to cover tax obligations when equity awards vest and does not represent an open-market sale that would signal a change in insider sentiment. Such withholdings are common and generally not interpreted the same way as voluntary sales.