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BRANDYWINE REALTY TRUST·4

Apr 17, 9:23 AM ET

PALAZZO DANIEL A 4

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Brandywine (BDN) SVP Daniel Palazzo Withholds 2,405 Shares for Taxes

What Happened Daniel A. Palazzo, SVP and Chief Accounting Officer of Brandywine Realty Trust (BDN), had 2,405 common shares withheld to satisfy payroll taxes related to equity vesting/delivery. The withholding was recorded as a disposition at $2.76 per share, for a total value of $6,638. This was a tax-withholding event (not an open-market sale).

Key Details

  • Transaction date: 2026-04-15; Filing date: 2026-04-17.
  • Transaction: 2,405 shares withheld to cover taxes (code F); price listed: $2.76; total value: $6,638.
  • Shares owned after transaction: not specified in the filing.
  • Footnote: F1 — shares were withheld to satisfy payroll taxes for vesting or delivery of equity awards.
  • Timeliness: Filed two days after the reported transaction date, within the normal Form 4 reporting window.

Context Tax-withholding by companies when equity vests is routine and reflects payroll/tax obligations rather than a discretionary sale by the insider. Such withholding typically does not signal insider sentiment about the company's stock.