Neuman Shawn 4

What Happened

• Shawn Neuman, General Counsel & Secretary of Brandywine Realty Trust, had 21,114 shares withheld on April 15, 2026 to satisfy tax/payroll obligations related to equity awards. The withholding price was $2.76 per share, totaling $58,275. This is a disposition via tax withholding (code F), not an open-market sale.

Key Details

• Transaction date and price: 2026-04-15 at $2.76 per share
• Shares withheld/disposed: 21,114; total value reported: $58,275
• Transaction code: F (payment of exercise price or tax liability); footnote F1: shares withheld to satisfy payroll taxes for vesting/delivery of equity awards
• Shares owned after the transaction: not specified in the provided filing summary
• Filing timeliness: Report filed 2026-04-17 (two days after the transaction), which is within the typical two-business-day reporting window

Context

• This was a tax-withholding/cashless settlement of equity compensation rather than an open-market sale; such withholdings are routine to cover tax liabilities and do not necessarily indicate a change in insider sentiment. Purchases by insiders tend to be more directly interpreted as bullish signals; withholding transactions are administrative in nature.