PIZZI CHARLES P 4

What Happened Charles P. Pizzi, a director of Brandywine Realty Trust (BDN), was granted 37,582 shares on 2026-05-28 as an annual trustee award. The shares were issued at $0.00 (i.e., a grant) and vested immediately. Based on the 05/28/26 closing price of $3.06, the award is valued at approximately $115,000.

Key Details

• Transaction date: 2026-05-28 (Grant/Award, code A)
• Grant price reported: $0.00; 37,582 shares granted and vested immediately
• Reported value: ~$115,000 (37,582 × $3.06 per footnote)
• Shares owned after the transaction: Not specified in the filing
• Footnote: Number of shares calculated from $115,000 award using 05/28/26 closing price of $3.06; shares vested immediately upon grant
• Filing timeliness: Report filed 2026-06-01 (timely under Form 4 rules)

Context This was a compensation grant to a director (annual trustee award), not an open-market purchase or sale, so it reflects routine director compensation rather than a personal buy/sell decision. Immediate vesting means the director gained full beneficial ownership of these shares upon grant.