DesRoches Reginald 4

What Happened

• Reginald DesRoches, a director of Brandywine Realty Trust (BDN), was granted 37,582 shares on 2026-05-28. The shares were reported as acquired at $0.00 (award/grant) and vested immediately upon grant. The grant is described as the $115,000 annual trustee award, based on a closing price of $3.06 on 05/28/2026.

Key Details

• Transaction date: 2026-05-28; Form 4 filed: 2026-06-01
• Transaction type/code: Award/Grant (A); acquisition price recorded $0.00
• Number of shares granted: 37,582; reported award value: $115,000 (calculated at $3.06/share)
• Shares owned after transaction: not explicitly stated in this filing
• Footnotes: (1) Award equals the $115,000 annual trustee award and vested immediately. (2) The filing corrects a prior ministerial reporting error from a 05/22/2025 Form 4 that listed Mr. DesRoches' balance as 99,466 instead of 99,446 (20-share difference).
• No 10b5-1 plan, tax-withholding, or sale noted in this filing.

Context

• This was a standard equity award to a board member (compensation), not an open-market purchase or sale. Because the shares vested immediately, DesRoches received full ownership on grant date. Such awards are routine director compensation and are informative about compensation level but do not by themselves signal insider buying or selling intent.