Gerard H. Sweeney - Jan 31, 2023 Form 4 Insider Report for BRANDYWINE REALTY TRUST (BDN)

Role
President and CEO, Director
Signature
/s/ Gerard H. Sweeney
Stock symbol
BDN
Transactions as of
Jan 31, 2023
Transactions value $
$342,111
Form type
4
Date filed
2/2/2023, 06:44 PM
Previous filing
Jul 5, 2022
Next filing
Feb 21, 2023

Transactions Table

Type Sym Class Transaction Value $ Shares Change % * Price $ Shares After Date Ownership Footnotes
transaction BDN Common Shares of Beneficial Interest Tax liability -$48.4K -7.37K -0.45% $6.56 1.63M Jan 31, 2023 Direct F1, F2, F3
transaction BDN Common Shares of Beneficial Interest Options Exercise $711K +110K +6.76% $6.47 1.74M Feb 1, 2023 Direct F4
transaction BDN Common Shares of Beneficial Interest Tax liability -$321K -49.6K -2.85% $6.47 1.69M Feb 1, 2023 Direct F5
* An asterisk sign (*) next to the price indicates that the price is likely invalid.

Explanation of Responses:

Id Content
F1 Reflects common shares withheld to satisfy payroll taxes due with respect to a scheduled distribution from the Company's deferred compensation plan.
F2 This filing also reports in the ending balance 8,260.62 additional common shares acquired under the Company's Dividend Reinvestment Plan (DRIP). Under the DRIP, 1,962.14 shares were acquired on July 20, 2022 at a transaction price of $9.52 per share, 3,127.55 shares were acquired on October 20, 2022 at a transaction price of $6.19 per share and 3,170.93 shares were acquired on January 19, 2023 at a transaction price of $6.42 per share.
F3 This filing also reports in the ending balance of shares owned, 3,710.13 additional common shares acquired under the Company's Employee Share Purchase Plan (ESPP). The ESPP shares were purchased following the Reporting Person's last Section 16 filing. Under the ESPP, 1,584.28 shares were acquired on September 12, 2022 at a transaction price of $7.89 per share and 2,125.85 shares were acquired on December 7, 2022 at a transaction price of $5.88 per share. The ESPP provides for the purchase of fractional shares. The numbers reported herein are rounded to the nearest whole number.
F4 Reflects the delivery of common shares under the reporting person's 2020-2022 Restricted Performance Share Unit Award
F5 Reflects common shares withheld to satisfy payroll taxes due upon delivery of common shares under the reporting person's 2020-2022 Restricted Performance Share Unit Award.