Terri A. Herubin - May 25, 2023 Form 4 Insider Report for BRANDYWINE REALTY TRUST (BDN)

Role: Director
Signature: /s/ Shawn Neuman, as Attorney-in-Fact for Terri A Herubin
Stock symbol: BDN
Transactions as of: May 25, 2023
Transactions value $: $0
Form type: 4
Date filed: 5/26/2023, 11:22 AM
Previous filing: May 19, 2022

Transactions Table

Type	Sym	Class	Transaction	Value $	Shares	Change %	* Price $	Shares After	Date	Ownership	Footnotes
transaction	BDN	Common Shares of Beneficial Interest	Award	$0	+31.2K	+69%	$0.00	76.3K	May 25, 2023	Direct	F1, F2

* An asterisk sign (*) next to the price indicates that the price is likely invalid.

Explanation of Responses:

Id	Content
F1	These shares reflect the $115,000 Annual Trustee share award, the number of shares of which is calculated based upon a closing price on 05/25/2023 of $3.69. Shares vested immediately upon grant.
F2	This filing also reports in the ending balance 5,256.74 additional common shares acquired under the Company's Dividend Reinvestment Plan(DRIP). Under the DRIP, 796.19 shares were acquired on July 20, 2022 at a transaction price of $9.52 per share, 1,249.36 shares were acquired on October 20, 2022 at a transaction price of $6.19 per share, 1,241.56 shares were acquired on January 19, 2023 at a transaction price of $6.42 per share and 1,969.70 shares were acquired on April 19, 2023 at a transaction price of $4.17 per share.

Content

These shares reflect the $115,000 Annual Trustee share award, the number of shares of which is calculated based upon a closing price on 05/25/2023 of $3.69. Shares vested immediately upon grant.

This filing also reports in the ending balance 5,256.74 additional common shares acquired under the Company's Dividend Reinvestment Plan(DRIP). Under the DRIP, 796.19 shares were acquired on July 20, 2022 at a transaction price of $9.52 per share, 1,249.36 shares were acquired on October 20, 2022 at a transaction price of $6.19 per share, 1,241.56 shares were acquired on January 19, 2023 at a transaction price of $6.42 per share and 1,969.70 shares were acquired on April 19, 2023 at a transaction price of $4.17 per share.