4/A: Brandywine Realty Trust Executive Corrects Stock Award Reporting
SEC Filing (Form 4/A Amendment)
Shawn Neuman, General Counsel & Secretary of Brandywine Realty Trust, files an amendment to a previous Form 4 to correct the number of restricted stock units earned.
Summary
- Shawn Neuman, General Counsel & Secretary of Brandywine Realty Trust, filed an amended Form 4 with the SEC on February 7, 2025.
- This amendment corrects an error in the original Form 4 filed on February 3, 2025, regarding the number of restricted stock units earned under the outperformance element of his 2022-2024 Restricted Share Rights award.
- The original filing incorrectly reported 2,342 units, while the corrected filing shows 4,684 units acquired on February 3, 2025, at a price of $0.
- Following the reported transaction, Neuman beneficially owns 123,170 common shares of Brandywine Realty Trust.
Sentiment
Score: 7
Explanation: The document is a routine correction of a previous filing. While an error occurred, the prompt correction is a positive sign of diligence.
Negatives
- An administrative error led to an incorrect initial filing, requiring an amendment.
Industry Context
Form 4 filings are standard practice for reporting changes in beneficial ownership by company insiders, ensuring transparency in the market.
Stakeholder Impact
- The correction ensures accurate information is available to shareholders regarding executive compensation and ownership.
Key Dates
| Date | Description |
|---|---|
| 01/31/2025 | Date of Earliest Transaction |
| 02/03/2025 | Date of Original Filed and Transaction Date |
| 02/07/2025 | Date of Amendment Filing |
Keywords
Form 4, Amendment, Restricted Stock Units, Beneficial Ownership, Brandywine Realty Trust, Neuman, BDN
Disclaimer:The information provided here is for general informational purposes only and does not constitute financial advice, recommendation, or endorsement of any kind. It may contain errors or omissions. You should not rely on this information to make financial decisions. Always seek the advice of a qualified financial professional before making any investment or financial decisions. Use of this information is at your own risk.