4/A: Brandywine Realty Trust Executive Corrects Stock Ownership Reporting After Administrative Error

Daniel A. Palazzo, SVP & Chief Accounting Officer of Brandywine Realty Trust, files an amended Form 4 to correct previously reported figures regarding share awards and tax withholdings.

Summary

• Daniel A. Palazzo, SVP & Chief Accounting Officer of Brandywine Realty Trust, filed an amended Form 4 with the SEC.
• The amendment corrects the number of common shares received under the 2022-2024 Restricted Performance Share Award, initially reported as 12,282 but now corrected to 8,786.
• The filing also corrects the number of shares withheld for payroll taxes upon delivery of the shares, initially reported as 1,156 but now corrected to 1,012.
• After these transactions, Palazzo directly owns 151,272 common shares of Brandywine Realty Trust.

Sentiment

Score: 7

Explanation: The document is a routine correction of a previous filing. While it highlights an initial error, the prompt correction is a positive sign for transparency and internal controls.

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 of the filing ensures that shareholders and potential investors have accurate information regarding insider ownership.

Key Dates

Keywords

Form 4, Beneficial Ownership, Brandywine Realty Trust, BDN, Daniel A. Palazzo, SEC Filing, Amendment, Restricted Performance Share Award, Tax Withholding