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

William D. Redd, EVP & Senior Managing Director at Brandywine Realty Trust, files an amended Form 4 to correct previously misreported figures regarding share awards and tax withholdings.

Summary

• William D. Redd, an EVP & Senior Managing Director at Brandywine Realty Trust, filed an amended Form 4 with the SEC.
• The amendment corrects errors in the original Form 4 filed on February 3, 2025, regarding the number of common shares received under the 2022-2024 Restricted Performance Share Award and the number of shares withheld for payroll taxes.
• The corrected filing shows that Redd acquired 32,651 common shares on January 31, 2025, at $0 per share, bringing his total holdings to 344,801 shares.
• Additionally, 9,073 shares were withheld on February 3, 2025, at a price of $5.49 per share to cover payroll taxes, reducing his holdings to 335,728 shares.
• The original filing incorrectly reported the number of units earned as 45,641 and the number of shares withheld as 12,237.

Sentiment

Score: 6

Explanation: The sentiment is neutral as the filing is a correction of a previous error. While errors are not ideal, the prompt correction is a positive sign of compliance.

Negatives

• The original Form 4 contained administrative errors, requiring an amendment.

Risks

• Administrative errors in SEC filings can lead to scrutiny and potential compliance issues.

Industry Context

Form 4 filings are standard practice for reporting changes in beneficial ownership by company insiders, ensuring transparency and compliance with SEC regulations.

Stakeholder Impact

• Corrected information ensures accurate reporting to shareholders and the public.

Key Dates

Keywords

Form 4, Beneficial Ownership, Brandywine Realty Trust, BDN, William D. Redd, SEC Filing, Restricted Performance Share Award, Payroll Taxes, Amendment