4/A: Brandywine Realty Trust Executive Vice President & CFO Tom Wirth Corrects Form 4 Filing Regarding Restricted Stock Units

Tom Wirth, Executive Vice President & CFO of Brandywine Realty Trust, files an amended Form 4 to correct the number of restricted stock units earned and shares withheld for payroll taxes related to his 2022-2024 Restricted Share Rights award.

Summary

• Tom Wirth, the Executive Vice President & CFO of 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 restricted stock units earned and shares withheld for payroll taxes.
• The corrected filing shows that Mr. Wirth acquired 23,470 common shares of beneficial interest on January 31, 2025, at a price of $0, reflecting restricted stock units earned under the outperformance element of his 2022-2024 Restricted Share Rights award.
• The original filing incorrectly reported the number of units earned as 11,735.
• Additionally, the corrected filing shows that 2,448 common shares were withheld on February 3, 2025, at a price of $5.49 to satisfy payroll taxes related to the settled restricted stock units.
• The original filing incorrectly reported the number of shares withheld as 2,172.
• Following these transactions, Mr. Wirth beneficially owns 573,839 common shares of Brandywine Realty Trust.
• The filing was signed on February 7, 2025.

Sentiment

Score: 7

Explanation: The document is a routine correction of an administrative error in a regulatory filing. While the error itself is slightly negative, the correction is a positive sign of transparency and compliance.

Negatives

• The original Form 4 filing contained administrative errors regarding the number of restricted stock units earned and shares withheld for payroll taxes.

Industry Context

Form 4 filings are a standard part of corporate governance, providing transparency into the transactions of company insiders.

Stakeholder Impact

• The correction of the Form 4 filing ensures accurate information is available to shareholders and the public.

Key Dates

Keywords

Form 4, amendment, restricted stock units, Brandywine Realty Trust, Tom Wirth, beneficial ownership, BDN, SEC filing