Form 4: Brandywine Realty Trust Executive William D. Redd Reports Changes in Beneficial Ownership
SEC Form 4 Filing
William D. Redd, EVP & Senior Managing Director of Brandywine Realty Trust, reports a transaction involving common shares to cover payroll taxes.
Summary
- On July 1, 2024, William D. Redd, an EVP & Senior Managing Director at Brandywine Realty Trust, reported a change in beneficial ownership of the company's common shares.
- The transaction involved the disposal of 234 common shares at a price of $4.48 per share to satisfy payroll taxes related to a scheduled distribution from the company's deferred compensation plan.
- Following the transaction, Redd directly owns 312,316 common shares of Brandywine Realty Trust.
Sentiment
Score: 5
Explanation: The document is a routine regulatory filing related to an executive's stock transactions for tax purposes. It doesn't contain information that would significantly impact investor sentiment positively or negatively.
Industry Context
Form 4 filings are standard disclosures required by the SEC for insiders of publicly traded companies, providing transparency into their transactions in the company's stock. This filing indicates a routine transaction related to executive compensation.
Key Dates
| Date | Description |
|---|---|
| 07/01/2024 | Date of transaction involving common shares. |
| 07/03/2024 | Date of signature for the report. |
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