Jennifer Robison - Mar 1, 2022 Form 4 Insider Report for Phillips Edison & Company, Inc. (PECO)

Role
Chief Accounting Officer & SVP
Signature
Jennifer Robison, Attorney-in-Fact
Stock symbol
PECO
Transactions as of
Mar 1, 2022
Transactions value $
-$5,860
Form type
4
Date filed
3/3/2022, 03:24 PM
Previous filing
Jan 4, 2022
Next filing
May 6, 2022

Transactions Table

Type Sym Class Transaction Value $ Shares Change % * Price $ Shares After Date Ownership Footnotes
transaction PECO Class B Common Stock Other $0 -4.06K -100% $0.00* 0 Jan 15, 2022 Direct F1
transaction PECO Common Stock Other $0 +4.06K +31.42% $0.00 17K Jan 15, 2022 Direct F1
transaction PECO Common Stock Award $0 +1.31K +7.71% $0.00 18.3K Mar 1, 2022 Direct F2
transaction PECO Common Stock Tax liability -$5.86K -183 -1% $32.02 18.1K Mar 1, 2022 Direct F3
transaction PECO Common Stock Award $0 +2.87K +15.86% $0.00 21K Mar 1, 2022 Direct F4
* An asterisk sign (*) next to the price indicates that the price is likely invalid.

Explanation of Responses:

Id Content
F1 On January 15, 2022, the issued and outstanding shares of Class B Common Stock automatically converted back to shares of the Issuer's listed Common Stock, on a one-for-one basis, with cash paid in lieu of fractional shares, in a reclassification transaction exempt under Rule 16b-7.
F2 Represents shares of Common Stock earned based upon the Issuer's achievement of performance metrics under the 2019-2021 Performance-Based LTIP Units.
F3 Represents shares of Common Stock surrendered to cover tax liability upon vesting of earned 2019-2021 Performance-Based LTIP Units.
F4 Represents the grant of restricted stock units that vest in four equal annual installments on the anniversary of the date of grant, subject to continued service.