Jennifer L. Robison - 01 Mar 2022 Form 4 Insider Report for Phillips Edison & Company, Inc. (PECO)

Role
Chief Accounting Officer & SVP
Signature
Jennifer Robison, Attorney-in-Fact
Issuer symbol
PECO
Transactions as of
01 Mar 2022
Net transactions value
-$5,860
Form type
4
Filing time
03 Mar 2022, 15:24:15 UTC
Previous filing
04 Jan 2022
Next filing
06 May 2022
SEC
View on sec.gov

Transactions Table

Type Sym Class Transaction Value $ Shares Change % * Price $ Shares After Date Ownership Footnotes
transaction PECO Class B Common Stock Other $0 -4,059 -100% $0.000000* 0 15 Jan 2022 Direct F1
transaction PECO Common Stock Other $0 +4,058 +31% $0.000000 16,973 15 Jan 2022 Direct F1
transaction PECO Common Stock Award $0 +1,308 +7.7% $0.000000 18,281 01 Mar 2022 Direct F2
transaction PECO Common Stock Tax liability $5,860 -183 -1% $32.02 18,098 01 Mar 2022 Direct F3
transaction PECO Common Stock Award $0 +2,871 +16% $0.000000 20,969 01 Mar 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.