| Type | Sym | Class | Transaction | Value $ | Shares | Change % | * Price $ | Shares After | Date | Ownership | Footnotes |
|---|---|---|---|---|---|---|---|---|---|---|---|
| transaction | PECO | Common Stock | Award | $0 | +52.7K | +30.47% | $0.00 | 226K | Mar 1, 2023 | Direct | F1 |
| transaction | PECO | Common Stock | Tax liability | -$404K | -12K | -5.3% | $33.79 | 214K | Mar 1, 2023 | Direct | F2 |
| holding | PECO | Common Stock | 77.4K | Mar 1, 2023 | By PELP | F3, F4 | |||||
| holding | PECO | Common Stock | 33.3K | Mar 1, 2023 | By Mother's Trust | F3 | |||||
| holding | PECO | Common Stock | 33.3K | Mar 1, 2023 | By Father's Trust | F3 | |||||
| holding | PECO | Common Stock | 12.1K | Mar 1, 2023 | By Edison Properties LLC | F3 |
| Type | Sym | Class | Transaction | Value $ | Shares | Change % | * Price $ | Shares After | Date | Underlying Class | Amount | Exercise Price | Ownership | Footnotes |
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| transaction | PECO | Class B Units | Award | $0 | +36K | $0.00 | 36K | Mar 1, 2023 | Common Stock | 36K | Direct | F5, F6, F7 | ||
| transaction | PECO | Class B Units | Options Exercise | $0 | -9.14K | -25% | $0.00 | 27.4K | Mar 1, 2023 | Common Stock | 9.14K | Direct | F6, F8, F9 | |
| transaction | PECO | OP Units | Options Exercise | $0 | +9.14K | +0.28% | $0.00 | 3.29M | Mar 1, 2023 | Common Stock | 9.14K | Direct | F6, F8 | |
| holding | PECO | OP Units | 2.42M | Mar 1, 2023 | Common Stock | 2.42M | By Jeffrey Edison Family Trust | F3, F6 | ||||||
| holding | PECO | OP Units | 1.13M | Mar 1, 2023 | Common Stock | 1.13M | By Edison Properties LLC | F3, F6 | ||||||
| holding | PECO | OP Units | 501K | Mar 1, 2023 | Common Stock | 501K | By Spouse's Family Trust | F3, F6 | ||||||
| holding | PECO | OP Units | 431K | Mar 1, 2023 | Common Stock | 431K | By Edison Family Trust | F3, F6 | ||||||
| holding | PECO | OP Units | 331K | Mar 1, 2023 | Common Stock | 331K | By Edison Ventures Trust | F3, F6 | ||||||
| holding | PECO | OP Units | 277K | Mar 1, 2023 | Common Stock | 277K | By Old 97, Inc | F3, F6 | ||||||
| holding | PECO | OP Units | 211K | Mar 1, 2023 | Common Stock | 211K | By Spouse's Trust | F3, F6 | ||||||
| holding | PECO | OP Units | 60.6K | Mar 1, 2023 | Common Stock | 60.6K | By Father's Trust | F3, F6 |
| Id | Content |
|---|---|
| F1 | Represents shares of Common Stock earned based upon the Issuer's achievement of performance metrics under the 2020-2022 Performance-Based LTIP Units, 50% of which are vested and 50% of which vest on December 31, 2023, subject to continued employment. |
| F2 | Represents shares of Common Stock surrendered to cover tax liability upon vesting of earned 2020-2022 Performance-Based LTIP Units. |
| F3 | Reflects total shares held by the entity, and as to which Mr. Edison has shared voting and dispositive power. Mr. Edison disclaims beneficial ownership of these shares except to the extent of his pecuniary interest therein. |
| F4 | Phillips Edison Limited Partnership ("PELP") is a Delaware limited partnership. Mr. Edison is the manager of the general partner of PELP. |
| F5 | Represents the grant of Class B Units of limited partnership interests ("Class B Units") in Phillips Edison Grocery Center Operating Partnership I, L.P., a Delaware limited partnership ("PECO OP"), under the Issuer's long term incentive plan. The Class B Units vest in four equal annual installments on the anniversary of the date of grant, subject to continued service. At issuance, the Class B Units do not have full parity with common units of limited partnership interest in PECO OP ("OP Units") with respect to liquidating distributions, but upon the occurrence of certain events described in PECO OP's partnership agreement, based upon capital account balance per unit, could over time achieve full parity with the OP Units for all purposes. Upon achieving full parity with OP Units, the Class B Units would convert into an equal number of OP Units, subject to any remaining time-based vesting conditions of the converted unvested Class B Units. The Class B Units have no expiration date. |
| F6 | OP Units are exchangeable, at the election of the holder, for cash equal to the fair market value of one share of the Issuer's Common Stock or, at the option of PECO OP, shares of the Issuer's Common Stock on a one-for-one basis, and have no expiration date. |
| F7 | Represents the total Class B Units that have the same grant date, vesting provisions and other terms. These Class B Units will vest in increments of 9,003 units on March 1, 2024, March 1, 2025 and March 1, 2026 and 9,002 units on March 1, 2027. |
| F8 | Represents the vesting of Class B Units in PECO OP, previously issued as long term incentive compensation pursuant to the Issuer's equity based compensatory programs. At issuance, the Class B Units were subject to vesting, and did not have full parity with OP Units, but upon the occurrence of certain events described in PECO OP's partnership agreement, based upon capital account balance per unit, could over time achieve full parity with the OP Units for all purposes. Upon vesting, having previously achieved full parity with OP Units, the Class B Units were converted into an equal number of OP Units. The Class B Units have no expiration date. |
| F9 | Represents the total Class B Units that have the same grant date, vesting provisions and other terms. These Class B Units will vest in increments of 9,135 units on March 1, 2024, March 1, 2025 and March 1, 2026. |