Jeffrey Edison - Oct 31, 2023 Form 4 Insider Report for Phillips Edison & Company, Inc. (PECO)

Role
Chairman and CEO, Director
Signature
/s/ Jennifer Robison, Attorney-in-Fact
Stock symbol
PECO
Transactions as of
Oct 31, 2023
Transactions value $
$0
Form type
4
Date filed
11/1/2023, 05:11 PM
Previous filing
Aug 8, 2023
Next filing
Jan 3, 2024

Derivative Securities (e.g., puts, calls, warrants, options, convertible securities)

Type Sym Class Transaction Value $ Shares Change % * Price $ Shares After Date Underlying Class Amount Exercise Price Ownership Footnotes
transaction PECO Class C Units Options Exercise $0 -4.8K -100% $0.00* 0 Oct 31, 2023 Common Stock 4.8K Direct F1, F2
transaction PECO Class C Units Options Exercise $0 -5.89K -100% $0.00* 0 Oct 31, 2023 Common Stock 5.89K Direct F1, F3
transaction PECO OP Units Options Exercise $0 +4.8K +0.15% $0.00 3.29M Oct 31, 2023 Common Stock 4.8K Direct F1, F2
transaction PECO OP Units Options Exercise $0 +5.89K +0.18% $0.00 3.3M Oct 31, 2023 Common Stock 5.89K Direct F1, F3
holding PECO OP Units 2.42M Oct 31, 2023 Common Stock 2.42M By Jeffrey Edison Family Trust F1, F4
holding PECO OP Units 1.13M Oct 31, 2023 Common Stock 1.13M By Edison Properties LLC F1, F4
holding PECO OP Units 501K Oct 31, 2023 Common Stock 501K By Spouse's Family Trust F1, F4
holding PECO OP Units 431K Oct 31, 2023 Common Stock 431K By Edison Family Trust F1, F4
holding PECO OP Units 331K Oct 31, 2023 Common Stock 331K By Edison Ventures Trust F1, F4
holding PECO OP Units 277K Oct 31, 2023 Common Stock 277K By Old 97, Inc F1, F4
holding PECO OP Units 211K Oct 31, 2023 Common Stock 211K By Spouse's Trust F1, F4
holding PECO OP Units 60.6K Oct 31, 2023 Common Stock 60.6K By Father's Trust F1, F4
* An asterisk sign (*) next to the price indicates that the price is likely invalid.

Explanation of Responses:

Id Content
F1 Limited partnership interests ("OP Units") in Phillips Edison Grocery Center Operating Partnership I, L.P., a Delaware limited partnership ("PECO OP") 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.
F2 Represents the conversion of vested and earned Class C Units of limited partnership interests ("Class C Units") in PECO OP issued in lieu of cash dividends accrued on the NAV Modifier performance units under the 2018-2020 Performance-Based LTIP. At issuance, the Class C Units did not have full parity with the OP Units, but upon achieving parity with the OP Units under the PECO OP's partnership agreement, based upon capital account balance per unit, and upon satisfaction of any applicable vesting conditions, the Class C Units convert to OP Units on a one-for-one basis. The Class C Units have no expiration date.
F3 Represents the conversion of vested and earned Class C Units in PECO OP issued in lieu of cash dividends accrued on the NAV Modifier performance units under the 2019-2021 Performance-Based LTIP. At issuance, the Class C Units did not have full parity with the OP Units, but upon achieving parity with the OP Units under the PECO OP's partnership agreement, based upon capital account balance per unit, and upon satisfaction of any applicable vesting conditions, the Class C Units convert to OP Units on a one-for-one basis. The Class C Units have no expiration date.
F4 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.