Key facts
- This page summarizes Devin Ignatius Murphy's Form 4 filing for Phillips Edison & Company, Inc. (PECO).
- 3 reported transactions and 4 derivative rows are listed below.
- Accepted by SEC: 05 Mar 2024, 16:44.
Devin Ignatius Murphy - 01 Mar 2024 Form 4 Insider Report for Phillips Edison & Company, Inc. (PECO)
- Reporting relationship
- Managing Director
- Issuer ticker
- PECO
- Reported as of
- 01 Mar 2024
- Net transaction value
- $0
- SEC form
- 4
- Accepted by SEC
- 05 Mar 2024, 16:44:38 UTC
- Prior SEC filing
- 20 Feb 2024
- Next SEC filing
- 02 Jul 2024
- Source filing
- View source filing
- Reporting owner signature
- /s/ Jennifer Robison, Attorney-in-Fact
Source evidence
Original filing metadata and source links for verification.
5 source fields
Reporting owner
1 detail
Key filing fact
Devin Ignatius Murphy filed Form 4 for Phillips Edison & Company, Inc. (PECO) on 05 Mar 2024.
Change
- Previous filing in this sequence was filed on 20 Feb 2024.
- Current net transaction value: $0.
Research use
- This tells you what this filing adds before you inspect full transaction and derivative tables.
- You can trace every row back to the original SEC filing document.
Evidence
Filed on Form 4
View source filing
Ownership activity is grounded in SEC Form 4 disclosures.
Reported derivative securities
Options, warrants, convertible securities, or similar derivative positions disclosed in the filing.
PECO
transaction
Derivative
OP Units
Award
- Transaction value
- $0
- Shares
- +16,500
- Change %
- +5%
- Price
- $0.000000
- Shares after
- 344,331
- Date
- 01 Mar 2024
- Ownership
- Direct
- Underlying class
- Common Stock
- Underlying amount
- 16,500
- Exercise price
- Footnotes
- F1, F2
PECO
transaction
Derivative
Class B Units
Award
- Transaction value
- $0
- Shares
- +10,859
- Change %
- Price
- $0.000000
- Shares after
- 10,859
- Date
- 01 Mar 2024
- Ownership
- Direct
- Underlying class
- Common Stock
- Underlying amount
- 10,859
- Exercise price
- Footnotes
- F1, F3
PECO
transaction
Derivative
Class C Units
Award
- Transaction value
- $0
- Shares
- +1,144
- Change %
- Price
- $0.000000
- Shares after
- 1,144
- Date
- 01 Mar 2024
- Ownership
- Direct
- Underlying class
- Common Stock
- Underlying amount
- 1,144
- Exercise price
- Footnotes
- F1, F4
PECO
holding
Derivative
OP Units
No transaction description listed
- Transaction value
- Shares
- Change %
- Price
- Shares after
- 378,488
- Date
- 01 Mar 2024
- Ownership
- By DJM Investments LLC
- Underlying class
- Common Stock
- Underlying amount
- 378,488
- Exercise price
- Footnotes
- F1
* marks a reported price that did not pass the local price check.
Additional SEC filing notes
Filing notes and footnotes
Explanation of responses 4 footnotes
Footnote 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 and are not subject to vesting.
Footnote F2
Represents OP Units earned based upon the Issuer's achievement of performance metrics under the 2021-2023 Performance-Based LTIP Units that were fully vested upon earning.
Footnote F3
Represents the grant of fully vested Class B Units of limited partnership interests ("Class B Units") in PECO OP, under the Issuer's long term incentive plan. At issuance, the Class B Units do not have full parity with the 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 vested Class B Units would convert into an equal number of OP Units. The Class B Units have no expiration date.
Footnote F4
Represents vested Class C Units of limited partnership interests ("Class C Units") in PECO OP issued in lieu of cash dividends accrued on the earned 2021-2023 Performance-Based LTIP Units. At issuance, the Class C Units do 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, the vested Class C Units convert to OP Units on a one-for-one basis. The Class C Units have no expiration date.