| 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 | +43,127 | $0.000000 | 43,127 | 01 Mar 2024 | Common Stock | 43,127 | Direct | F1, F2, F3 | ||
| transaction | PECO | Class B Units | Options Exercise | $0 | -9,135 | -33% | $0.000000 | 18,270 | 01 Mar 2024 | Common Stock | 9,135 | Direct | F2, F4, F5 | |
| transaction | PECO | Class B Units | Options Exercise | $0 | -9,002 | -25% | $0.000000 | 27,009 | 01 Mar 2024 | Common Stock | 9,002 | Direct | F2, F4, F6 | |
| transaction | PECO | OP Units | Options Exercise | $0 | +18,137 | +0.55% | $0.000000 | 3,329,127 | 01 Mar 2024 | Common Stock | 18,137 | Direct | F2, F4 | |
| transaction | PECO | OP Units | Award | $0 | +26,810 | +0.81% | $0.000000 | 3,355,937 | 01 Mar 2024 | Common Stock | 26,810 | Direct | F2, F7 | |
| transaction | PECO | Class C Units | Award | $0 | +26,811 | $0.000000 | 26,811 | 01 Mar 2024 | Common Stock | 26,811 | Direct | F2, F9, F10 | ||
| transaction | PECO | Class C Units | Award | $0 | +3,952 | $0.000000 | 3,952 | 01 Mar 2024 | Common Stock | 3,952 | Direct | F2, F9, F11 | ||
| holding | PECO | OP Units | 2,424,406 | 01 Mar 2024 | Common Stock | 2,424,406 | By Jeffrey Edison Family Trust | F2, F8 | ||||||
| holding | PECO | OP Units | 1,134,215 | 01 Mar 2024 | Common Stock | 1,134,215 | By Edison Properties LLC | F2, F8 | ||||||
| holding | PECO | OP Units | 500,593 | 01 Mar 2024 | Common Stock | 500,593 | By Spouse's Family Trust | F2, F8 | ||||||
| holding | PECO | OP Units | 431,233 | 01 Mar 2024 | Common Stock | 431,233 | By Edison Family Trust | F2, F8 | ||||||
| holding | PECO | OP Units | 330,667 | 01 Mar 2024 | Common Stock | 330,667 | By Edison Ventures Trust | F2, F8 | ||||||
| holding | PECO | OP Units | 276,927 | 01 Mar 2024 | Common Stock | 276,927 | By Old 97, Inc | F2, F8 | ||||||
| holding | PECO | OP Units | 211,266 | 01 Mar 2024 | Common Stock | 211,266 | By Spouse's Trust | F2, F8 | ||||||
| holding | PECO | OP Units | 60,583 | 01 Mar 2024 | Common Stock | 60,583 | By Father's Trust | F2, F8 |
| Id | Content |
|---|---|
| F1 | 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 vesting and achieving full parity with OP Units, the Class B Units convert into an equal number of OP Units. The Class B Units have no expiration date. |
| F2 | 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 and are not subject to vesting. |
| F3 | 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 10,782 units on March 1, 2025, March 1, 2026 and March 1, 2027 and 10,781 units on March 1, 2028. |
| F4 | 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. |
| F5 | 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, 2025 and March 1, 2026, subject to continued service with the Company. |
| F6 | 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, 2025, March 1, 2026, and March 1, 2027, subject to continued service with the Company. |
| F7 | Represents OP Units earned based upon the Issuer's achievement of performance metrics under the 2021-2023 Performance-Based LTIP Units. |
| F8 | 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. |
| F9 | Represents Class C Units of limited partnership interests ("Class C Units") in PECO OP. 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, and upon satisfaction of any applicable vesting conditions, the vested Class C Units convert to OP Units on a one-for-one basis. The Class C Units have no expiration date. |
| F10 | Represents unvested Class C Units earned based upon the Issuer's achievement of the performance metrics under the 2021-2023 Performance-Based LTIP Units which will vest in full on December 31, 2024, subject to continued service with the Company. |
| F11 | Represents 1,975.977 vested, and 1,975.977 unvested, earned Class C Units issued in lieu of cash dividends accrued on the earned 2021-2023 Performance-Based LTIP Units. The unvested Class C units will vest in full on December 31, 2024, subject to continued service with the Company. |