Jeffrey Edison - 15 Jul 2024 Form 4 Insider Report for Phillips Edison & Company, Inc. (PECO)

Role
Chairman and CEO, Director
Signature
/s/ Jennifer Robison, Attorney-in-Fact
Issuer symbol
PECO
Transactions as of
15 Jul 2024
Net transactions value
$0
Form type
4
Filing time
17 Jul 2024, 16:10:24 UTC
Previous filing
06 May 2024
Next filing
09 Aug 2024
SEC
View on sec.gov

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 B Units Options Exercise $0 -49,577 -100% $0.000000* 0 15 Jul 2024 Common Stock 49,577 Direct F1, F2
transaction PECO OP Units Options Exercise $0 +49,577 +4% $0.000000 1,277,014 15 Jul 2024 Common Stock 49,577 Direct F1, F2
holding PECO OP Units 2,150,000 15 Jul 2024 Common Stock 2,150,000 By Sprinkles Trust LLC F2, F3
holding PECO OP Units 2,424,406 15 Jul 2024 Common Stock 2,424,406 By Jeffrey Edison Family Trust F2, F3
holding PECO OP Units 1,134,215 15 Jul 2024 Common Stock 1,134,215 By Edison Properties LLC F2, F3
holding PECO OP Units 479,093 15 Jul 2024 Common Stock 479,093 By Spouse's Family Trust F2, F3
holding PECO OP Units 431,233 15 Jul 2024 Common Stock 431,233 By Edison Family Trust F2, F3
holding PECO OP Units 330,667 15 Jul 2024 Common Stock 330,667 By Edison Ventures Trust F2, F3
holding PECO OP Units 276,927 15 Jul 2024 Common Stock 276,927 By Old 97, Inc F2, F3
holding PECO OP Units 211,266 15 Jul 2024 Common Stock 211,266 By Spouse's Trust F2, F3
holding PECO OP Units 60,583 15 Jul 2024 Common Stock 60,583 By Father's Trust F2, F3
* An asterisk sign (*) next to the price indicates that the price is likely invalid.

Explanation of Responses:

Id Content
F1 Represents the vesting 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"), 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 common units of limited partnership interest in PECO OP ("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.
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 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.