Jeffrey Edison - Aug 8, 2024 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
Aug 8, 2024
Transactions value $
$0
Form type
4
Date filed
8/9/2024, 04:10 PM
Previous filing
Jul 17, 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 OP Units Other -2.13M -49.75% 2.15M Aug 8, 2024 Common Stock 2.13M By Sprinkles Trust LLC F1, F2, F3
transaction PECO OP Units Other +2.13M +9900% 2.15M Aug 8, 2024 Common Stock 2.13M By Sprinkles Trust LLC F1, F2, F3
holding PECO OP Units 1.28M Aug 8, 2024 Common Stock 1.28M Direct F1
holding PECO OP Units 2.42M Aug 8, 2024 Common Stock 2.42M By Jeffrey Edison Family Trust F1, F3
holding PECO OP Units 1.13M Aug 8, 2024 Common Stock 1.13M By Edison Properties LLC F1, F3
holding PECO OP Units 479K Aug 8, 2024 Common Stock 479K By Spouse's Family Trust F1, F3
holding PECO OP Units 431K Aug 8, 2024 Common Stock 431K By Edison Family Trust F1, F3
holding PECO OP Units 331K Aug 8, 2024 Common Stock 331K By Edison Ventures Trust F1, F3
holding PECO OP Units 277K Aug 8, 2024 Common Stock 277K By Old 97, Inc F1, F3
holding PECO OP Units 211K Aug 8, 2024 Common Stock 211K By Spouse's Trust F1, F3
holding PECO OP Units 60.6K Aug 8, 2024 Common Stock 60.6K By Father's Trust F1, F3
* 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 and are not subject to vesting.
F2 Reflects the transfer by Mr. Edison of the non-voting units in Sprinkles Trust LLC, representing 2,128,500 shares held by Sprinkles LLC, to the Jeffrey Edison Family Trust, in exchange for a promissory note of equal value to the transferred non-voting units, for estate planning purposes. Sprinkles Trust LLC continues to own the shares and Mr. Edison continues to control Sprinkles Trust LLC.
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.