Robert F. Myers - Dec 31, 2024 Form 4 Insider Report for Phillips Edison & Company, Inc. (PECO)

Role
President
Signature
/s/ Jennifer Robison, Attorney-in-Fact
Stock symbol
PECO
Transactions as of
Dec 31, 2024
Transactions value $
$0
Form type
4
Date filed
1/3/2025, 04:35 PM
Previous filing
Jul 17, 2024
Next filing
Jan 31, 2025
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 C Units Options Exercise $0 -8.25K -100% $0.00 0 Dec 31, 2024 Common Stock 8.25K Direct F1, F2
transaction PECO Class C Units Options Exercise $0 -1.22K -100% $0.00 0 Dec 31, 2024 Common Stock 1.22K Direct F1, F2
transaction PECO Class B Units Options Exercise $0 -3.43K -100% $0.00 0 Jan 1, 2025 Common Stock 3.43K Direct F1, F3
transaction PECO OP Units Options Exercise $0 +8.25K +3.58% $0.00 239K Dec 31, 2024 Common Stock 8.25K Direct F1, F2
transaction PECO OP Units Options Exercise $0 +1.22K +0.51% $0.00 240K Dec 31, 2024 Common Stock 1.22K Direct F1, F2
transaction PECO OP Units Options Exercise $0 +3.43K +1.43% $0.00 243K Jan 1, 2025 Common Stock 3.43K Direct 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 Represents the vesting, and conversion to OP Units, of Class C Units of limited partnership interests ("Class C Units") in PECO OP, previously issued as long term incentive compensation pursuant to the Issuer's equity based compensatory programs. At issuance, the Class C 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 or concurrently achieved full parity with OP Units, the Class C Units were converted into an equal number of OP Units. The Class C Units have no expiration date.
F3 Represents the vesting of Class B Units of limited partnership interests ("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.