John P. Caulfield - Jan 29, 2025 Form 4 Insider Report for Phillips Edison & Company, Inc. (PECO)

Role
CFO, EVP & Treasurer
Signature
/s/ Jennifer Robison, Attorney-in-Fact
Stock symbol
PECO
Transactions as of
Jan 29, 2025
Transactions value $
$0
Form type
4
Date filed
1/31/2025, 04:33 PM
Previous filing
Jan 3, 2025
Next filing
Mar 4, 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 OP Units Award $0 +10.3K +20.4% $0.00 60.6K Jan 29, 2025 Common Stock 10.3K Direct F1, F2
transaction PECO Class C Units Award $0 +10.3K $0.00 10.3K Jan 29, 2025 Common Stock 10.3K Direct F1, F3, F4
transaction PECO Class C Units Award $0 +1.56K $0.00 1.56K Jan 29, 2025 Common Stock 1.56K Direct F1, F3, F5
* 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 OP Units earned based upon the Issuer's achievement of performance metrics under the 2022-2024 Performance-Based LTIP Units.
F3 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.
F4 Represents unvested Class C Units earned based upon the Issuer's achievement of the performance metrics under the 2022-2024 Performance-Based LTIP Units which will vest in full on December 31, 2025, subject to continued service with the Company.
F5 Represents 781.294 vested, and 781.294 unvested, earned Class C Units issued in lieu of cash dividends accrued on the earned 2022-2024 Performance-Based LTIP Units. The unvested Class C units will vest in full on December 31, 2025, subject to continued service with the Company.