Devin Ignatius Murphy - Apr 30, 2025 Form 4 Insider Report for Phillips Edison & Company, Inc. (PECO)

Role
Director
Signature
/s/ Jennifer Robison, Attorney-in-Fact
Stock symbol
PECO
Transactions as of
Apr 30, 2025
Transactions value $
$0
Form type
4
Date filed
5/2/2025, 04:32 PM
Previous filing
Mar 17, 2025
SEC
View on sec.gov

Reporting Owners (1)

Name Relationship Address Signature Signature date CIK
Murphy Devin Ignatius Director 11501 NORTHLAKE DRIVE, CINCINNATI /s/ Jennifer Robison, Attorney-in-Fact 2025-05-02 0001440186

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 -2.79K -100% $0.00 0 Apr 30, 2025 Common Stock 2.79K Direct F1, F2
transaction PECO OP Units Options Exercise $0 +2.79K +0.87% $0.00 324K Apr 30, 2025 Common Stock 2.79K Direct F1, F2
transaction PECO Class B Units Award $0 +3.29K $0.00 3.29K May 1, 2025 Common Stock 3.29K Direct F1, F4, F5
holding PECO OP Units 378K Apr 30, 2025 Common Stock 378K By DJM Investments LLC F1, F3
holding PECO OP Units 64K Apr 30, 2025 Common Stock 64K LLC held by Family Member'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 Represents the vesting of Class B Units of limited partnership interests ("Class B Units") in PECO OP. At issuance, the Class B Units were subject to vesting, and did not have full parity with 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, 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.
F3 Mr. Murphy disclaims beneficial ownership of these shares except to the extent of any pecuniary interest therein
F4 Represents the grant of Class B Units in PECO OP. At issuance, the Class B Units do not have full parity with 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.
F5 Represents Class B Units that will vest in full on the earlier of (i) the first anniversary of the date of grant, or (ii) on the date of the next annual meeting of stockholders that is at least 50 weeks after the immediately preceding year's annual meeting, subject to continued service through the applicable vesting date.