Parilee Edison Wang - 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, 04:33 PM
Previous filing: May 2, 2024
SEC: View on sec.gov

Reporting Owners (1)

Name	Relationship	Address	Signature	Signature date	CIK
Wang Parilee Edison	Director	11501 NORTHLAKE DRIVE, CINCINNATI	/s/ Jennifer Robison, Attorney-in-Fact	2025-05-02	0001982282

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	-3.36K	-100%	$0.00	0	Apr 30, 2025	Common Stock	3.36K		Direct	F1, F2
transaction	PECO	OP Units	Options Exercise	$0	+3.36K		$0.00	3.36K	Apr 30, 2025	Common Stock	3.36K		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, F3, F4

* 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	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.
F4	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.