CHAO LESLIE T 4

What Happened Leslie T. Chao, a director of Phillips Edison & Company, Inc. (PECO), was granted 2,901 restricted shares of common stock on May 12, 2026. The shares were issued at $0.00 (total reported value $0) as an award (transaction code A). These are restricted shares subject to vesting rather than an open-market purchase or sale.

Key Details

• Transaction date: 2026-05-12; Form 4 filed 2026-05-14 (timely filing).
• Transaction type/code: Grant/Award (A).
• Shares granted: 2,901 restricted common shares; reported acquisition price $0.00 (total $0).
• Vesting: Vests in full on the earlier of (i) the first anniversary of the grant or (ii) the date of the next annual meeting of stockholders that is at least 50 weeks after the prior meeting, subject to continued service (see footnote F1).
• Holdings note: Filing notes include 7.524 shares acquired under the issuer’s dividend reinvestment plan (F2). The filing does not list total shares owned after the grant in the summary provided here.
• No indication of sale or exercise; this is a compensation award, not a market purchase.

Context Restricted share grants to directors are common forms of compensation and vest over time; they do not represent an immediate sale or buy signal. Because these shares vest subject to continued service, they primarily reflect compensation alignment rather than an immediate endorsement of near-term stock performance.