Murphy Devin Ignatius 4
4 · Phillips Edison & Company, Inc. · Filed Feb 6, 2026
Research Summary
AI-generated summary of this filing
Phillips Edison (PECO) Director Devin Murphy Receives 18,891 Units
What Happened
- Devin Ignatius Murphy, a director of Phillips Edison & Company, Inc. (PECO), reported multiple derivative transactions on 2026-02-04. The filing shows acquisitions of 15,543 units, 1,150.726 units, and an acquisition of 2,197.751 units (conversion), and a separate disposition of 2,197.751 units (conversion/option exercise). In total the filing records 18,891.477 units acquired and 2,197.751 units disposed on that date, for a net increase of 16,693.726 units. All transactions are listed at $0.00 per unit in the Form 4.
Key Details
- Transaction date(s): 2026-02-04; Form 4 filed 2026-02-06.
- Reported prices/values: $0.00 per unit (derivative conversions/awards; no cash paid reported).
- Specific items reported:
- Exercise/conversion (M): 2,197.751 units acquired and 2,197.751 units disposed (both reported $0.00).
- Grant/award (A): 15,543 units acquired (performance/award) and 1,150.726 units acquired.
- Shares/units owned after transaction: not specified in the summary provided.
- Footnotes of note:
- These are limited partnership interests ("OP Units") in PECO OP, exchangeable for PECO common stock or cash on a one-for-one basis at the holder’s election (F1).
- Some units reflect conversion of previously issued Class C or Class B units and performance-based LTIP awards (F2, F3, F5).
- Mr. Murphy disclaims beneficial ownership except to the extent of any pecuniary interest (F4).
Context
- These entries are derivative awards and conversions (not open-market buys or public sales). OP Units are partnership interests that can be converted or exchanged for common shares (or cash) and typically arise from long-term incentive plans or unit conversions rather than secondary-market activity. Because the Form 4 reports $0.00, no cash price is shown — it reflects awards/conversions rather than a purchase price.
Insider Transaction Report
Form 4
Murphy Devin Ignatius
Director
Transactions
- Exercise/Conversion
Class C Units
[F1][F2]2026-02-04−2,197.751→ 0 total→ Common Stock (2,197.751 underlying) - Exercise/Conversion
OP Units
[F1][F2]2026-02-04+2,197.751→ 326,296.549 total→ Common Stock (2,197.751 underlying) - Award
OP Units
[F1][F3]2026-02-04+15,543→ 341,839.549 total→ Common Stock (15,543 underlying) - Award
Class B Units
[F1][F5]2026-02-04+1,150.726→ 1,150.726 total→ Common Stock (1,150.726 underlying)
Holdings
- 378,487.819(indirect: By LLC)
OP Units
[F1][F4]→ Common Stock (378,487.819 underlying) - 64,000(indirect: By Trust)
OP Units
[F1][F4]→ Common Stock (64,000 underlying)
Footnotes (5)
- [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 conversion to OP Units of vested and earned 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 did not have full parity with the 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. Having achieved full parity with the 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 OP Units earned based upon the Issuer's achievement of performance metrics under the 2023-2025 Performance-Based LTIP Units.
- [F4]Mr. Murphy disclaims beneficial ownership of these shares except to the extent of any pecuniary interest therein.
- [F5]Represents vested Class B Units of limited partnership interests ("Class B Units") in PECO OP issued in lieu of cash dividends accrued on the earned 2023-2025 Performance-Based LTIP Units. At issuance, the Class B 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, the vested Class B Units convert to OP Units on a one-for-one basis. The Class B Units have no expiration date.
Signature
/s/ Jennifer Robison, Attorney-in-Fact|2026-02-06