Murphy Devin Ignatius 4

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.