Murphy Devin Ignatius 4
4 · Phillips Edison & Company, Inc. · Filed Mar 3, 2026
Insider Transaction Report
Form 4
Murphy Devin Ignatius
Director
Transactions
- Exercise/Conversion
Class B Units
[F1][F2]2026-03-01−1,150.726→ 0 total→ Common Stock (1,150.726 underlying) - Exercise/Conversion
OP Units
[F1][F2]2026-03-01+1,150.726→ 342,990.275 total→ Common Stock (1,150.726 underlying)
Holdings
- 378,487.819(indirect: By LLC)
OP Units
[F1][F3]→ Common Stock (378,487.819 underlying) - 64,000(indirect: By Trust)
OP Units
[F1][F3]→ Common Stock (64,000 underlying)
Footnotes (3)
- [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 B Units of limited partnership interests ("Class B Units") in PECO OP, previously issued as long term incentive compensation pursuant to the Issuer's equity based compensatory programs. At issuance, the Class B 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 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.
Signature
/s/ Jennifer Robison, Attorney-in-Fact|2026-03-03