4//SEC Filing
Murphy Devin Ignatius 4
Accession 0001476204-24-000033
CIK 0001476204other
Filed
Mar 4, 7:00 PM ET
Accepted
Mar 5, 4:44 PM ET
Size
13.1 KB
Accession
0001476204-24-000033
Insider Transaction Report
Form 4
Murphy Devin Ignatius
CFO, Secretary and Treasurer
Transactions
- Award
OP Units
2024-03-01+16,500→ 344,331.012 total→ Common Stock (16,500 underlying) - Award
Class B Units
2024-03-01+10,859→ 10,859 total→ Common Stock (10,859 underlying) - Award
Class C Units
2024-03-01+1,143.786→ 1,143.786 total→ Common Stock (1,143.786 underlying)
Holdings
- 378,487.819(indirect: By LLC)
OP Units
→ Common Stock (378,487.819 underlying)
Footnotes (4)
- [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 OP Units earned based upon the Issuer's achievement of performance metrics under the 2021-2023 Performance-Based LTIP Units that were fully vested upon earning.
- [F3]Represents the grant of fully vested Class B Units of limited partnership interests ("Class B Units") in PECO OP, under the Issuer's long term incentive plan. At issuance, the Class B Units do not have full parity with the 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 achieving full parity with OP Units, the vested Class B Units would convert into an equal number of OP Units. The Class B Units have no expiration date.
- [F4]Represents vested Class C Units of limited partnership interests ("Class C Units") in PECO OP issued in lieu of cash dividends accrued on the earned 2021-2023 Performance-Based LTIP Units. At issuance, the Class C 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 C Units convert to OP Units on a one-for-one basis. The Class C Units have no expiration date.
Documents
Issuer
Phillips Edison & Company, Inc.
CIK 0001476204
Entity typeother
Related Parties
1- filerCIK 0001440186
Filing Metadata
- Form type
- 4
- Filed
- Mar 4, 7:00 PM ET
- Accepted
- Mar 5, 4:44 PM ET
- Size
- 13.1 KB