4//SEC Filing
Caulfield John P 4
Accession 0001476204-24-000091
CIK 0001476204other
Filed
Jul 16, 8:00 PM ET
Accepted
Jul 17, 4:10 PM ET
Size
9.0 KB
Accession
0001476204-24-000091
Insider Transaction Report
Form 4
Caulfield John P
CFO, EVP & Treasurer
Transactions
- Exercise/Conversion
OP Units
2024-07-15+16,949→ 45,225 total→ Common Stock (16,949 underlying) - Exercise/Conversion
Class B Units
2024-07-15−16,949→ 0 total→ Common Stock (16,949 underlying)
Footnotes (2)
- [F1]Represents the vesting of Class B Units of limited partnership interests ("Class B Units") in Phillips Edison Grocery Center Operating Partnership I, L.P., a Delaware limited partnership ("PECO OP"), previously issued as long term incentive compensation pursuant to the Issuer's equity based compensatory programs. At issuance, the Class B Units were subject to vesting, and did not have full parity with common units of limited partnership interest in PECO OP ("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. Upon vesting, having previously achieved full parity with OP Units, the Class B Units were converted into an equal number of OP Units. The Class B Units have no expiration date.
- [F2]OP Units 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.
Documents
Issuer
Phillips Edison & Company, Inc.
CIK 0001476204
Entity typeother
Related Parties
1- filerCIK 0001786866
Filing Metadata
- Form type
- 4
- Filed
- Jul 16, 8:00 PM ET
- Accepted
- Jul 17, 4:10 PM ET
- Size
- 9.0 KB