4//SEC Filing
Brady Tanya 4
Accession 0001476204-25-000011
CIK 0001476204other
Filed
Jan 2, 7:00 PM ET
Accepted
Jan 3, 4:37 PM ET
Size
18.2 KB
Accession
0001476204-25-000011
Insider Transaction Report
Form 4
Brady Tanya
EVP, GC & Secretary
Transactions
- Exercise/Conversion
Class C Units
2024-12-31−1,834→ 0 total→ Common Stock (1,834 underlying) - Exercise/Conversion
OP Units
2025-01-01+686→ 43,012.603 total→ Common Stock (686 underlying) - Exercise/Conversion
Class C Units
2024-12-31−271.603→ 0 total→ Common Stock (271.603 underlying) - Exercise/Conversion
OP Units
2024-12-31+1,834→ 42,055 total→ Common Stock (1,834 underlying) - Exercise/Conversion
OP Units
2024-12-31+271.603→ 42,326.603 total→ Common Stock (271.603 underlying) - Exercise/Conversion
Class B Units
2025-01-01−686→ 0 total→ Common Stock (686 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 vesting, and conversion to OP Units, of 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 were subject to vesting, and did not have full parity with 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 or concurrently achieved full parity with 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 the vesting of 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 were subject to vesting, and did not have full parity with 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.
Documents
Issuer
Phillips Edison & Company, Inc.
CIK 0001476204
Entity typeother
Related Parties
1- filerCIK 0001770509
Filing Metadata
- Form type
- 4
- Filed
- Jan 2, 7:00 PM ET
- Accepted
- Jan 3, 4:37 PM ET
- Size
- 18.2 KB