4//SEC Filing
Brady Tanya 4
Accession 0001476204-25-000024
CIK 0001476204other
Filed
Jan 30, 7:00 PM ET
Accepted
Jan 31, 4:33 PM ET
Size
11.7 KB
Accession
0001476204-25-000024
Insider Transaction Report
Form 4
Brady Tanya
EVP, GC & Secretary
Transactions
- Award
Class C Units
2025-01-29+6,190→ 6,190 total→ Common Stock (6,190 underlying) - Award
Class C Units
2025-01-29+941.192→ 941.192 total→ Common Stock (941.192 underlying) - Award
OP Units
2025-01-29+6,192→ 49,204.603 total→ Common Stock (6,192 underlying)
Footnotes (5)
- [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 2022-2024 Performance-Based LTIP Units.
- [F3]Represents Class C Units of limited partnership interests ("Class C Units") in PECO OP. 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, and upon satisfaction of any applicable vesting conditions, the vested Class C Units convert to OP Units on a one-for-one basis. The Class C Units have no expiration date.
- [F4]Represents unvested Class C Units earned based upon the Issuer's achievement of the performance metrics under the 2022-2024 Performance-Based LTIP Units which will vest in full on December 31, 2025, subject to continued service with the Company.
- [F5]Represents 470.596 vested, and 470.596 unvested, earned Class C Units issued in lieu of cash dividends accrued on the earned 2022-2024 Performance-Based LTIP Units. The unvested Class C units will vest in full on December 31, 2025, subject to continued service with the Company.
Documents
Issuer
Phillips Edison & Company, Inc.
CIK 0001476204
Entity typeother
Related Parties
1- filerCIK 0001770509
Filing Metadata
- Form type
- 4
- Filed
- Jan 30, 7:00 PM ET
- Accepted
- Jan 31, 4:33 PM ET
- Size
- 11.7 KB