4//SEC Filing
Caulfield John P 4
Accession 0001476204-25-000043
CIK 0001476204other
Filed
Mar 3, 7:00 PM ET
Accepted
Mar 4, 4:31 PM ET
Size
17.4 KB
Accession
0001476204-25-000043
Insider Transaction Report
Form 4
Caulfield John P
CFO, EVP & Treasurer
Transactions
- Exercise/Conversion
Class B Units
2025-03-01−1,134→ 1,134 total→ Common Stock (1,134 underlying) - Exercise/Conversion
Class B Units
2025-03-01−2,534→ 7,604 total→ Common Stock (2,534 underlying) - Award
Class B Units
2025-03-01+11,828→ 11,828 total→ Common Stock (11,828 underlying) - Exercise/Conversion
Class B Units
2025-03-01−1,962→ 3,925 total→ Common Stock (1,962 underlying) - Exercise/Conversion
OP Units
2025-03-01+5,630→ 66,197.434 total→ Common Stock (5,630 underlying)
Footnotes (7)
- [F1]Represents the grant 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"), under the Issuer's long term incentive plan. The Class B Units vest in four equal annual installments on the anniversary of the date of grant, subject to continued service. At issuance, the Class B Units do not have full parity with common units of limited partnership interest in PECO OP ("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 vesting and achieving full parity with OP Units, the Class B Units convert 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.
- [F3]Represents the total Class B Units that have the same grant date, vesting provisions and other terms. These Class B Units will vest in increments of 2,957 units on March 1, 2026, March 1, 2027, March 1, 2028, and March 1, 2029, subject to continued service with the Company.
- [F4]Represents the vesting of 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.
- [F5]Represents the total Class B Units that have the same grant date, vesting provisions and other terms. These Class B Units will vest in full on March 1, 2026, subject to continued service with the Company.
- [F6]Represents the total Class B Units that have the same grant date, vesting provisions and other terms. These Class B Units will vest in increments of 1,962 units on March 1, 2026, and 1,963 units on March 1, 2027, subject to continued service with the Company.
- [F7]Represents the total Class B Units that have the same grant date, vesting provisions and other terms. These Class B Units will vest in increments of 2,534 units on March 1, 2026 and 2,535 units on March 1, 2027 and March 1, 2028.
Documents
Issuer
Phillips Edison & Company, Inc.
CIK 0001476204
Entity typeother
Related Parties
1- filerCIK 0001786866
Filing Metadata
- Form type
- 4
- Filed
- Mar 3, 7:00 PM ET
- Accepted
- Mar 4, 4:31 PM ET
- Size
- 17.4 KB