4//SEC Filing
Murphy Devin Ignatius 4
Accession 0001476204-25-000084
CIK 0001476204other
Filed
May 1, 8:00 PM ET
Accepted
May 2, 4:32 PM ET
Size
14.8 KB
Accession
0001476204-25-000084
Insider Transaction Report
Form 4
Murphy Devin Ignatius
CFO, Secretary and Treasurer
Transactions
- Exercise/Conversion
Class B Units
2025-04-30−2,789→ 0 total→ Common Stock (2,789 underlying) - Exercise/Conversion
OP Units
2025-04-30+2,789→ 324,098.798 total→ Common Stock (2,789 underlying) - Award
Class B Units
2025-05-01+3,290→ 3,290 total→ Common Stock (3,290 underlying)
Holdings
- 378,487.819(indirect: By LLC)
OP Units
→ Common Stock (378,487.819 underlying) - 64,000(indirect: By Trust)
OP Units
→ Common Stock (64,000 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 the vesting of Class B Units of limited partnership interests ("Class B Units") in PECO OP. At issuance, the Class B Units were subject to vesting, and did not have full parity with 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, 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.
- [F3]Mr. Murphy disclaims beneficial ownership of these shares except to the extent of any pecuniary interest therein
- [F4]Represents the grant of Class B Units in PECO OP. At issuance, the Class B Units do not have full parity with 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.
- [F5]Represents Class B Units that will vest in full on the earlier of (i) the first anniversary of the date of grant, or (ii) on the date of the next annual meeting of stockholders that is at least 50 weeks after the immediately preceding year's annual meeting, subject to continued service through the applicable vesting date.
Documents
Issuer
Phillips Edison & Company, Inc.
CIK 0001476204
Entity typeother
Related Parties
1- filerCIK 0001440186
Filing Metadata
- Form type
- 4
- Filed
- May 1, 8:00 PM ET
- Accepted
- May 2, 4:32 PM ET
- Size
- 14.8 KB