Edison Jeffrey 4
4 · Phillips Edison & Company, Inc. · Filed Feb 6, 2026
Research Summary
AI-generated summary of this filing
Phillips Edison CEO Jeffrey Edison Receives 64,950.621-Unit Award
What Happened
Jeffrey Edison, Phillips Edison & Company (PECO) Chairman, CEO and a director, was granted a total of 64,950.621 limited partnership units (derivative awards) on 2026-02-04. The filing shows three award entries — 30,235; 4,480.621; and 30,235 units — each acquired at $0.00 (no cash paid). These awards are performance- and dividend-related LTIP units rather than open-market purchases or sales.
Key Details
- Transaction date: February 4, 2026; Form 4 filed February 6, 2026. Each award reported with $0.00 per-unit price (award/grant, code A).
- Total units granted: 64,950.621 units; reported dollar value = $0 (awarded units).
- Units are limited partnership interests in Phillips Edison Grocery Center Operating Partnership I, L.P. (PECO OP) and are exchangeable, at the holder’s election, for cash equal to the fair market value of one share of PECO common stock or, at PECO OP’s option, for one share of common stock on a one-for-one basis (see footnote F1).
- Footnotes indicate these consist of performance-earned OP Units (F2), units issued in lieu of cash dividends that can convert to OP Units upon parity (Class B, F4), and Class C Units that convert to OP Units upon parity and (where noted) vesting conditions (F5, F6). Some Class C units are unvested and vest in full on January 1, 2027, subject to continued service (F6).
- The filing does not list a post-transaction common stock share count for Mr. Edison; footnote F3 notes shared voting/dispositive power over certain shares and disclaims beneficial ownership except to the extent of his pecuniary interest.
- Filing appears timely (no late filing flag indicated).
Context
These transactions are awards of partnership/derivative units tied to the company’s 2023–2025 performance plan and dividend conversion mechanics, not open-market buys or sales. Such awards can convert into common shares (or cash equal to share value) under the partnership agreement when conversion/parity conditions are met. Awards issued at $0 are typical for performance grants and do not reflect an immediate cash outlay or sale.
Insider Transaction Report
Form 4
Edison Jeffrey
DirectorChairman and CEO
Transactions
- Award
OP Units
[F1][F2]2026-02-04+30,235→ 89,554.699 total→ Common Stock (30,235 underlying) - Award
Class B Units
[F1][F4]2026-02-04+4,480.621→ 4,480.621 total→ Common Stock (4,480.621 underlying) - Award
Class C Units
[F1][F5][F6]2026-02-04+30,235→ 30,235 total→ Common Stock (30,235 underlying)
Holdings
- 2,150,000(indirect: By Trust)
OP Units
[F1][F3]→ Common Stock (2,150,000 underlying) - 2,020,000(indirect: By Trust)
OP Units
[F1][F3]→ Common Stock (2,020,000 underlying) - 1,814,405.871(indirect: By Trust)
OP Units
[F1][F3]→ Common Stock (1,814,405.871 underlying) - 1,134,215.303(indirect: By LLC)
OP Units
[F1][F3]→ Common Stock (1,134,215.303 underlying) - 458,893.389(indirect: By Trust)
OP Units
[F1][F3]→ Common Stock (458,893.389 underlying) - 431,233.177(indirect: By Trust)
OP Units
[F1][F3]→ Common Stock (431,233.177 underlying) - 330,666.876(indirect: By Trust)
OP Units
[F1][F3]→ Common Stock (330,666.876 underlying) - 276,927.452(indirect: By Old 97, Inc)
OP Units
[F1][F3]→ Common Stock (276,927.452 underlying) - 211,265.707(indirect: By Trust)
OP Units
[F1][F3]→ Common Stock (211,265.707 underlying) - 60,583.377(indirect: By Trust)
OP Units
[F1][F3]→ Common Stock (60,583.377 underlying)
Footnotes (6)
- [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 2023-2025 Performance-Based LTIP Units.
- [F3]Reflects total shares held by the entity, and as to which Mr. Edison has shared voting and dispositive power. Mr. Edison disclaims beneficial ownership of these shares except to the extent of his pecuniary interest therein.
- [F4]Represents vested Class B Units of limited partnership interests ("Class B Units") in PECO OP issued in lieu of cash dividends accrued on the earned 2023-2025 Performance-Based LTIP Units. At issuance, the Class B 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, the vested Class B Units convert to OP Units on a one-for-one basis. The Class B Units have no expiration date.
- [F5]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.
- [F6]Represents unvested Class C Units earned based upon the Issuer's achievement of the performance metrics under the 2023-2025 Performance-Based LTIP Units which will vest in full on January 1, 2027, subject to continued service with the Company.
Signature
/s/ Jennifer Robison, Attorney-in-Fact|2026-02-06