Edison Jeffrey 4

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.