Edison Jeffrey 4

What Happened

• Jeffrey Edison, Chairman and CEO of Phillips Edison & Company (PECO), received a grant of 45,570 Class B units (long‑term incentive units) on March 1, 2026 (reported in a Form 4 filed 2026-03-03). On the same date he converted/ exercised previously issued vested Class B units into OP Units, resulting in the acquisition of 44,152.621 OP Units (all transactions reported at $0.00 since these were awards/conversions, not cash purchases or sales).
• These filings reflect awards/derivative activity (grant = code A; exercises/conversions = code M) rather than open‑market buys or sales, so there was no cash proceeds or cash outlay for these items.

Key Details

• Transaction date(s): March 1, 2026; Form 4 filed March 3, 2026 (appears timely).
• Prices/values: reported at $0.00 (non‑cash grant and unit conversions).
• Specific amounts: Grant of 45,570 Class B Units; conversions/acquisitions of 44,152.621 OP Units via exercise/conversion entries.
• Shares owned after transaction: not specified in the filing summary here (see footnote F9 in the filing for total shares held by the entity and Mr. Edison’s shared voting/dispositive power).
• Notable footnotes: Class B Units are LTIP awards that vest over time (typically in four annual installments per footnotes F1, F3, F5–F7). Upon vesting and achieving parity conditions they convert into OP Units (F4, F8). OP Units can be exchanged for cash equal to fair market value of PECO common stock or, at PECO OP’s option, for shares on a one‑for‑one basis (F2).
• Filing timeliness: report covers March 1 transactions and was filed March 3; no late filing flag was indicated in the provided data.

Context

• These are compensation and conversion events (derivative/units activity), not open‑market purchases or sales — they do not necessarily indicate buying or selling sentiment by the insider.
• Converting Class B Units into OP Units is a routine administrative step when units vest or achieve parity; OP Units themselves can be exchanged for common stock or cash at the holder’s or OP’s election, so conversion does not automatically produce publicly traded shares.