Myers Robert F. 4
4 · Phillips Edison & Company, Inc. · Filed Feb 6, 2026
Research Summary
AI-generated summary of this filing
Phillips Edison (PECO) President Robert F. Myers Receives Award
What Happened
Robert F. Myers, President of Phillips Edison & Company (PECO), was granted a total of 16,692.261 limited partnership units (derivative interests) on February 4, 2026 via awards under the company’s performance plan. The filing shows three awards: 7,772 units, 1,149.261 units, and 7,771 units, each acquired at $0.00 (these are equity/partnership units issued as compensation, not cash purchases).
Key Details
- Transaction date: February 4, 2026; Form 4 filed February 6, 2026.
- Prices: $0.00 per unit (award/grant), total cash paid = $0.
- Total units granted: 16,692.261 (sum of 7,772 + 1,149.261 + 7,771).
- Units are derivative limited partnership interests (not direct common stock) and are treated as equity compensation.
- Footnotes: grants relate to the 2023–2025 Performance-Based LTIP and include OP Units (exchangeable for common stock or cash), vested Class B Units (issued in lieu of cash dividends on earned LTIP units and convertible to OP Units upon parity), and Class C Units (which may be unvested and convert to OP Units upon parity and vesting). Some Class C units noted as unvested will vest on January 1, 2027, subject to continued service.
- Filing timeliness: filed two days after the transaction date; no late filing flag indicated in the provided data.
- Shares owned after the transaction: not specified in the provided information.
Context
These entries are awards of partnership units tied to performance goals (LTIP), not open-market buys or sales. OP Units and convertible Class B/C Units are exchangeable for PECO common stock (or cash at PECO OP’s option) on a one-for-one basis once conversion conditions are met — they represent compensation/equity-interest rather than immediate stock purchases or sales. Such awards are routine compensation; they do not by themselves signal a buy or sell decision by the insider.
Insider Transaction Report
- Award
OP Units
[F1][F2]2026-02-04+7,772→ 291,239.472 total→ Common Stock (7,772 underlying) - Award
Class B Units
[F1][F3]2026-02-04+1,149.261→ 1,149.261 total→ Common Stock (1,149.261 underlying) - Award
Class C Units
[F1][F4][F5]2026-02-04+7,771→ 7,771 total→ Common Stock (7,771 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 OP Units earned based upon the Issuer's achievement of performance metrics under the 2023-2025 Performance-Based LTIP Units.
- [F3]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.
- [F4]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.
- [F5]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.