Myers Robert F. 4
4 · Phillips Edison & Company, Inc. · Filed Mar 3, 2026
Research Summary
AI-generated summary of this filing
PECO (Phillips Edison) President Robert Myers Receives Award, Converts Units
What Happened
- Robert F. Myers, President of Phillips Edison & Company (PECO), received a grant of 13,238 Class B units in the company’s operating partnership on March 1, 2026. On the same date he recorded several derivative exercise/conversion entries (all at $0) that reflect vesting and conversion activity, including the acquisition of 12,320 OP units. No cash was paid or received in these transactions — they are equity compensation and unit conversions, not open-market purchases or sales.
Key Details
- Transaction date: March 1, 2026; Form 4 filed March 3, 2026 (timely filing).
- Prices: All reported at $0.00 — these are unit grants, vestings and conversions of derivative securities.
- Reported entries include a grant of 13,238 Class B Units and multiple exercise/conversion entries (including an acquisition of 12,320 OP Units and other conversions/vestings recorded).
- Shares owned after the transactions are not stated in the provided summary.
- Footnotes: Class B Units vest over time and can convert into OP Units once they achieve parity; OP Units can be exchanged for cash equal to the fair market value of one share of PECO common stock or, at PECO OP’s option, for shares on a one-for-one basis. Transactions reflect long-term incentive plan vesting and conversions (see footnotes F1–F8).
Context
- These are compensation-related derivative transactions (vesting and conversion of partnership units), not market purchases or sales. Because no cash changed hands and the units convert into OP Units or common-equivalent value, the entries are primarily administrative/compensatory events rather than trading that signals a personal buy or sell.
Insider Transaction Report
Form 4
Myers Robert F.
President
Transactions
- Award
Class B Units
[F1][F2][F3]2026-03-01+13,238→ 13,238 total→ Common Stock (13,238 underlying) - Exercise/Conversion
Class B Units
[F2][F4]2026-03-01−2,811→ 0 total→ Common Stock (2,811 underlying) - Exercise/Conversion
Class B Units
[F2][F4][F5]2026-03-01−2,770→ 2,770 total→ Common Stock (2,770 underlying) - Exercise/Conversion
Class B Units
[F2][F4][F6]2026-03-01−3,379→ 6,759 total→ Common Stock (3,379 underlying) - Exercise/Conversion
Class B Units
[F2][F4][F7]2026-03-01−3,360→ 10,081 total→ Common Stock (3,360 underlying) - Exercise/Conversion
OP Units
[F2][F4]2026-03-01+12,320→ 303,559.472 total→ Common Stock (12,320 underlying) - Exercise/Conversion
Class B Units
[F2][F8]2026-03-01−1,149.261→ 0 total→ Common Stock (1,149.261 underlying) - Exercise/Conversion
OP Units
[F2][F8]2026-03-01+1,149.261→ 304,708.733 total→ Common Stock (1,149.261 underlying)
Footnotes (8)
- [F1]Represents the grant of Class B Units of limited partnership interests ("Class B Units") in Phillips Edison Grocery Center Operating Partnership I, L.P., a Delaware limited partnership ("PECO OP"), under the Issuer's long term incentive plan. The Class B Units vest in four equal annual installments on the anniversary of the date of grant, subject to continued service. At issuance, the Class B Units do not have full parity with common units of limited partnership interest in PECO OP ("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.
- [F2]OP Units 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.
- [F3]Represents the grant of Class B Units that vest in four equal annual installments on the anniversary of the date of grant, subject to continued service with the Company.
- [F4]Represents the vesting of Class B Units in PECO OP, previously issued as long term incentive compensation pursuant to the Issuer's equity based compensatory programs. At issuance, the Class B Units were subject to vesting, and did not have full parity with OP Units, 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.
- [F5]Represents the total Class B Units that have the same grant date, vesting provisions and other terms. These Class B Units will vest in full on March 1, 2027, subject to continued service with the Company.
- [F6]Represents the total Class B Units that have the same grant date, vesting provisions and other terms. These Class B Units will vest in increments of 3,379 units on March 1, 2027, and 3,380 units on March 1, 2028, subject to continued service with the Company.
- [F7]Represents the total Class B Units that have the same grant date, vesting provisions and other terms. These Class B Units will vest in increments of 3,360 units on March 1, 2027, and March 1, 2028, and 3,361 units on March 1, 2029, subject to continued service with the Company.
- [F8]Represents the conversion to OP Units of vested and earned Class B Units in PECO OP, previously issued as long term incentive compensation pursuant to the Issuer's equity based compensatory programs. At issuance, the Class B Units did not have full parity with the OP Units, 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. Having achieved full parity with the OP Units, the Class B Units were converted into an equal number of OP Units. The Class B Units have no expiration date.
Signature
/s/ Jennifer Robison, Attorney-in-Fact|2026-03-03