Myers Robert F. 4
Research Summary
AI-generated summary
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.