Brady Tanya 4
4 · Phillips Edison & Company, Inc. · Filed Feb 6, 2026
Research Summary
AI-generated summary of this filing
PECO (Phillips Edison) EVP Tanya Brady Receives Awards
What Happened
- Tanya Brady, EVP, General Counsel & Secretary of Phillips Edison & Company (PECO), received three awards on Feb 4, 2026 totaling 7,274.121 partnership units (all reported at $0.00 as awards/derivative grants). These are not open-market purchases or sales but equity awards/units tied to the company’s long‑term incentive plan.
Key Details
- Transaction date: 2026-02-04; Form 4 filed: 2026-02-06 (appears timely — within the typical two business-day reporting window).
- Reported grants: 3,386 units; 502.121 units; 3,386 units — all reported as awards at $0.00 (derivative securities).
- Shares/units owned after transaction: not specified in the provided excerpt; see the full Form 4 for total holdings.
- Footnotes explain these are limited partnership interests in PECO’s operating partnership (OP Units) and related Class B/Class C units:
- OP Units can be exchanged (at holder election) for cash equal to the fair market value of one share of PECO common stock or, at PECO OP’s option, for PECO common shares on a one‑for‑one basis and have no expiration or vesting.
- Some units represent performance-based LTIP awards (2023–2025) and vested Class B or Class C units that may convert to OP Units upon achieving parity; certain Class C units may remain unvested and vest on Jan 1, 2027 subject to continued service.
- Nature of transaction: Award/grant of derivative partnership units (code A on Form 4). No cash proceeds and no immediate sale of shares.
Context
- These awards are compensation/performance-based units rather than buy/sell transactions and do not directly signal a personal cash investment or divestiture by the insider.
- Conversion mechanics mean the units can ultimately be settled in cash or converted into PECO common stock (one-for-one) under the partnership agreement when conversion conditions are met.
Insider Transaction Report
Form 4
Brady Tanya
EVP, GC & Secretary
Transactions
- Award
OP Units
[F1][F2]2026-02-04+3,386→ 62,768.795 total→ Common Stock (3,386 underlying) - Award
Class B Units
[F1][F3]2026-02-04+502.121→ 502.121 total→ Common Stock (502.121 underlying) - Award
Class C Units
[F1][F4][F5]2026-02-04+3,386→ 3,386 total→ Common Stock (3,386 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.
Signature
/s/ Jennifer Robison, Attorney-in-Fact|2026-02-06