Schlosser Joseph 4
Research Summary
AI-generated summary
Phillips Edison (PECO) COO Joseph Schlosser Receives 1,018 Shares
What Happened
- Joseph Schlosser, Chief Operating Officer of Phillips Edison & Company, was credited with 1,018 shares of common stock on 2026-02-04 as an award (code A) tied to the 2023–2025 Performance-Based LTIP. Simultaneously, 168 shares were surrendered (code F) to cover tax withholding at an indicated price of $37.22 per share, totaling $6,253 (disposed).
Key Details
- Transaction date: 2026-02-04; Form 4 filed 2026-02-06 (timely within the typical 2-business-day window).
- Awarded: 1,018 shares (reported as acquired at $0.00 because they were issued as earned compensation).
- Surrendered for taxes: 168 shares at $37.22 each = $6,253 (reported as disposed).
- Footnote: These shares were earned under the 2023–2025 Performance-Based LTIP — 50% vested now and 50% vests on Jan 1, 2027, subject to continued service.
- Filing does not list total shares owned by Schlosser after the transactions in the information provided.
Context
- This was an awards/vesting event, not an open-market purchase or voluntary sale. The surrender of shares to cover taxes is a common, routine step when restricted/earned equity vests and does not necessarily indicate a broader buying or selling preference.