Director at Phillips Edison (NASDAQ: PECO) receives 2,901-share grant
Filing Impact
Filing Sentiment
Form Type
4
Rhea-AI Filing Summary
QUAZZO STEPHEN R reported acquisition or exercise transactions in this Form 4 filing.
Phillips Edison & Company, Inc. director Stephen R. Quazzo reported receiving a grant of 2,901 shares of restricted Common Stock at no cash cost. These shares will vest in full on the earlier of the first anniversary of the grant date or the next annual meeting of stockholders that is at least 50 weeks after the prior year’s meeting, subject to his continued service. Following this award, he directly holds 50,336 shares of the company’s Common Stock.
Positive
- None.
Negative
- None.
Insider Trade Summary
1 transaction reported
Mixed
1 txn
Insider
QUAZZO STEPHEN R
Role
null
| Type | Security | Shares | Price | Value |
|---|---|---|---|---|
| Grant/Award | Common Stock | 2,901 | $0.00 | -- |
Holdings After Transaction:
Common Stock — 50,336 shares (Direct, null)
Footnotes (1)
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Key Figures
Restricted stock grant: 2,901 shares
Grant price: $0.00 per share
Post-transaction holdings: 50,336 shares
+2 more
5 metrics
Restricted stock grant
2,901 shares
Common Stock awarded to director Stephen R. Quazzo
Grant price
$0.00 per share
Recorded price for restricted Common Stock grant
Post-transaction holdings
50,336 shares
Direct Common Stock held after the award
Vesting trigger 1
First anniversary
Shares vest on first anniversary of grant date if still serving
Vesting trigger 2
Next annual meeting
Alternatively vests at next annual meeting at least 50 weeks after prior one
Key Terms
restricted Common Stock, vesting, annual meeting of stockholders, continued service
4 terms
restricted Common Stock financial
"Represents the grant of restricted Common Stock that will vest in full"
Restricted common stock is company shares that carry limits on selling or transferring for a set period or until certain conditions are met, like time-based vesting or regulatory clearance. Think of them as shares in a locked box that gradually open; they can become freely tradable later but initially reduce the number of shares available on the market. Investors watch restricted stock because its eventual release can change a company’s share supply, affect stock price, and influence control and dilution.
vesting financial
"that will vest in full on the earlier of (i) the first anniversary"
Vesting is the process by which you earn full ownership of something, like company stock or a retirement benefit, over time. It’s like earning the right to keep a gift piece by piece the longer you stay with a company, making sure employees stay committed before they receive all the benefits.
annual meeting of stockholders financial
"on the date of the next annual meeting of stockholders that is at least 50 weeks"
continued service financial
"subject to continued service through the applicable vesting date"
FAQ
What insider transaction did Stephen R. Quazzo report for PECO?
Stephen R. Quazzo reported receiving a grant of 2,901 shares of restricted Common Stock. The award was recorded at a price of $0.00 per share and represents a compensation-related acquisition rather than an open-market purchase or sale of Phillips Edison & Company stock.
Was Quazzo’s PECO Form 4 transaction an open-market stock purchase?
No, the Form 4 shows a grant of restricted Common Stock, not an open-market purchase. The transaction code is “A,” which indicates a grant, award, or other acquisition, and the recorded price per share is $0.00, consistent with equity compensation rather than market buying.
What does transaction code "A" mean in Quazzo’s PECO Form 4?
Transaction code “A” indicates a grant, award, or other acquisition of securities. In this case, it reflects Phillips Edison & Company granting Stephen R. Quazzo 2,901 shares of restricted Common Stock as compensation, subject to vesting based on time and continued board service.