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Phillips Edison (PECO) director awarded 2,901 Class B Units tied to stock

Filing Impact
(Neutral)
Filing Sentiment
(Neutral)
Form Type
4

Rhea-AI Filing Summary

Phillips Edison & Company, Inc. director Wang Parilee Edison received a grant of 2,901 Class B Units of limited partnership interests in Phillips Edison Grocery Center Operating Partnership I, L.P. as equity compensation. These Class B Units correspond to 2,901 shares of the company’s common stock on an underlying basis.

The Class B Units will vest in full on the earlier of the first anniversary of the grant date or the next annual stockholder meeting that is at least 50 weeks after the prior year’s meeting, subject to continued service. After vesting and achieving full parity with outstanding OP Units, they convert into OP Units, which are exchangeable at the holder’s election for cash equal to the fair market value of one share of common stock or, at the operating partnership’s option, one share of common stock on a one-for-one basis. Following this award, the director holds 2,901 Class B Units directly.

Positive

  • None.

Negative

  • None.
Insider Wang Parilee Edison
Role null
Type Security Shares Price Value
Grant/Award Class B Units 2,901 $0.00 --
Holdings After Transaction: Class B Units — 2,901 shares (Direct, null)
Footnotes (1)
  1. 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. Represents the grant of Class B Units of limited partnership interests ("Class B Units") in PECO OP. At issuance, the Class B Units do not have full parity with 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. Represents Class B Units that will vest in full on the earlier of (i) the first anniversary of the date of grant, or (ii) on the date of the next annual meeting of stockholders that is at least 50 weeks after the immediately preceding year's annual meeting, subject to continued service through the applicable vesting date.
Class B Units granted 2,901 units Grant to director on 2026-05-12
Underlying common stock 2,901 shares Tied one-for-one to Class B Units
Grant price per unit $0.00 per unit Equity award, no cash paid by director
Total Class B Units after grant 2,901 units Director’s holdings following transaction
Class B Units financial
"Represents the grant of Class B Units of limited partnership interests ("Class B Units") in PECO OP."
OP Units financial
"Limited partnership interests ("OP Units") in Phillips Edison Grocery Center Operating Partnership I, L.P."
OP units are ownership stakes in an operating partnership that sits beneath a public parent company, commonly used by real estate and energy firms to hold assets and distributions. Think of them like special shares in a subsidiary: they give economic rights to profits and cash payouts but are structured differently from the parent’s common stock, so investors watch OP unit issuance because it can change the effective ownership, future distributions, and potential dilution of the parent company’s equity.
limited partnership interests financial
"Represents the grant of Class B Units of limited partnership interests ("Class B Units") in PECO OP."
An ownership stake in a limited partnership gives an investor the role of a limited partner who provides capital but does not run day-to-day operations; a separate general partner manages the business. It matters because limited partners share profits, losses, and tax benefits but generally cannot lose more than they invested and have little control or liquidity—think of it like quietly funding a small business while someone else manages it, with potential return and risk tied to the venture’s performance.
liquidating distributions financial
"At issuance, the Class B Units do not have full parity with OP Units with respect to liquidating distributions."
Payments made to shareholders from a company’s remaining cash or asset sale proceeds when the business is being wound up or reorganized. Like splitting the money after selling a shared house, these distributions return investors’ capital (often after creditors are paid) rather than representing regular profit payouts, so they matter because they determine how much investors recover and can affect tax treatment and final investment value.
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Form 4 Insider Transactions: What Each Field Means →
SEC Form 4
FORM 4UNITED STATES SECURITIES AND EXCHANGE COMMISSION
Washington, D.C. 20549

STATEMENT OF CHANGES IN BENEFICIAL OWNERSHIP

Filed pursuant to Section 16(a) of the Securities Exchange Act of 1934
or Section 30(h) of the Investment Company Act of 1940
OMB APPROVAL
OMB Number:3235-0287
Estimated average burden
hours per response:0.5
Check this box if no longer subject to Section 16. Form 4 or Form 5 obligations may continue. See Instruction 1(b).
Check this box to indicate that a transaction was made pursuant to a contract, instruction or written plan for the purchase or sale of equity securities of the issuer that is intended to satisfy the affirmative defense conditions of Rule 10b5-1(c). See Instruction 10.
1. Name and Address of Reporting Person*
Wang Parilee Edison
(Last)(First)(Middle)
11501 NORTHLAKE DRIVE
(Street)
CINCINNATI OHIO 45249
(City)(State)(Zip)
UNITED STATES
(Country)		2. Issuer Name and Ticker or Trading Symbol
Phillips Edison & Company, Inc. [ PECO ] 		5. Relationship of Reporting Person(s) to Issuer
(Check all applicable)
XDirector10% Owner
Officer (give title below)Other (specify below)
2a. Foreign Trading Symbol
3. Date of Earliest Transaction (Month/Day/Year)
05/12/2026		6. Individual or Joint/Group Filing (Check Applicable Line)
XForm filed by One Reporting Person
Form filed by More than One Reporting Person
4. If Amendment, Date of Original Filed (Month/Day/Year)

Table I - Non-Derivative Securities Acquired, Disposed of, or Beneficially Owned
1. Title of Security (Instr. 3) 2. Transaction Date (Month/Day/Year)2A. Deemed Execution Date, if any (Month/Day/Year)3. Transaction Code (Instr. 8) 4. Securities Acquired (A) or Disposed Of (D) (Instr. 3, 4 and 5) 5. Amount of Securities Beneficially Owned Following Reported Transaction(s) (Instr. 3 and 4) 6. Ownership Form: Direct (D) or Indirect (I) (Instr. 4) 7. Nature of Indirect Beneficial Ownership (Instr. 4)
CodeVAmount(A) or (D)Price
Table II - Derivative Securities Acquired, Disposed of, or Beneficially Owned
(e.g., puts, calls, warrants, options, convertible securities)
1. Title of Derivative Security (Instr. 3) 2. Conversion or Exercise Price of Derivative Security 3. Transaction Date (Month/Day/Year)3A. Deemed Execution Date, if any (Month/Day/Year)4. Transaction Code (Instr. 8) 5. Number of Derivative Securities Acquired (A) or Disposed of (D) (Instr. 3, 4 and 5) 6. Date Exercisable and Expiration Date (Month/Day/Year)7. Title and Amount of Securities Underlying Derivative Security (Instr. 3 and 4) 8. Price of Derivative Security (Instr. 5) 9. Number of derivative Securities Beneficially Owned Following Reported Transaction(s) (Instr. 4) 10. Ownership Form: Direct (D) or Indirect (I) (Instr. 4) 11. Nature of Indirect Beneficial Ownership (Instr. 4)
CodeV(A)(D)Date ExercisableExpiration DateTitleAmount or Number of Shares
Class B Units(1)(2)05/12/2026A(2)2,901 (1)(3) (1)(2)Common Stock2,901$02,901(3)D
Explanation of Responses:
1. 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.
2. Represents the grant of Class B Units of limited partnership interests ("Class B Units") in PECO OP. At issuance, the Class B Units do not have full parity with 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.
3. Represents Class B Units that will vest in full on the earlier of (i) the first anniversary of the date of grant, or (ii) on the date of the next annual meeting of stockholders that is at least 50 weeks after the immediately preceding year's annual meeting, subject to continued service through the applicable vesting date.
Remarks:
/s/ Jennifer Robison, Attorney-in-Fact05/14/2026
** Signature of Reporting PersonDate
Reminder: Report on a separate line for each class of securities beneficially owned directly or indirectly.
* If the form is filed by more than one reporting person, see Instruction 4 (b)(v).
** Intentional misstatements or omissions of facts constitute Federal Criminal Violations See 18 U.S.C. 1001 and 15 U.S.C. 78ff(a).
Note: File three copies of this Form, one of which must be manually signed. If space is insufficient, see Instruction 6 for procedure.
Persons who respond to the collection of information contained in this form are not required to respond unless the form displays a currently valid OMB Number.
* Form 4: SEC 1474 (03-26)

Source: View Original Filing on SEC EDGAR

FAQ

What insider transaction did Phillips Edison (PECO) report for Wang Parilee Edison?

Phillips Edison reported that director Wang Parilee Edison received a grant of 2,901 Class B Units in its operating partnership. These units are a form of equity compensation tied to 2,901 underlying common shares, rather than an open-market stock purchase or sale.

What are the 2,901 Class B Units granted to the Phillips Edison director?

The 2,901 Class B Units are limited partnership interests in Phillips Edison’s operating partnership. Each Class B Unit is linked to one underlying share of common stock and can eventually convert into OP Units that are exchangeable for either cash or common stock.

When do Wang Parilee Edison’s Class B Units in Phillips Edison (PECO) vest?

The Class B Units vest in full on the earlier of the first anniversary of the grant date or the next annual stockholder meeting held at least 50 weeks after the prior year’s meeting. Vesting is conditioned on the director’s continued service through that vesting date.

How can OP Units tied to Phillips Edison (PECO) common stock be exchanged?

OP Units in the operating partnership are exchangeable, at the holder’s election, for cash equal to the fair market value of one share of Phillips Edison common stock or, at the partnership’s option, one share of common stock on a one-for-one basis, with no expiration date.

Do the Class B Units granted to the Phillips Edison director have an expiration date?

The Class B Units have no expiration date. They initially lack full parity with OP Units but, after vesting and meeting specified capital account conditions, can achieve full parity, convert into OP Units and then be exchangeable into either cash or common stock.