Phillips Edison (PECO) Form 4 notes 1,999,800-share trust move

Rhea-AI Filing Summary

Phillips Edison & Company, Inc. (PECO) disclosed a Form 4 by its Chairman and CEO reporting a trust transfer dated 11/12/2025. The filing notes a transfer of non-voting units in Junebug Trust I, LLC representing 1,999,800 shares to the Jeffrey Edison Family Trust in exchange for a promissory note of equal value, for estate planning purposes. Junebug Trust I, LLC continues to own the shares and Mr. Edison continues to control Junebug Trust I, LLC.

The filing also explains that PECO OP limited partnership interests (OP Units) are exchangeable one-for-one for the company’s common stock or cash at fair market value, have no expiration date, and are not subject to vesting.

Insider Trade Summary

12 transactions reported

Mixed 12 txns

Insider Edison Jeffrey

Role Chairman and CEO

Type	Security	Shares	Price	Value
Other	OP Units	1,999,800	$0.00	--
Other	OP Units	1,999,800	$0.00	--
holding	OP Units	--	--	--
holding	OP Units	--	--	--
holding	OP Units	--	--	--
holding	OP Units	--	--	--
holding	OP Units	--	--	--
holding	OP Units	--	--	--
holding	OP Units	--	--	--
holding	OP Units	--	--	--
holding	OP Units	--	--	--
holding	OP Units	--	--	--

Holdings After Transaction: OP Units — 2,020,000 shares (Indirect, By Junebug Trust I, LLC); OP Units — 8,679.492 shares (Direct)

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. Reflects the transfer by Mr. Edison of the non-voting units in Junebug Trust I, LLC, representing 1,999,800 shares held by Junebug Trust I, LLC, to the Jeffrey Edison Family Trust, in exchange for a promissory note of equal value to the transferred non-voting units, for estate planning purposes. Junebug Trust I, LLC continues to own the shares and Mr. Edison continues to control Junebug Trust I, LLC. Reflects total shares held by the entity, and as to which Mr. Edison has shared voting and dispositive power. Mr. Edison disclaims beneficial ownership of these shares except to the extent of his pecuniary interest therein.

Form 4 Insider Transactions: What Each Field Means →

SEC Form 4

FORM 4

UNITED 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^*

Edison Jeffrey

(Last) (First) (Middle)

11501 NORTHLAKE DRIVE

(Street)

CINCINNATI OH 45249

(City) (State) (Zip)

2. Issuer Name and Ticker or Trading Symbol
Phillips Edison & Company, Inc. [ PECO ]

5. Relationship of Reporting Person(s) to Issuer
(Check all applicable)

X	Director		10% Owner
X	Officer (give title below)		Other (specify below)
	Chairman and CEO

3. Date of Earliest Transaction (Month/Day/Year)
11/12/2025

4. If Amendment, Date of Original Filed (Month/Day/Year)

6. Individual or Joint/Group Filing (Check Applicable Line)

X	Form filed by One Reporting Person
	Form filed by More than One Reporting Person

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)
			Code	V	Amount	(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)
				Code	V	(A)	(D)	Date Exercisable	Expiration Date	Title	Amount or Number of Shares
OP Units	(1)	11/12/2025		J			1,999,800(2)	(1)	(1)	Common Stock	1,999,800(2)	(2)	2,020,000(2)(3)	I	By Junebug Trust I, LLC
OP Units	(1)	11/12/2025		J		1,999,800(2)		(1)	(1)	Common Stock	1,999,800(2)	(2)	2,020,000(2)(3)	I	By Junebug Trust I, LLC
OP Units	(1)							(1)	(1)	Common Stock	8,679.492		8,679.492	D
OP Units	(1)							(1)	(1)	Common Stock	2,150,000		2,150,000(3)	I	By Sprinkles Trust LLC
OP Units	(1)							(1)	(1)	Common Stock	1,814,405.871		1,814,405.871(3)	I	By Jeffrey Edison Family Trust
OP Units	(1)							(1)	(1)	Common Stock	1,134,215.303		1,134,215.303(3)	I	By Edison Properties LLC
OP Units	(1)							(1)	(1)	Common Stock	458,893.389		458,893.389(3)	I	By Spouse's Family Trust
OP Units	(1)							(1)	(1)	Common Stock	431,233.177		431,233.177(3)	I	By Edison Family Trust
OP Units	(1)							(1)	(1)	Common Stock	330,666.876		330,666.876(3)	I	By Edison Ventures Trust
OP Units	(1)							(1)	(1)	Common Stock	276,927.452		276,927.452(3)	I	By Old 97, Inc
OP Units	(1)							(1)	(1)	Common Stock	211,265.707		211,265.707(3)	I	By Spouse's Trust
OP Units	(1)							(1)	(1)	Common Stock	60,583.377		60,583.377(3)	I	By Father's Trust

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. Reflects the transfer by Mr. Edison of the non-voting units in Junebug Trust I, LLC, representing 1,999,800 shares held by Junebug Trust I, LLC, to the Jeffrey Edison Family Trust, in exchange for a promissory note of equal value to the transferred non-voting units, for estate planning purposes. Junebug Trust I, LLC continues to own the shares and Mr. Edison continues to control Junebug Trust I, LLC.

3. Reflects total shares held by the entity, and as to which Mr. Edison has shared voting and dispositive power. Mr. Edison disclaims beneficial ownership of these shares except to the extent of his pecuniary interest therein.

Remarks:

	/s/ Jennifer Robison, Attorney-in-Fact	11/14/2025
	** Signature of Reporting Person	Date
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.

FAQ

What did PECO’s Form 4 report on 11/12/2025?

A transfer of non-voting units in Junebug Trust I, LLC representing 1,999,800 shares to the Jeffrey Edison Family Trust for a promissory note of equal value.

Who filed the Form 4 for PECO (PECO)?

The company’s Chairman and CEO filed the Form 4 as the reporting person.

Which entities were involved in the share-related transfer?

The transfer involved Junebug Trust I, LLC and the Jeffrey Edison Family Trust.

Does Junebug Trust I, LLC still own the shares after the transfer?

Yes. The filing states Junebug Trust I, LLC continues to own the shares and Mr. Edison continues to control it.

What are PECO OP Units and how can they be exchanged?

PECO OP OP Units are exchangeable for cash equal to the fair market value of one common share or, at PECO OP’s option, one share of common stock.

Do the OP Units have an expiration or vesting requirement?

According to the filing, OP Units have no expiration date and are not subject to vesting.

What was the consideration for the transfer of non-voting units?

A promissory note of equal value to the transferred non-voting units, as stated in the filing.