Director Leslie Chao (PECO) receives 2,901 restricted Phillips Edison shares

Rhea-AI Filing Summary

Phillips Edison & Company, Inc. director Leslie T. Chao received a grant of 2,901 shares of restricted Common Stock at a stated price of $0.00 per share. The award will vest in full on the earlier of the first anniversary of the grant date or the next annual meeting of stockholders that occurs at least 50 weeks after the prior year’s annual meeting, subject to continued service through that vesting date.

After this grant, Chao directly holds 54,981 shares of Common Stock. In addition, 199.139 shares are held indirectly through a spouse, which includes 7.524 shares acquired under the company’s dividend reinvestment plan.

Insider Trade Summary

2 transactions reported

Mixed 2 txns

Insider CHAO LESLIE T

Role null

Type	Security	Shares	Price	Value
Grant/Award	Common Stock	2,901	$0.00	--
holding	Common Stock	--	--	--

Holdings After Transaction: Common Stock — 54,981 shares (Direct, null); Common Stock — 199.139 shares (Indirect, Spouse)

Footnotes (1)

1. Represents the grant of restricted Common Stock 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. Includes 7.524 shares acquired under the Issuer's dividend reinvestment plan.

Key Figures

Restricted stock grant: 2,901 shares Grant price: $0.00 per share Direct holdings after grant: 54,981 shares +2 more

5 metrics

Restricted stock grant 2,901 shares Grant of restricted Common Stock to director Leslie T. Chao

Grant price $0.00 per share Stated price for restricted Common Stock award

Direct holdings after grant 54,981 shares Common Stock directly owned by Leslie T. Chao after transaction

Indirect spouse holdings 199.139 shares Common Stock indirectly held through spouse

Dividend reinvestment shares 7.524 shares Portion of spouse-held shares from dividend reinvestment plan

Key Terms

restricted Common Stock, dividend reinvestment plan, annual meeting of stockholders

3 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.

dividend reinvestment plan financial

"Includes 7.524 shares acquired under the Issuer's dividend reinvestment plan."

A dividend reinvestment plan lets shareholders automatically use cash dividends to buy more shares of the same company instead of receiving the money. It matters to investors because it turns regular payouts into a steady way to grow ownership and take advantage of compound returns—like having your savings automatically buy additional slices of a pie over time—while often reducing transaction costs and smoothing purchase timing.

annual meeting of stockholders financial

"on the date of the next annual meeting of stockholders that is at least 50 weeks"

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^*

CHAO LESLIE T

(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)

X	Director		10% 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)

X	Form 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)
			Code	V	Amount	(A) or (D)	Price
Common Stock	05/12/2026		A(1)		2,901	A	$0	54,981	D
Common Stock								199.139(2)	I	Spouse

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

Explanation of Responses:

1. Represents the grant of restricted Common Stock 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.

2. Includes 7.524 shares acquired under the Issuer's dividend reinvestment plan.

Remarks:

	/s/ Jennifer Robison, Attorney-in-Fact	05/14/2026
	** 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.
* Form 4: SEC 1474 (03-26)

FAQ

What insider transaction did Phillips Edison (PECO) report for Leslie T. Chao?

Phillips Edison reported that director Leslie T. Chao received a grant of 2,901 shares of restricted Common Stock. This is a compensation-related award rather than an open-market purchase or sale, and it increases his direct ownership position in the company.

How many Phillips Edison (PECO) shares does Leslie T. Chao hold after this grant?

Following the grant, Leslie T. Chao holds 54,981 shares of Phillips Edison Common Stock directly. He also has an indirect position of 199.139 shares through his spouse, giving him both direct and indirect exposure to the company’s equity.

What are the vesting terms of Leslie T. Chao’s 2,901 restricted Phillips Edison shares?

The 2,901 restricted Common Stock shares vest in full on the earlier of the first anniversary of the grant date or the next annual meeting at least 50 weeks after the prior year’s meeting. Vesting is conditioned on Chao’s continued service through the applicable vesting date.

Are any of Leslie T. Chao’s Phillips Edison (PECO) shares held indirectly?

Yes. The filing shows 199.139 shares of Phillips Edison Common Stock held indirectly through Chao’s spouse. This indirect holding includes 7.524 shares that were acquired under the company’s dividend reinvestment plan, in addition to his separate direct share ownership.

What does the Phillips Edison Form 4 say about dividend reinvestment plan shares?

The Form 4 notes that the indirect holding includes 7.524 shares acquired under Phillips Edison’s dividend reinvestment plan. This indicates that a portion of the spouse-held shares results from automatically reinvesting dividends into additional Common Stock.