Phillips Edison (NASDAQ: PECO) director granted 2,901 restricted stock shares

Rhea-AI Filing Summary

Fischer Elizabeth reported acquisition or exercise transactions in this Form 4 filing.

Phillips Edison & Company, Inc. director Elizabeth Fischer received a grant of 2,901 shares of restricted Common Stock as compensation. These shares were awarded at no cash cost and increase her direct holdings to 24,758 shares. The restricted stock will vest in full on the earlier of the first anniversary of the grant date or the next annual stockholder meeting that occurs at least 50 weeks after the prior year’s meeting, assuming she continues in service until that vesting date.

Insider Trade Summary

1 transaction reported

Mixed 1 txn

Insider Fischer Elizabeth

Role null

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

Holdings After Transaction: Common Stock — 24,758 shares (Direct, null)

Footnotes (1)

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Key Figures

Restricted stock grant: 2,901 shares Post-transaction holdings: 24,758 shares Grant price: $0.00 per share +1 more

4 metrics

Restricted stock grant 2,901 shares Common Stock award to director on May 12, 2026

Post-transaction holdings 24,758 shares Common Stock directly owned by Elizabeth Fischer after grant

Grant price $0.00 per share Compensation-related restricted stock award

Vesting condition Earlier of 1 year or next qualifying annual meeting Subject to continued service through vesting date

Key Terms

restricted Common Stock, vest in full, annual meeting of stockholders

3 terms

restricted Common Stock financial

"Represents the grant of restricted Common Stock that will vest in full on the earlier"

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.

vest in full financial

"restricted Common Stock that will vest in full on the earlier of (i) the first anniversary"

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^*

Fischer Elizabeth

(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	24,758	D

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.

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 did PECO director Elizabeth Fischer report in this Form 4 filing?

Elizabeth Fischer reported receiving 2,901 shares of restricted Common Stock. The award was granted at no cash cost and is part of her director compensation, increasing her direct ownership in Phillips Edison & Company, Inc. to 24,758 Common Stock shares after the transaction.

How many PECO shares does Elizabeth Fischer hold after this restricted stock grant?

After the grant, Elizabeth Fischer directly holds 24,758 shares of Common Stock. This number includes the newly awarded 2,901 restricted shares, which are subject to vesting conditions tied to time and continued service on the Phillips Edison & Company, Inc. board.

What are the vesting terms of Elizabeth Fischer’s 2,901 restricted PECO shares?

The 2,901 restricted shares 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 previous year’s meeting, provided Elizabeth Fischer continues her service through the applicable vesting date.

Did Elizabeth Fischer buy PECO shares on the open market in this Form 4?

No, the Form 4 shows a grant of 2,901 restricted Common Stock shares at a price of $0.00 per share. This is a compensation-related award, not an open-market purchase or sale, and reflects director equity compensation at Phillips Edison & Company, Inc.

What transaction code was used for Elizabeth Fischer’s PECO stock award?

The transaction used code “A,” indicating a grant, award, or other acquisition. This code confirms the 2,901 PECO restricted shares were received as a compensation grant rather than bought or sold in the market, and are held directly by Elizabeth Fischer following the transaction.