Welcome to our dedicated page for Phillips Edison & Company SEC filings (Ticker: PECO), a comprehensive resource for investors and traders seeking official regulatory documents including 10-K annual reports, 10-Q quarterly earnings, 8-K material events, and insider trading forms.
Phillips Edison & Company filings document the financial reporting, capital structure and governance of a retail real estate company focused on grocery-anchored shopping centers. Its Form 8-K filings frequently furnish quarterly and annual results, supplemental disclosures, business-performance commentary, earnings guidance, and Regulation FD materials tied to its REIT operating metrics.
PECO’s regulatory record also covers dividend and distribution approvals for common stockholders and operating partnership unit holders, public debt activity through Phillips Edison Grocery Center Operating Partnership I, L.P., senior unsecured note guarantees, restrictive covenant disclosures, and proxy matters including shareholder voting, board governance and executive compensation.
Phillips Edison & Company, Inc. (PECO) is asking stockholders to vote at its 2026 virtual annual meeting on May 12, 2026 to elect ten directors, approve an advisory vote on executive pay, and ratify its independent auditor.
The company highlights 2025 performance, including Core FFO per share of $2.60, up 7.0% year-over-year, same-center NOI growth of 3.8%, leased portfolio occupancy above 97%, and approximately $400 million of acquisitions. It emphasizes its grocery-anchored strategy, with 324 centers totaling 36.7 million square feet across 31 states.
The proxy describes a board with seven of ten directors independent, a combined CEO/Chairman and a Lead Independent Director, fully independent key committees, and a strong governance and sustainability framework. Executive compensation is heavily performance-based, tied to Adjusted FFO per share, same-center NOI growth, and relative total shareholder return, with about 97% stockholder support for say-on-pay in 2025.
Phillips Edison & Company EVP, GC & Secretary Tanya Brady reported multiple equity compensation transactions involving partnership units. She received a grant of 5,397 Class B Units in Phillips Edison Grocery Center Operating Partnership I, L.P. under the company’s long-term incentive plan, with the units vesting in four equal annual installments, subject to continued service.
Several blocks of previously granted Class B Units vested and, after achieving full parity with common OP Units, were converted into equal numbers of OP Units, including a 4,306-unit conversion. According to the terms, OP Units are exchangeable at the holder’s election for cash equal to the fair market value of one common share or, at the operating partnership’s option, for common shares on a one-for-one basis, and have no expiration date.
Phillips Edison & Company, Inc. reported that its CFO, EVP & Treasurer John P. Caulfield acquired equity-based awards tied to the company’s operating partnership. He received a grant of 12,016 Class B Units in Phillips Edison Grocery Center Operating Partnership I, L.P. under the long term incentive plan, vesting in four equal annual installments, subject to continued service.
Additional transactions reflect the exercise and conversion of previously granted Class B Units into OP Units, including 8,588 OP Units and a further 838.883 OP Units. OP Units are exchangeable at the holder’s election for cash equal to the fair market value of one share of common stock or, at the partnership’s option, one share of common stock on a one-for-one basis.
Phillips Edison & Company, Inc. President Robert F. Myers reported multiple equity-related transactions involving partnership interests on March 1, 2026. He received a grant of 13,238 Class B Units in Phillips Edison Grocery Center Operating Partnership I, L.P. under the company’s long term incentive plan. These Class B Units generally vest in annual installments over several years, with specific tranches scheduled to vest between March 1, 2027 and March 1, 2029, subject to continued service.
The filing also shows several exercises and conversions of previously granted Class B Units into OP Units, including transactions involving 2,811, 2,770, 3,379, 3,360, and 1,149.261 Class B Units, as well as corresponding issuances of 12,320 and 1,149.261 OP Units. According to the disclosure, OP Units 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.
Phillips Edison & Company, Inc. Chief Accounting Officer and SVP Jennifer L. Robison received an award of 3,564 shares of common stock in the form of restricted stock units that vest in four equal annual installments, subject to continued service. She also surrendered 891 shares at $39.28 per share to cover tax liabilities upon vesting, leaving her with 36,010 shares of common stock held directly.
Phillips Edison & Company, Inc. executive Joseph Schlosser, EVP and Chief Operating Officer, reported several equity compensation-related transactions. He received a grant of 6,110 Class B Units in Phillips Edison Grocery Center Operating Partnership I, L.P. under the long term incentive plan. These Class B Units vest in four equal annual installments on each anniversary of the grant date, subject to continued service, and may over time achieve parity with OP Units and then convert into an equal number of OP Units.
The filing also shows the vesting and conversion of 1,344 Class B Units into 1,344 OP Units, and that OP Units are exchangeable, at the holder’s election, for cash equal to the fair market value of one share of common stock or, at the option of the operating partnership, one share of common stock on a one-for-one basis. In connection with the vesting of earned restricted stock units, 633 shares of common stock were surrendered at $39.28 per share to cover tax liabilities, leaving Schlosser with 25,218 common shares held directly.
Phillips Edison & Company, Inc. Chairman and CEO Jeffrey Edison reported equity-based awards and related conversions in the operating partnership on March 1, 2026. He received a grant of 45,570 Class B Units in Phillips Edison Grocery Center Operating Partnership I, L.P. under the long-term incentive plan at a price of $0.00 per unit. These Class B Units vest in four equal annual installments on each anniversary of the grant date, subject to continued service, and may convert into OP Units once they achieve full parity.
On the same date, previously granted Class B Units that had vested and achieved parity were converted into OP Units through multiple derivative exercises, including 9,135, 9,003, 10,782, and 10,752 Class B Units converting into an equal number of OP Units, as well as 39,672 and 4,480.621 Class B Units converting into OP Units. OP Units are exchangeable, at the holder’s election, for cash equal to the fair market value of one share of common stock or, at the partnership’s option, shares of common stock on a one-for-one basis.
Separate indirect holdings tables show OP Units held by entities such as Sprinkles Trust LLC, Junebug Trust I, LLC, and various family trusts, with balances including 2,150,000 and 2,020,000 OP Units. These are held by those entities, with Mr. Edison having shared voting and dispositive power and disclaiming beneficial ownership except to the extent of his pecuniary interest.
Phillips Edison & Company, Inc. director Devin Ignatius Murphy reported the conversion of 1,150.726 Class B Units into an equal number of OP Units on March 1, 2026. These OP Units are exchangeable at the holder’s election for cash equal to the fair market value of one share of common stock or, at PECO OP’s option, one share of common stock on a one-for-one basis.
The Class B Units had been granted as long-term incentive compensation and achieved full parity with OP Units before converting. After the transaction, Murphy directly holds 342,990.275 OP Units and has additional indirect OP Unit holdings through DJM Investments LLC and an LLC held by a family member’s trust, for which he disclaims beneficial ownership except to the extent of any pecuniary interest.
Phillips Edison & Company, Inc., through its subsidiary Phillips Edison Grocery Center Operating Partnership I, L.P., completed an underwritten public offering of $350 million aggregate principal amount of 4.750% Senior Notes due 2033. The Notes are senior unsecured obligations of the Issuer and are fully and unconditionally guaranteed by the company.
The Notes bear interest at 4.750% per year, payable on March 15 and September 15, starting September 15, 2026, with a final maturity on March 15, 2033. The underwriters purchased the Notes at 99.295% of principal amount. The indenture includes restrictive covenants limiting additional indebtedness and requiring a minimum level of unencumbered assets.
Estimated net proceeds are about $346.5 million, which the Issuer intends to use for general corporate purposes such as repaying borrowings under its revolving credit facility and term loans, refinancing other indebtedness, acquiring additional properties, funding capital expenditures and redevelopments, and working capital, with interim investment in short-term securities.