03/03/2026 | Press release | Distributed by Public on 03/03/2026 15:37
|
FORM 4
|
UNITED STATES SECURITIES AND EXCHANGE COMMISSION Washington, D.C. 20549 STATEMENT OF CHANGES IN BENEFICIAL OWNERSHIP OF SECURITIES Filed pursuant to Section 16(a) of the Securities Exchange Act of 1934 or Section 30(h) of the Investment Company Act of 1940 |
|
|
|||||||||||||||||||||||||||||
|
|||||||||||||||||||||||||||||
| Reminder: Report on a separate line for each class of securities beneficially owned directly or indirectly. | |||
| 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 control number. | SEC 1474 (9-02) | ||
|
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 Underlying Securities (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 of Derivative Security: 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 | ||||||||
| Class B Units | (1)(2) | 03/01/2026 | A(1) | 45,570 | (2)(3) | (1)(2) | Common Stock | 45,570 | $ 0 | 45,570(3) | D | ||||
| Class B Units | (2)(4) | 03/01/2026 | M(4) | 9,135 | (2)(4) | (2)(4) | Common Stock | 9,135 | $ 0 | 0 | D | ||||
| Class B Units | (2)(4) | 03/01/2026 | M(4) | 9,003 | (2)(5) | (2)(4) | Common Stock | 9,003 | $ 0 | 9,003(5) | D | ||||
| Class B Units | (2)(4) | 03/01/2026 | M(4) | 10,782 | (2)(6) | (2)(4) | Common Stock | 10,782 | $ 0 | 21,564(6) | D | ||||
| Class B Units | (2)(4) | 03/01/2026 | M(4) | 10,752 | (2)(7) | (2)(4) | Common Stock | 10,752 | $ 0 | 32,259(7) | D | ||||
| OP Units | (2)(4) | 03/01/2026 | M(4) | 39,672 | (2) | (2) | Common Stock | 39,672 | $ 0 | 129,226.699 | D | ||||
| Class B Units | (2)(8) | 03/01/2026 | M(8) | 4,480.621 | (2)(8) | (2)(8) | Common Stock | 4,480.621 | $ 0 | 0 | D | ||||
| OP Units | (2)(8) | 03/01/2026 | M(8) | 4,480.621 | (2) | (2) | Common Stock | 4,480.621 | $ 0 | 133,707.32 | D | ||||
| OP Units | (2) | (2) | (2) | Common Stock | 2,150,000 | 2,150,000(9) | I | By Sprinkles Trust LLC | |||||||
| OP Units | (2) | (2) | (2) | Common Stock | 2,020,000 | 2,020,000(9) | I | By Junebug Trust I, LLC | |||||||
| OP Units | (2) | (2) | (2) | Common Stock | 1,814,405.871 | 1,814,405.871(9) | I | By Jeffrey Edison Family Trust | |||||||
| OP Units | (2) | (2) | (2) | Common Stock | 1,134,215.303 | 1,134,215.303(9) | I | By Edison Properties LLC | |||||||
| OP Units | (2) | (2) | (2) | Common Stock | 458,893.389 | 458,893.389(9) | I | By Spouse's Family Trust | |||||||
| OP Units | (2) | (2) | (2) | Common Stock | 431,233.177 | 431,233.177(9) | I | By Edison Family Trust | |||||||
| OP Units | (2) | (2) | (2) | Common Stock | 330,666.876 | 330,666.876(9) | I | By Edison Ventures Trust | |||||||
| OP Units | (2) | (2) | (2) | Common Stock | 276,927.452 | 276,927.452(9) | I | By Old 97, Inc | |||||||
| OP Units | (2) | (2) | (2) | Common Stock | 211,265.707 | 211,265.707(9) | I | By Spouse's Trust | |||||||
| OP Units | (2) | (2) | (2) | Common Stock | 60,583.377 | 60,583.377(9) | I | By Father's Trust | |||||||
| Reporting Owner Name / Address | Relationships | |||
| Director | 10% Owner | Officer | Other | |
|
Edison Jeffrey 11501 NORTHLAKE DRIVE CINCINNATI, OH 45249 |
X | Chairman and CEO | ||
| /s/ Jennifer Robison, Attorney-in-Fact | 03/03/2026 | |
| **Signature of Reporting Person | Date |
| * | 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). |
| (1) | Represents the grant of Class B Units of limited partnership interests ("Class B Units") in Phillips Edison Grocery Center Operating Partnership I, L.P., a Delaware limited partnership ("PECO OP"), under the Issuer's long term incentive plan. The Class B Units vest in four equal annual installments on the anniversary of the date of grant, subject to continued service. At issuance, the Class B Units do not have full parity with common units of limited partnership interest in PECO OP ("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. |
| (2) | OP Units 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. |
| (3) | Represents the grant of Class B Units that vest in four equal annual installments on the anniversary of the date of grant, subject to continued service with the Company. |
| (4) | Represents the vesting of Class B Units in PECO OP, previously issued as long term incentive compensation pursuant to the Issuer's equity based compensatory programs. At issuance, the Class B Units were subject to vesting, and did not have full parity with OP Units, 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, having previously achieved full parity with OP Units, the Class B Units were converted into an equal number of OP Units. The Class B Units have no expiration date. |
| (5) | Represents the total Class B Units that have the same grant date, vesting provisions and other terms. These Class B Units will vest in full on March 1, 2027, subject to continued service with the Company. |
| (6) | Represents the total Class B Units that have the same grant date, vesting provisions and other terms. These Class B Units will vest in increments of 10,782 units on March 1, 2027, and March 1, 2028, subject to continued service with the Company. |
| (7) | Represents the total Class B Units that have the same grant date, vesting provisions and other terms. These Class B Units will vest in increments of 10,753 units on March 1, 2027, March 1, 2028, and March 1, 2029, subject to continued service with the Company. |
| (8) | Represents the conversion to OP Units of vested and earned Class B Units in PECO OP, previously issued as long term incentive compensation pursuant to the Issuer's equity based compensatory programs. At issuance, the Class B Units did not have full parity with the OP Units, 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. Having achieved full parity with the OP Units, the Class B Units were converted into an equal number of OP Units. The Class B Units have no expiration date. |
| (9) | 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. |