Form 4 for PECO Phillips Edison & Company, Inc.
Accepted 2024-01-03 00:00:00 ET · period of report 2023-12-31 · accession 0001476204-24-000002 · SEC index · Original document
Summary rows
Aggregated the way they appear in lists: one row per insider, transaction code and security table.
| X | Filed | Traded | Ticker | Insider | Title | Type | Price | Qty | Owned | ΔOwn | Value |
|---|---|---|---|---|---|---|---|---|---|---|---|
| DM | 2024-01-03 | 2023-12-31+ | PECO | Caulfield John P | CFO, EVP, Treas | F - Tax | $36.48 | -1,866 | 22.3K | -8% | -$68.1K |
| DM | 2024-01-03 | 2024-01-01 | PECO | Caulfield John P | CFO, EVP, Treas | M - OptEx | $0.00 | 0 | 21.9K | New | $0 |
Purchase Sale Sale after option exercise All abbreviations
Every reported transaction
| # | Table | Security | Date | Code | A/D | Shares | Price | Owned after | Own | Exercise / expiry | Underlying | Footnotes |
|---|---|---|---|---|---|---|---|---|---|---|---|---|
| 1 | Common | Common Stock | 2023-12-31 | F | D | 1,459 | $36.48 | 22,733 | D | — | — | |
| 2 | Common | Common Stock | 2024-01-01 | F | D | 407 | $36.48 | 22,326 | D | — | — | |
| 3 | Derivative | Class B Units | 2024-01-01 | M | D | 1,257 | $0.00 | 1,258 | D | — · — to — | 1,257 Common Stock | (F5) 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 January 1, 2025. (F4) 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. (F3) Represents the vesting 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"), 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 common units of limited partnership interest in PECO OP ("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. |
| 4 | Derivative | OP Units | 2024-01-01 | M | A | 1,257 | $0.00 | 21,853 | D | — · — to — | 1,257 Common Stock | (F4) 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. |