Form 4: Parilee Edison Wang Reports Changes in Beneficial Ownership of Phillips Edison & Company, Inc. Securities

Director Parilee Edison Wang reports transactions involving Class B Units and OP Units of Phillips Edison & Company, Inc., including vesting and grants.

Summary

• Parilee Edison Wang, a director of Phillips Edison & Company, Inc. (PECO), filed a Form 4 detailing changes in beneficial ownership.
• The transactions involve Class B Units and OP Units in Phillips Edison Grocery Center Operating Partnership I, L.P. (PECO OP).
• On April 30, 2025, 3,364 Class B Units vested and were converted into an equal number of OP Units.
• Also on April 30, 2025, Wang acquired 3,364 OP Units as a result of the Class B Unit conversion.
• On May 1, 2025, Wang was granted 3,290 Class B Units.
• The Class B Units vest in full on the earlier of the first anniversary of the grant date or 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.

Sentiment

Score: 5

Explanation: The document is a standard regulatory filing detailing transactions by a company insider. It doesn't inherently convey positive or negative sentiment.

Future Outlook

The document does not contain specific forward-looking statements, but it does detail the vesting schedule for the newly granted Class B Units.

Industry Context

Form 4 filings are standard disclosures for corporate insiders and provide transparency into their transactions in the company's securities.

Stakeholder Impact

• The transactions may have a minor impact on shareholders due to the potential dilution from the conversion of OP Units into common stock.

Key Dates

Keywords

Form 4, Beneficial Ownership, Phillips Edison & Company, PECO, Parilee Edison Wang, Class B Units, OP Units, Vesting, Director