Form 4: Phillips Edison & Company Chairman and CEO Jeffrey Edison Reports Changes in Beneficial Ownership
SEC Form 4 Filing
Jeffrey Edison, Chairman and CEO of Phillips Edison & Company, reports changes in beneficial ownership of OP Units exchangeable for common stock, with transactions occurring on May 2, 2024.
Summary
- Jeffrey Edison, Chairman and CEO of Phillips Edison & Company, filed a Form 4 detailing changes in his beneficial ownership of the company's securities.
- The transactions occurred on May 2, 2024, and involve OP Units in Phillips Edison Grocery Center Operating Partnership I, L.P. (PECO OP), which are exchangeable for shares of Phillips Edison & Company common stock.
- Edison reported gifting 2,128,500 OP Units, resulting in a direct holding of 1,227,437.331 OP Units.
- He also reported gifting 21,500 OP Units from Sprinkles Trust LLC.
- Indirect holdings are held through various trusts and entities, including Sprinkles Trust LLC, Spouse's Family Trust, Jeffrey Edison Family Trust, Edison Properties LLC, Edison Family Trust, Edison Ventures Trust, Old 97, Inc, Spouse's Trust and Father's Trust.
- Edison disclaims beneficial ownership of shares held by these entities except to the extent of any pecuniary interest.
Sentiment
Score: 5
Explanation: The document is a standard SEC filing regarding changes in beneficial ownership. It doesn't inherently convey positive or negative sentiment, but rather provides factual information.
Management Comments
- Mr. Edison disclaims beneficial ownership of these shares except to the extent of any pecuniary interest therein.
Industry Context
This filing is a routine disclosure of changes in beneficial ownership by a company insider, as required by the SEC. It provides transparency to investors regarding the holdings and transactions of key company personnel.
Stakeholder Impact
- The filing provides transparency to shareholders regarding the ownership structure and transactions of company insiders.
- It may influence investor perception of management's alignment with shareholder interests.
Key Dates
| Date | Description |
|---|---|
| 05/02/2024 | Date of earliest transaction (gifting of OP Units) |
| 05/06/2024 | Date of signature by Attorney-in-Fact |
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