Form 4: Phillips Edison & Company Director, Leslie T Chao, Reports Acquisition of Common Stock

Director Leslie T Chao reports acquisition of 3,290 shares of Phillips Edison & Company, Inc. common stock and indirect ownership of 191.615 shares through a spouse.

Summary

• Leslie T Chao, a director of Phillips Edison & Company, Inc. (PECO), filed a Form 4 to report changes in beneficial ownership.
• On May 1, 2025, Chao acquired 3,290 shares of common stock, granted as restricted stock, at a price of $0.
• These shares will vest 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, contingent upon continued service.
• Chao also indirectly owns 191.615 shares of common stock through a spouse, which includes 2.615 shares acquired under the Issuer's dividend reinvestment plan.
• Following the reported transactions, Chao directly owns 52,080 shares of common stock.

Sentiment

Score: 6

Explanation: The sentiment is neutral. It's a routine filing indicating a director's stock acquisition, which can be seen as a positive but doesn't necessarily indicate a major shift in the company's prospects.

Positives

• The acquisition of shares by a director can be seen as a positive sign, indicating confidence in the company's future.

Future Outlook

The restricted common stock will vest on the earlier of (i) the first anniversary of the date of grant, or (ii) on 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 through the applicable vesting date.

Industry Context

Form 4 filings are a routine part of corporate governance, providing transparency into the transactions of company insiders. This filing indicates a director's continued investment in the company.

Stakeholder Impact

• The acquisition of shares by a director could positively influence shareholder sentiment.

Key Dates

Keywords

Form 4, beneficial ownership, Phillips Edison & Company, PECO, Leslie T Chao, common stock, director, restricted stock, dividend reinvestment plan