Form 4: Phillips Edison & Company Executive Tanya Brady Reports Changes in Beneficial Ownership

Tanya Brady, EVP, GC & Secretary of Phillips Edison & Company, reports the grant and vesting of Class B Units and their conversion to OP Units, impacting her beneficial ownership.

Summary

• On March 1, 2025, Tanya Brady, EVP, GC & Secretary of Phillips Edison & Company, reported transactions involving Class B Units and OP Units.
• She was granted 5,032 Class B Units under the Issuer's long-term incentive plan, which vest in equal annual installments over four years starting March 1, 2026.
• Additionally, several tranches of Class B Units vested and were converted into OP Units: 624 units, 1,184 units, and 1,239 units.
• Brady also vested in 3,047 OP Units.
• Following these transactions, Brady directly owns 52,251.603 OP Units.

Sentiment

Score: 5

Explanation: The document is a standard regulatory filing detailing executive compensation. It doesn't inherently convey positive or negative sentiment.

Future Outlook

The Class B Units granted will continue to vest in the future, subject to continued service with the company.

Industry Context

This filing is a routine disclosure related to executive compensation and equity ownership, common in publicly traded companies. It reflects the company's long-term incentive plan to align executive interests with shareholder value.

Comparison to Industry Standards

• Equity compensation is a standard practice in publicly traded companies like Phillips Edison & Company.
• Companies such as Simon Property Group (SPG), Kimco Realty (KIM), and Regency Centers (REG) also utilize equity-based compensation plans for their executives.
• The vesting schedules and types of equity grants (e.g., restricted stock units, performance shares) are generally comparable across the REIT sector.

Stakeholder Impact

• The vesting of equity awards aligns executive interests with those of shareholders.
• The long-term incentive plan is designed to retain and motivate key personnel.

Key Dates