Form 4: Phillips Edison COO Sells Shares for Tax Liability

Phillips Edison & Company's EVP, Chief Operating Officer, Joseph Schlosser, disposed of 314 shares of common stock to cover tax liabilities related to vested performance-based units.

Summary

• Joseph Schlosser, Executive Vice President and Chief Operating Officer of Phillips Edison & Company, Inc. (PECO), reported a transaction on December 31, 2025.
• The transaction involved the disposal of 314 shares of common stock at a price of $35.57 per share.
• The shares were surrendered to cover tax liability upon the vesting of earned 2022-2024 Performance-Based Long-Term Incentive Plan (LTIP) Units.
• Following this transaction, Mr. Schlosser beneficially owns 25,001 shares of common stock directly.

Sentiment

Score: 6

Explanation: The sentiment is slightly positive due to the underlying vesting of performance-based units, indicating achievement of prior goals. The subsequent sale is a routine, non-discretionary event for tax purposes and does not reflect a negative outlook.

Positives

• The underlying event for the share disposal was the vesting of 2022-2024 Performance-Based LTIP Units, indicating that performance targets were met, which is a positive for the company and its executive compensation program.

Negatives

• The transaction resulted in a slight reduction of direct insider ownership by 314 shares, though this was a non-discretionary sale for tax purposes.

Future Outlook

This Form 4 filing does not contain any forward-looking statements or guidance regarding the company's future outlook.

Industry Context

This insider transaction is a routine event related to executive compensation and tax obligations, common across various industries when performance-based equity awards vest. It does not provide specific insights into broader industry trends or competitive positioning.

Stakeholder Impact

• Shareholders: Minimal impact due to the small number of shares involved and the non-discretionary nature of the sale for tax purposes. It slightly reduces direct insider ownership.
• Employees: The vesting of LTIP units may serve as a positive signal regarding the company's performance and executive compensation structure.

Key Dates

Keywords

Phillips Edison & Company, PECO, Form 4, Insider Transaction, Executive Compensation, Stock Sale, Tax Liability, LTIP Units