Devin Ignatius Murphy - 04 Feb 2026 Form 4 Insider Report for Phillips Edison & Company, Inc. (PECO)

Role: Director
Signature: /s/ Jennifer Robison, Attorney-in-Fact
Issuer symbol: PECO
Transactions as of: 04 Feb 2026
Net transactions value: $0
Form type: 4
Filing time: 06 Feb 2026, 16:30:47 UTC
Previous filing: 04 Jun 2025
Next filing: 19 Feb 2026
SEC: View on sec.gov

Reporting Owners (1)

Name	Relationship	Address	Signature	Signature date	CIK
Murphy Devin Ignatius	Director	11501 NORTHLAKE DRIVE, CINCINNATI	/s/ Jennifer Robison, Attorney-in-Fact	06 Feb 2026	0001440186

Derivative Securities (e.g., puts, calls, warrants, options, convertible securities)

Type	Sym	Class	Transaction	Value $	Shares	Change %	* Price $	Shares After	Date	Underlying Class	Amount	Exercise Price	Ownership	Footnotes
transaction	PECO	Class C Units	Options Exercise	$0	-2,198	-100%	$0.000000	0	04 Feb 2026	Common Stock	2,198		Direct	F1, F2
transaction	PECO	OP Units	Options Exercise	$0	+2,198	+0.68%	$0.000000	326,297	04 Feb 2026	Common Stock	2,198		Direct	F1, F2
transaction	PECO	OP Units	Award	$0	+15,543	+4.8%	$0.000000	341,840	04 Feb 2026	Common Stock	15,543		Direct	F1, F3
transaction	PECO	Class B Units	Award	$0	+1,151		$0.000000	1,151	04 Feb 2026	Common Stock	1,151		Direct	F1, F5
holding	PECO	OP Units						378,488	04 Feb 2026	Common Stock	378,488		By DJM Investments LLC	F1, F4
holding	PECO	OP Units						64,000	04 Feb 2026	Common Stock	64,000		LLC held by Family Member's Trust	F1, F4

* An asterisk sign (*) next to the price indicates that the price is likely invalid.

Explanation of Responses:

Id	Content
F1	Limited partnership interests ("OP Units") in Phillips Edison Grocery Center Operating Partnership I, L.P., a Delaware limited partnership ("PECO OP") are exchangeable, at the election of the holder, for cash equal to the fair market value of one share of the Issuer's Common Stock or, at the option of PECO OP, shares of the Issuer's Common Stock on a one-for-one basis, and have no expiration date and are not subject to vesting.
F2	Represents the conversion to OP Units of vested and earned Class C Units of limited partnership interests ("Class C Units") in PECO OP, previously issued as long term incentive compensation pursuant to the Issuer's equity based compensatory programs. At issuance, the Class C Units did not have full parity with the OP Units, but upon the occurrence of certain events described in PECO OP's partnership agreement, based upon capital account balance per unit, could over time achieve full parity with the OP Units for all purposes. Having achieved full parity with the OP Units, the Class C Units were converted into an equal number of OP Units. The Class C Units have no expiration date.
F3	Represents OP Units earned based upon the Issuer's achievement of performance metrics under the 2023-2025 Performance-Based LTIP Units.
F4	Mr. Murphy disclaims beneficial ownership of these shares except to the extent of any pecuniary interest therein.
F5	Represents vested Class B Units of limited partnership interests ("Class B Units") in PECO OP issued in lieu of cash dividends accrued on the earned 2023-2025 Performance-Based LTIP Units. At issuance, the Class B Units do not have full parity with the OP Units, but upon achieving parity with the OP Units under the PECO OP's partnership agreement, based upon capital account balance per unit, the vested Class B Units convert to OP Units on a one-for-one basis. The Class B Units have no expiration date.