Phillips Edison & Company, Inc. DEF 14A Filing

Ticker: PECO · Form: DEF 14A · Filed: Mar 21, 2024 · CIK: 1476204

Phillips Edison & Company, INC. DEF 14A Filing Summary
FieldDetail
CompanyPhillips Edison & Company, INC. (PECO)
Form TypeDEF 14A
Filed DateMar 21, 2024
Risk Levellow
Pages15
Reading Time18 min
Key Dollar Amounts$100
Sentimentneutral

Sentiment: neutral

Topics: DEF 14A, Phillips Edison, Corporate Governance, Executive Compensation, REIT

TL;DR

<b>Phillips Edison & Company, Inc. filed its DEF 14A on March 21, 2024, detailing its fiscal year ending December 31, 2023.</b>

AI Summary

Phillips Edison & Company, Inc. (PECO) filed a Proxy Statement (DEF 14A) with the SEC on March 21, 2024. Phillips Edison & Company, Inc. filed a DEF 14A on March 21, 2024. The filing covers the period ending December 31, 2023. The company's principal business address is 11501 Northlake Drive, Cincinnati, OH 45249. Phillips Edison & Company, Inc. was formerly known as Phillips Edison Grocery Center REIT I, Inc. The SIC code for the company is 6798 (Real Estate Investment Trusts).

Why It Matters

For investors and stakeholders tracking Phillips Edison & Company, Inc., this filing contains several important signals. This filing provides crucial information about executive compensation, director elections, and other corporate governance matters for Phillips Edison & Company, Inc. Investors and stakeholders can use this document to understand the company's financial performance, executive pay structures, and strategic decisions for the reporting period.

Risk Assessment

Risk Level: low — Phillips Edison & Company, Inc. shows low risk based on this filing. The filing is a routine DEF 14A, which is a standard disclosure for public companies regarding annual meetings and related matters, indicating no immediate or unusual risks.

Analyst Insight

Review the executive compensation details and director nominations to assess alignment with shareholder interests and company performance.

Key Numbers

Key Players & Entities

FAQ

When did Phillips Edison & Company, Inc. file this DEF 14A?

Phillips Edison & Company, Inc. filed this Proxy Statement (DEF 14A) with the SEC on March 21, 2024.

What is a DEF 14A filing?

A DEF 14A is a definitive proxy statement sent to shareholders before annual meetings, covering executive compensation, board nominations, and shareholder votes. This particular DEF 14A was filed by Phillips Edison & Company, Inc. (PECO).

Where can I read the original DEF 14A filing from Phillips Edison & Company, Inc.?

You can access the original filing directly on the SEC's EDGAR system. The filing is publicly available and includes all exhibits and attachments submitted by Phillips Edison & Company, Inc..

What are the key takeaways from Phillips Edison & Company, Inc.'s DEF 14A?

Phillips Edison & Company, Inc. filed this DEF 14A on March 21, 2024. Key takeaways: Phillips Edison & Company, Inc. filed a DEF 14A on March 21, 2024.. The filing covers the period ending December 31, 2023.. The company's principal business address is 11501 Northlake Drive, Cincinnati, OH 45249..

Is Phillips Edison & Company, Inc. a risky investment based on this filing?

Based on this DEF 14A, Phillips Edison & Company, Inc. presents a relatively low-risk profile. The filing is a routine DEF 14A, which is a standard disclosure for public companies regarding annual meetings and related matters, indicating no immediate or unusual risks.

What should investors do after reading Phillips Edison & Company, Inc.'s DEF 14A?

Review the executive compensation details and director nominations to assess alignment with shareholder interests and company performance. The overall sentiment from this filing is neutral.

How does Phillips Edison & Company, Inc. compare to its industry peers?

Phillips Edison & Company, Inc. operates as a real estate investment trust (REIT) focused on grocery-anchored shopping centers.

Are there regulatory concerns for Phillips Edison & Company, Inc.?

As a publicly traded company, Phillips Edison & Company, Inc. is subject to SEC regulations and disclosure requirements, including the filing of DEF 14A for annual meetings.

Industry Context

Phillips Edison & Company, Inc. operates as a real estate investment trust (REIT) focused on grocery-anchored shopping centers.

Regulatory Implications

As a publicly traded company, Phillips Edison & Company, Inc. is subject to SEC regulations and disclosure requirements, including the filing of DEF 14A for annual meetings.

What Investors Should Do

  1. Analyze the proxy statement for proposals to be voted on at the annual meeting.
  2. Examine the compensation of named executive officers and the rationale behind it.
  3. Review the background and qualifications of director nominees.

Key Dates

Year-Over-Year Comparison

This is a DEF 14A filing, which is a standard disclosure document for annual meetings and does not inherently represent a change from previous filings in terms of its purpose, but provides updated information for the current reporting period.

Filing Stats: 4,565 words · 18 min read · ~15 pages · Grade level 13.5 · Accepted 2024-03-21 16:07:23

Key Financial Figures

Filing Documents

Executive Compensation Objectives and Philosophy

Executive Compensation Objectives and Philosophy 33 2023 Say-on-Pay Results 34 Elements of Executive Compensation 34 Compensation Committee R eport 44

Executive Compensation Table s

Executive Compensation Table s 45 CEO Pay Ratio 50 Pay Versus Performance 51 Proposal 2 - Advisory R es olution t o Approve Executive Compensation 54 Proposal 3 - Advisory Vote on the Frequency of Future Say-on-Pay Votes 56 Proposal 4 - Ratification of Appointment of Independent Registered Public Accounting Firm 57 Audit Fees 57 Report of the Audit C ommittee 59 Securities Authorized for Issuance Under Equity Compensation P lans 60 Beneficial Ownership of Common St ock 60 Related Party Transactions 62 Stockholder Proposals and Director Nominations - 2025 Annual Meeting of St ockholders 64 Frequently Asked Questions 66 ANNEX A - Non-GAAP Reconciliations 71 Cautionary Note Regarding Forward-Looking Statements Certain statements contained in this Proxy Statement, other than historical facts, may be considered forward-looking statements within the meaning of the Securities Act of 1933, as amended (the "Securities Act"), Section 21E of the Securities Exchange Act of 1934, as amended (the "Exchange Act"), and the Private Securities Litigation Reform Act of 1995 (collectively with the Securities Act and Exchange Act, the "Acts"). These forward-looking statements are based on current expectations, estimates and projections about the industry and markets in which we operate, and beliefs of, and assumptions made by, management of our Company and involve uncertainties that could significantly affect our financial results. We intend for all such forward-looking statements to be covered by the applicable safe harbor provisions for forward-looking statements contained in the Acts. Such forward-looking statements generally can be identified by the use of forward-looking terminology such as "may," "will," "can," "expect," "intend," "anticipate," "estimate," "believe," "continue," "possible," "initiatives," "focus," "seek," "objective," "goal," "strategy," "plan," "potential," "potentially," "preparing," "projected," "future," "long-term,"

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