−Removed: UNREGISTERED SALES OF EQUITY SECURITIES, USE OF PROCEEDS, AND ISSUER PURCHASES OF EQUITY SECURITIES
−Removed: UNREGISTERED SALE OF SECURITIES —During the three months ended September 30, 2024, we issued an aggregate of approximately 156,000 shares of common stock in redemption of approximately 156,000 ownership units of Phillips Edison Grocery Center Operating Partnership I, L.P.
+Added: UNREGISTERED SALES OF EQUITY SECURITIES AND USE OF PROCEEDS
+Added: UNREGISTERED SALE OF SECURITIES —During the three months ended March 31, 2025, we issued an aggregate of approximately 226,000 shares of common stock in redemption of approximately 226,000 ownership units of Phillips Edison Grocery Center Operating Partnership I, L.P.
These shares of common stock were issued in reliance on an exemption from registration under Section 4(a)(2) of the Securities Act of 1933, as amended.
We relied on the exemption under Section 4(a)(2) based upon factual representations received from the limited partners who received the shares of common stock.
−Removed: SHARE REPURCHASES —On August 3, 2022, our Board of Directors approved a new share repurchase program of up to $250 million of common stock.
+Added: SHARE REPURCHASES —We have a share repurchase program approved by our Board of Directors of up to $250 million of common stock.
The program may be suspended or discontinued at any time, and does not obligate us to repurchase any dollar amount or particular number of shares.
No share repurchases have been made to date under this program.
−Removed: The table below summarizes repurchases of our common stock made during the three months ended September 30, 2024:
+Added: The table below summarizes repurchases of our common stock made during the three months ended March 31, 2025:
Period Total Number of Shares Purchased Average Price Paid per Share Total Number of Shares Purchased as Part of a Publicly Announced Plan or Program Approximate Dollar Value of Shares That May Yet Be Purchased Under the Plan or Program (in thousands)
−Removed: July 1, 2024 -
−Removed: July 31, 2024 (1)
+Added: January 1, 2025 -
+Added: January 31, 2025 (1)
8,170 $ 37.09 — $ 250,000
−Removed: August 1, 2024 -
−Removed: August 31, 2024 — — — 250,000
−Removed: September 1, 2024 -
−Removed: September 30, 2024 — — — 250,000
+Added: February 1, 2025 -
+Added: February 28, 2025 — — — 250,000
+Added: March 1, 2025 -
+Added: March 31, 2025 (1)
+Added: 18,756 37.20 — 250,000
(1) Represents common shares surrendered to us to satisfy statutory minimum tax withholding obligations associated with the vesting of restricted stock awards under our equity-based compensation plan.
DEFAULTS UPON SENIOR SECURITIES
−Removed: MINE SAFETY DISCLOSURES
PHILLIPS EDISON & COMPANY
−Removed: SEPTEMBER 30, 2024 FORM 10-Q
+Added: MARCH 31, 2025 FORM 10-Q
+Added: MINE SAFETY DISCLOSURES
Compared sentence by sentence after normalising whitespace, quotation marks, case and digits, so re-formatting and restated figures do not read as changed language. Wording changes appear as one removal and one addition. The current filing and the prior one are authoritative.