Phillips Edison & Company (PECO) Proxy filing summary

Executive summary

• Annual Meeting scheduled for May 12, 2026, via webcast; record date is March 13, 2026.

• 2025 saw strong financial results: Core FFO per share grew 7% to $2.60, same-center NOI up 3.8%, and portfolio occupancy above 97%.

• $400 million in gross assets acquired in 2025, with a focus on grocery-anchored centers.

• Company emphasizes resilient cash flows, disciplined capital allocation, and a solid dividend yield.

Voting matters and shareholder proposals

• Proposals: (1) Election of 10 directors, (2) Advisory vote on executive compensation, (3) Ratification of Deloitte & Touche LLP as auditor.

• Board recommends voting FOR all proposals.

• Majority voting standard applies for director elections; say-on-pay and auditor ratification require majority of votes cast.

• Shareholder proposals for 2027 must be submitted by November 23, 2026.

Board of directors and corporate governance

• Board consists of 10 members, 7 of whom are independent; all committees are fully independent.

• Annual election of all directors; no classified board without shareholder approval.

• Lead Independent Director structure in place; regular executive sessions held.

• Stock ownership policy requires directors and NEOs to meet equity thresholds within five years.

• Board committees: Audit, Compensation, and Nominating & Governance, each with defined responsibilities and annual self-assessments.

• Succession planning and director refreshment processes are active.