Vanguard Capital Management Acquires 5.35% Stake in Phillips Edison & Co Inc

Vanguard Capital Management LLC filed a Schedule 13G on April 30, 2026, reporting a new 5.35% ownership stake in Phillips Edison & Co Inc (PECO). As of the event date on March 31, 2026, Vanguard beneficially owns 6,739,554 shares of common stock. The filing indicates that Vanguard holds sole dispositive power over all 6,739,554 shares, while maintaining sole voting power over 1,044,260 shares. This position represents a significant increase from a previous 0% holding, crossing the 5% disclosure threshold. The securities were acquired in the ordinary course of business and are not held for the purpose of influencing or changing the control of the issuer. The reporting entity includes various affiliates such as Vanguard Asset Management Limited and Vanguard Global Advisers, LLC. No other single person's interest in the reported securities exceeds 5% of the total shares outstanding.