Item 5.02 Departure of Directors or Certain Officers; Election of Directors; Appointment of Certain Officers; Compensatory Arrangements of Certain Officers

(b) Director Resignation

On March 22, 2023, Paul J. Massey, Jr. resigned as a member of the Board of Directors (the "Board") of Phillips Edison & Company, Inc. (the "Company") and all other positions he held as a member of any committee of the Board. Mr. Massey's resignation was not due to any disagreement with the Company on any matter relating to the Company's operations, policies or practices. On March 22, 2023, the Board decreased the size of the Board from eight to seven members.

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