Catalysis of the reaction: [protein]-C-terminal L-amino acid-glycyl-phosphatidylethanolamide + H2O = [protein]-C-terminal L-amino acid-glycine + a 1,2-diacyl-sn-glycero-3-phosphoethanolamine. An example of this reaction is the removal of ATG8 from membranes to which it is covalently linked to a phosphatidylethanolamid via its terminal glycine residue. [PMID:22240591, PMID:22652539, PMID:28330855, PMID:2882172, PMID:28901328]
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M5: Ontology GO: Gene Ontology GO:MF: GO Molecular Function