The logo there is a smart object created from the logo.ai file. You can’t edit a vector smart object in Photoshop (other than adjusting its size and applying layer effects to it).
To edit the actual logo itself, you’d need to open up logo.ai in Adobe Illustrator. Then, from your Illustrator canvas, you’d drag the logo to Photoshop and now it becomes a smart object you can use in Photoshop.
