Saul Centers, Inc. (BFS) amends Form 4 for 401(k) share balance
Filing Impact
Filing Sentiment
Form Type
4/A
Rhea-AI Filing Summary
Saul Centers, Inc. had an executive vice president, chief accounting officer and treasurer file an amended Form 4 for a prior transaction dated May 17, 2025. The filing corrects the reported post-transaction beneficial ownership in the company stock fund within the executive’s 401(k) plan to 4,775.57 shares of common stock, following the exempt acquisition of 27 common shares as dividend equivalents when a restricted stock award vested on that date.
The filing also lists the executive’s holdings of Series D and Series E preferred stock, multiple employee stock option grants expiring between 2026 and 2033, and performance share awards scheduled to settle in 2029 and 2030.
Positive
- None.
Negative
- None.
Insider Trade Summary
14 transactions reported
Mixed
14 txns
Insider
Friedman Joel Albert
Role
Exec VP, CAO & Treasurer
| Type | Security | Shares | Price | Value |
|---|---|---|---|---|
| Grant/Award | Common Stock | 27 | $34.39 | $928.53 |
| holding | Employee Stock Option | -- | -- | -- |
| holding | Employee Stock Option | -- | -- | -- |
| holding | Employee Stock Option | -- | -- | -- |
| holding | Employee Stock Option | -- | -- | -- |
| holding | Employee Stock Option | -- | -- | -- |
| holding | Employee Stock Option | -- | -- | -- |
| holding | Employee Stock Option | -- | -- | -- |
| holding | Employee Stock Option | -- | -- | -- |
| holding | Performance Shares | -- | -- | -- |
| holding | Performance Shares | -- | -- | -- |
| holding | Series E Preferred Stock | -- | -- | -- |
| holding | Series D Preferred Stock | -- | -- | -- |
| holding | Common Stock | -- | -- | -- |
Holdings After Transaction:
Common Stock — 4,775.57 shares (Direct);
Employee Stock Option — 10,000 shares (Direct);
Performance Shares — 1,600 shares (Direct);
Series E Preferred Stock — 200 shares (Direct);
Series D Preferred Stock — 100 shares (Direct);
Common Stock — 14,178 shares (Indirect, 401K)
Footnotes (1)
- Effective April 1, 2009, shares formerly held by the B.F. Saul Company Employees' Profit Sharing Reinvestment Trust were distributed to the individual 401(k) plan accounts of participants. The number of shares reported represents the reporting person's beneficial ownership interest in the Saul Centers stock fund of the 401(k) plan. Shares acquired in an exempt transaction as dividend equivalents on filers restricted stock award, which vested on May 17, 2025. This amendment corrects an administrative error in Column 5 of Table I in the original Form 4. The reported post-transaction beneficial ownership balance was incorrect. All transaction details in the original filing were accurate. The options vest 25% per year over four years from the date of grant.
FAQ
What insider transaction did Saul Centers (BFS) report in this Form 4/A?
The Form 4/A reports an executive acquiring 27 Saul Centers common shares as dividend equivalents. These shares were credited when a restricted stock award vested on May 17, 2025, increasing the executive’s 401(k) plan stock fund holdings.
Why did the Saul Centers (BFS) insider need to amend the original Form 4?
The amendment corrects an administrative error in the post-transaction beneficial ownership figure in Column 5 of Table I. The company states that all original transaction details were accurate; only the ending share balance needed correction.
What derivative securities are listed for the Saul Centers (BFS) executive in this filing?
The filing lists several employee stock options on Saul Centers common stock with exercise prices between $33.79 and $59.41, expiring from 2026 through 2033. It also includes performance share awards covering 1,600 and 2,000 common shares, settling in 2029 and 2030.
What types of Saul Centers (BFS) stock does the insider hold directly or indirectly?
The insider’s holdings include Series D and Series E preferred stock, common stock held indirectly through the 401(k) stock fund, and various employee stock options and performance shares. The 401(k) holdings are reported as indirect beneficial ownership in the plan’s Saul Centers stock fund.