Saul Centers (BFS) CFO gains 1,200 shares and holds large option grants
Filing Impact
Filing Sentiment
Form Type
4
Rhea-AI Filing Summary
Saul Centers, Inc. reported that Senior Vice President & CFO Carlos Lawrence Heard acquired additional equity through compensation-related awards. He exercised performance share awards covering 800 shares of Common Stock at a conversion price of $0.00 per share and received a further grant of 400 restricted Common shares, bringing his direct Common Stock holdings to 5,930.835 shares.
The restricted shares vest 50% on May 17, 2029 and 50% on May 9, 2030, subject to his continued employment. He also continues to hold employee stock options over 10,000, 15,000 and 15,000 Common shares at exercise prices of $43.89, $47.90 and $33.79, expiring between 2031 and 2033.
Positive
- None.
Negative
- None.
Insider Trade Summary
800 shares exercised/converted
Mixed
8 txns
Insider
Heard Carlos Lawrence
Role
Senior Vice President & CFO
| Type | Security | Shares | Price | Value |
|---|---|---|---|---|
| Exercise | Performance Shares | 400 | $0.00 | -- |
| Exercise | Performance Shares | 400 | $0.00 | -- |
| Exercise | Common Stock | 800 | $0.00 | -- |
| Grant/Award | Common Stock | 400 | $0.00 | -- |
| holding | Employee Stock Option | -- | -- | -- |
| holding | Employee Stock Option | -- | -- | -- |
| holding | Employee Stock Option | -- | -- | -- |
| holding | Series D Preferred Stock | -- | -- | -- |
Holdings After Transaction:
Performance Shares — 1,200 shares (Direct);
Common Stock — 5,530.835 shares (Direct);
Employee Stock Option — 10,000 shares (Direct);
Series D Preferred Stock — 4,000 shares (Direct)
Footnotes (1)
- Represents restricted shares of Common Stock. Fifty percent (50%) of the shares vest on May 17, 2029, and the remaining fifty percent (50%) vest on May 9, 2030, subject to the reporting persons continued employment through the applicable vesting dates. Balance increased by January 31, 2026 Dividend Reinvestment Plan award of 5.659 shares. Represents additional restricted shares of Common Stock earned based on the achievement of performance criteria with respect to a performance period commencing on January 1, 2025 and ending on December 31, 2025. Fifty percent (50%) of the shares vest on May 17, 2029, and the remaining fifty percent (50%) vest on May 9, 2030, subject to the reporting persons continued employment through the applicable vesting dates. The options vest 25% per year over four years from the date of grant.
FAQ
What insider transactions did Saul Centers (BFS) report for its CFO?
Saul Centers reported that CFO Carlos Lawrence Heard exercised performance share awards into 800 shares of Common Stock and received 400 additional restricted Common shares. These compensation-related transactions increased his direct Common Stock holdings to 5,930.835 shares as of the reported date.
What stock options does the Saul Centers (BFS) CFO still hold?
The CFO continues to hold three employee stock option grants over 10,000, 15,000 and 15,000 Saul Centers Common shares. These options have exercise prices of $43.89, $47.90 and $33.79 per share and expire in 2031, 2032 and 2033, respectively.