Saul Centers CFO buys Series D preferred shares
Saul Centers, Inc. Senior Vice President & CFO Carlos Lawrence Heard reported an open-market purchase of 500 shares of Series D Preferred Stock at $20.60 per share.
Rhea-AI Filing Summary
Saul Centers, Inc. Senior Vice President & CFO Carlos Lawrence Heard reported an open-market purchase of 500 shares of Series D Preferred Stock at $20.60 per share. Following this trade, his direct holdings in the Series D Preferred Stock increased to 4,500 shares.
He also directly holds 5,930.835 shares of Common Stock, several employee stock options on Common Stock with varying exercise prices and expirations, and performance share awards that may convert into Common Stock on future dates, reflecting a multi-layered equity position in the company.
Positive
- None.
Negative
- None.
Insider Trade Summary
Net Buyer: 500 shares
Net Buy
7 txns
Insider
Heard Carlos Lawrence
Role
Senior Vice President & CFO
Bought
500 shs ($10K)
| Type | Security | Shares | Price | Value |
|---|---|---|---|---|
| Purchase | Series D Preferred Stock | 500 | $20.60 | $10K |
| holding | Employee Stock Option | -- | -- | -- |
| holding | Employee Stock Option | -- | -- | -- |
| holding | Employee Stock Option | -- | -- | -- |
| holding | Performance Shares | -- | -- | -- |
| holding | Performance Shares | -- | -- | -- |
| holding | Common Stock | -- | -- | -- |
Holdings After Transaction:
Series D Preferred Stock — 4,500 shares (Direct);
Employee Stock Option — 40,000 contracts (Direct);
Performance Shares — 2,800 contracts (Direct);
Common Stock — 5,930.835 shares (Direct)
Footnotes (1)
- F1. The options vest 25% per year over four years from the date of grant.
Key Figures
Series D Preferred purchase: 500 shares
Purchase price: $20.60 per share
Series D Preferred holdings after trade: 4,500 shares
+5 more
8 metrics
Series D Preferred purchase
500 shares
Open-market buy by CFO at $20.60 per share
Purchase price
$20.60 per share
Series D Preferred Stock transaction on reported date
Series D Preferred holdings after trade
4,500 shares
Direct holdings of CFO in Series D Preferred Stock
Common Stock holdings
5,930.835 shares
Direct Common Stock position of CFO
Option grant exercise price
$43.89 per share
Employee Stock Option on 10,000 underlying Common shares, expiring 2031-05-07
Option grant exercise price
$47.90 per share
Employee Stock Option on 15,000 underlying Common shares, expiring 2032-05-13
Performance shares grant
1,200 underlying shares
Performance Shares on Common Stock expiring 2029-05-17
Performance shares grant
1,600 underlying shares
Performance Shares on Common Stock expiring 2030-05-09
Key Terms
Series D Preferred Stock, Employee Stock Option, Performance Shares, open-market purchase, +1 more
5 terms
Series D Preferred Stock financial
"security_title": "Series D Preferred Stock""
Series D preferred stock is a specific class of preferred shares typically issued in a later-stage financing round that gives holders special rights such as priority for payout before common shareholders, fixed or cumulative dividends, and often the option to convert into common shares. Investors care because these shares affect who gets paid first in a sale or liquidation, influence ownership and voting power, and change how future fundraising or an exit will impact an investor’s return—like a VIP ticket that can sometimes be exchanged for a regular ticket if that proves more valuable.
Employee Stock Option financial
"security_title": "Employee Stock Option""
An employee stock option is a promise that lets a worker buy company shares later at a predetermined price, often after they stay for a certain period or meet performance goals — think of it like a coupon that locks in today's price for a future purchase. It matters to investors because options align employees’ incentives with company performance, can increase the number of shares outstanding (dilution) when exercised, and represent a compensation cost that affects reported profits and shareholder value.
open-market purchase financial
"transaction_action": "open-market purchase""
An open-market purchase is when an investor or a company buys shares on a public stock exchange at the going market price, rather than through a private deal. It matters to investors because these purchases change how many shares are available, can push the stock price up or signal confidence from large buyers, and often affect per-share metrics like earnings—think of it like someone buying lots of apples off a grocery shelf, reducing supply and potentially raising the price.
exercise price financial
"conversion_or_exercise_price": "43.8900""
The exercise price is the fixed amount at which you can buy or sell an asset, like a stock, when using an options contract. It matters because it helps determine whether exercising the option will be profitable or not, depending on the current market price. Think of it as the set price you agree on today to buy or sell later.
FAQ
AI-generated questions and answers. How Rhea-AI works. Not financial advice.
What insider transaction did Saul Centers (BFS) disclose for its CFO?
Saul Centers disclosed that its Senior Vice President & CFO, Carlos Lawrence Heard, bought 500 shares of Series D Preferred Stock. The shares were purchased in the open market at $20.60 per share, increasing his direct preferred holdings to 4,500 shares.
At what price did the Saul Centers (BFS) CFO buy Series D Preferred Stock?
The CFO bought Series D Preferred Stock at $20.60 per share. This open-market purchase covered 500 shares, bringing his directly held Series D Preferred position to a total of 4,500 shares after the reported transaction.
What common stock holdings does the Saul Centers (BFS) CFO report?
The CFO reports direct ownership of 5,930.835 shares of Saul Centers Common Stock. These shares are separate from his Series D Preferred position and sit alongside his employee stock options and performance share awards tied to the company’s Common Stock.
What stock options does the Saul Centers (BFS) CFO hold according to the filing?
The filing shows multiple employee stock options on Common Stock, including grants exercisable at $43.89, $47.90, and $33.79 per share. Each grant covers 10,000 or 15,000 underlying shares, with expiration dates between 2031 and 2033.
AI-generated analysis. How Rhea-AI works. Not financial advice.
