Saul Centers (BFS) SVP Laycock logs stock grant and tax share withholding
Rhea-AI Filing Summary
Saul Centers, Inc. director and SVP Willoughby B. Laycock reported routine equity compensation updates. On May 17, 2026, he acquired 10 shares of Common Stock at $33.00 per share in an exempt transaction as dividend equivalents when a restricted stock award vested. On the same date, 35 shares of Common Stock at $33.00 per share were withheld to cover tax liabilities.
Following these transactions, Laycock directly holds 4,814.068 shares of Common Stock, plus various performance shares, stock options and phantom stock units linked to Saul Centers common stock. He also has an indirect holding of 249.952 shares in a spouse 401(k) account. No open‑market purchases or sales were reported in this filing.
Positive
- None.
Negative
- None.
Insider Trade Summary
Net Seller: 25 shares
Net Sell
17 txns
Insider
Laycock Willoughby B.
Role
SVP-Res. Design/Mrkt Research
| Type | Security | Shares | Price | Value |
|---|---|---|---|---|
| Exercise Price or Tax Liability | Common Stock | 35 | $33.00 | $1K |
| Grant/Award | Common Stock | 10 | $33.00 | $330.00 |
| holding | Employee Stock Option | -- | -- | -- |
| holding | Director Stock Option | -- | -- | -- |
| holding | Employee Stock Option | -- | -- | -- |
| holding | Director Stock Option | -- | -- | -- |
| holding | Employee Stock Option | -- | -- | -- |
| holding | Director Stock Option | -- | -- | -- |
| holding | Employee Stock Option | -- | -- | -- |
| holding | Director Stock Option | -- | -- | -- |
| holding | Employee Stock Option | -- | -- | -- |
| holding | Phantom Stock | -- | -- | -- |
| holding | Director Stock Option | -- | -- | -- |
| holding | Performance Shares | -- | -- | -- |
| holding | Performance Shares | -- | -- | -- |
| holding | Performance Shares | -- | -- | -- |
| holding | Common Stock | -- | -- | -- |
Holdings After Transaction:
Common Stock — 4,814.068 shares (Direct);
Employee Stock Option — 45,000 shares (Direct);
Director Stock Option — 12,500 shares (Direct);
Phantom Stock — 4,243.322 shares (Direct);
Performance Shares — 1,200 shares (Direct);
Common Stock — 249.952 shares (Indirect, Spouse-401K)
Footnotes (4)
- F1. Shares acquired in an exempt transaction as dividend equivalents on filers restricted stock award, which vested on May 17, 2026.
- F2. The options vest 25% per year over four years from the date of grant.
- F3. New phantom shares are issuable pursuant to the Issuers Deferred Compensation Plan for Directors, as amended and restated effective May 17, 2024 (the Deferred Compensation Plan), under its 2024 Stock Incentive Plan. Phantom shares issued prior to May 17, 2024, continue to be subject to the terms of the Issuers deferred compensation plan for directors in effect prior to the amendment and restatement of the Deferred Compensation Plan.
- F4. The conversion of phantom shares issued on or after May 17, 2024, into shares of the Issuers common stock is governed pursuant to terms of the Issuers Deferred Compensation Plan under its 2024 Stock Plan and the reporting persons Deferred Fee Agreement. The conversion of phantom shares issued prior to May 17, 2024, into shares of the Issuers common stock is governed pursuant to the terms of the Issuers deferred compensation plan for directors in effect prior to the amendment and restatement of the Deferred Compensation Plan and the reporting persons Deferred Fee Agreement.
Key Figures
Common shares granted: 10 shares at $33.00
Shares withheld for tax: 35 shares at $33.00
Direct common stock holding: 4,804.068 shares
+5 more
8 metrics
Common shares granted
10 shares at $33.00
Dividend equivalents on vested restricted stock, May 17, 2026
Shares withheld for tax
35 shares at $33.00
Tax-withholding disposition on equity compensation, May 17, 2026
Direct common stock holding
4,804.068 shares
Total common shares directly held after transactions
Indirect spouse 401(k) holding
249.952 shares
Common stock held indirectly through spouse 401(k)
Phantom stock units
4,243.322 units
Phantom shares linked to common stock under deferred compensation plan
Employee stock options at $33.79
10,000 underlying shares
Options exercisable at $33.79, expiring May 12, 2033
Employee stock options at $47.90
10,000 underlying shares
Options exercisable at $47.90, expiring May 13, 2032
Employee stock options at $55.71
5,000 underlying shares
Options exercisable at $55.71, expiring May 3, 2029
Key Terms
phantom shares, Deferred Compensation Plan, tax-withholding disposition, Performance Shares, +1 more
5 terms
Deferred Compensation Plan financial
"pursuant to the Issuers Deferred Compensation Plan for Directors, as amended and restated effective May 17, 2024"
A deferred compensation plan is an arrangement where an employer agrees to pay part of an employee’s pay or bonus at a later date instead of immediately, often to reduce current tax bills or to tie rewards to long-term performance. For investors it matters because these promises create future cash obligations and influence executive incentives and retention; they can affect a company’s reported liabilities, cash flow planning and the risk profile if the business faces financial trouble.
tax-withholding disposition financial
"transaction_action: "tax-withholding disposition" and code F for payment of exercise price or tax liability"
A tax-withholding disposition is an event or transaction—such as selling or transferring securities, exercising options, or receiving compensation—that triggers a requirement to hold back part of the payment and remit it to tax authorities. It matters to investors because it reduces the cash they receive immediately and can change the timing and amount of taxable income, like a cashier taking a portion of your sale proceeds to pay taxes before you get the rest.
Employee Stock Option financial
"security_title: "Employee Stock Option" with exercise prices such as 33.7900 and 47.9000"
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.
AI-generated analysis. How Rhea-AI works. Not financial advice.
FAQ
What insider transactions did BFS executive Willoughby B. Laycock report?
Willoughby B. Laycock reported a grant of 10 Saul Centers common shares as dividend equivalents and the withholding of 35 shares for taxes. These are compensation-related entries, not open-market trades, recorded as part of his equity awards and related tax obligations.
Was the BFS Form 4 for Laycock a stock purchase or sale?
The Form 4 shows no open-market purchase or sale by Laycock. It records a compensation grant of 10 common shares as dividend equivalents and a tax-withholding disposition of 35 shares, both tied to existing equity awards rather than discretionary trading in the market.
What derivative or phantom equity awards does Laycock hold at Saul Centers (BFS)?
Laycock holds performance shares, employee and director stock options, and phantom stock units, all linked to Saul Centers common stock. Examples include options at exercise prices of $33.79, $47.90, $43.89, $50.00 and $55.71, plus 4,243.322 phantom shares under a deferred compensation plan.