Saul Centers director granted 534.902 phantom shares
SAUL CENTERS, INC. director George Patrick Clancy Jr filed a Form 4 mainly updating his equity holdings.
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Form Type
4
Rhea-AI Filing Summary
SAUL CENTERS, INC. director George Patrick Clancy Jr filed a Form 4 mainly updating his equity holdings. He directly owns 22,605 shares of common stock and holds several director stock options, each covering 2,500 shares at various exercise prices and expiration dates.
On July 1, 2026, he received a grant of 534.902 phantom stock shares at $37.39 per share under the company’s Deferred Compensation Plan for Directors and its 2024 Stock Incentive Plan. After this award, his phantom stock balance totals 4,986.926 shares, which are linked to future conversion into common stock under his deferred fee arrangements.
Insider Trade Summary
Grant/Award: 534.902 shares
Grant/Award
9 txns
Insider
CLANCY GEORGE PATRICK JR
Role
Director
| Type | Security | Shares | Price | Value |
|---|---|---|---|---|
| Grant/Award | Phantom Stock | 534.902 | $37.39 | $20K |
| holding | Director Stock Option | -- | -- | -- |
| holding | Director Stock Option | -- | -- | -- |
| holding | Director Stock Option | -- | -- | -- |
| holding | Director Stock Option | -- | -- | -- |
| holding | Director Stock Option | -- | -- | -- |
| holding | Director Stock Option | -- | -- | -- |
| holding | Director Stock Option | -- | -- | -- |
| holding | Common Stock | -- | -- | -- |
Holdings After Transaction:
Phantom Stock — 4,986.926 contracts (Direct);
Director Stock Option — 17,500 contracts (Direct);
Common Stock — 22,605 shares (Direct)
Footnotes (3)
- F1. 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.
- F2. 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.
- F3. Includes 33.3049 shares awarded April 30, 2026 as dividend reinvestments on shares of phantom stock held by the reporting person pursuant to the Deferred Compensation Plan.
Key Figures
Phantom stock grant: 534.902 shares at $37.39
Phantom stock balance: 4,986.926 shares
Common stock held: 22,605 shares
+3 more
6 metrics
Phantom stock grant
534.902 shares at $37.39
Awarded on July 1, 2026 under Deferred Compensation Plan
Phantom stock balance
4,986.926 shares
Total phantom stock after July 1, 2026 award
Common stock held
22,605 shares
Direct ownership following reported holdings update
Option block 1 strike
$33.79 per share
Director Stock Option on 2,500 underlying shares, expires May 12, 2033
Option block 2 strike
$47.90 per share
Director Stock Option on 2,500 underlying shares, expires May 13, 2032
Option block 3 strike
$59.41 per share
Director Stock Option on 2,500 underlying shares, expires May 5, 2027
Key Terms
Phantom Stock, Deferred Compensation Plan, 2024 Stock Incentive Plan, Director Stock Option, +1 more
5 terms
Phantom Stock financial
"Phantom Stock, transaction_shares 534.9020, underlying_security_title Common Stock"
A phantom stock is a form of compensation that gives employees or executives the benefits of stock ownership, such as the increase in stock value, without actually giving them real shares. It acts like a promise to pay the employee the equivalent value of company stock later, often as a bonus or incentive. This allows companies to motivate and reward staff without diluting ownership or transferring actual shares.
Deferred Compensation Plan financial
"issuable pursuant to the Issuers Deferred Compensation Plan for Directors, as amended"
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.
2024 Stock Incentive Plan financial
"under its 2024 Stock Incentive Plan. Phantom shares issued prior to May 17, 2024"
Director Stock Option financial
"security_title Director Stock Option, underlying_security_title Common Stock"
Deferred Fee Agreement financial
"governed pursuant to terms of the Issuers Deferred Compensation Plan ... and the reporting persons Deferred Fee Agreement"
FAQ
AI-generated questions and answers. How Rhea-AI works. Not financial advice.
What insider activity did Saul Centers (BFS) report for director George Patrick Clancy Jr?
Saul Centers reported that director George Patrick Clancy Jr updated his holdings, including direct ownership of 22,605 common shares and multiple director stock options. The filing mainly reflects a new phantom stock grant plus existing equity positions rather than open-market buying or selling.
What are George Patrick Clancy Jr’s direct common stock holdings in Saul Centers (BFS)?
After the reported transactions, George Patrick Clancy Jr directly holds 22,605 shares of Saul Centers common stock. This figure reflects his direct equity stake reported in the Form 4 and does not include phantom stock units or shares underlying director stock options.
What director stock options does the Saul Centers (BFS) Form 4 disclose?
The filing lists several Director Stock Option awards, each tied to 2,500 underlying common shares with exercise prices such as $33.79, $47.90, and $59.41. These options have expiration dates ranging from 2027 through 2033 and are held directly.
How is the Saul Centers (BFS) phantom stock grant structured for directors?
The phantom stock grant is issued under Saul Centers’ Deferred Compensation Plan for Directors and its 2024 Stock Incentive Plan. Phantom shares track the value of common stock and are convertible into shares under plan terms and the director’s Deferred Fee Agreement.
AI-generated analysis. How Rhea-AI works. Not financial advice.
