Saul Centers (NYSE: BFS) SVP awarded 1,500 shares, 101 withheld for tax
Rhea-AI Filing Summary
SAUL CENTERS, INC. senior vice president and Chief Construction Officer Donald A. Hachey reported routine equity compensation activity. On May 8, 2026, he received 1,500 restricted shares of Common Stock at $0.00, which vest in equal annual installments over five years, and a related grant of 1,500 Performance Shares tied to future vesting and performance goals. On May 9, 2026, he acquired 15 additional Common Shares at $35.19 as dividend-equivalent compensation, while 101 shares at the same price were withheld to cover tax obligations. Following these transactions, he directly holds 5,680.8121 Common Shares, alongside multiple Performance Share awards and employee stock options that provide additional potential future exposure to the company’s stock.
Positive
- None.
Negative
- None.
Insights
Routine stock awards and tax withholding, no open-market trading.
The filing shows Donald A. Hachey receiving equity compensation from SAUL CENTERS, INC. rather than trading shares in the open market. He was granted 1,500 restricted shares and 1,500 Performance Shares on May 8, 2026, plus 15 dividend-equivalent shares.
A separate F-code entry reflects 101 shares withheld at $35.19 to satisfy tax obligations, a standard non-market mechanism. After these events, he directly owns 5,680.8121 Common Shares and retains multiple option and performance-share awards with exercise prices between $33.79 and $59.41.
Because these are routine grants and tax withholding with no discretionary buying or selling, the informational signal for investors is limited. Future company filings may update how many of these awards ultimately vest based on performance conditions such as Funds from Operations targets.
Insider Trade Summary
| Type | Security | Shares | Price | Value |
|---|---|---|---|---|
| Tax Withholding | Common Stock | 101 | $35.19 | $4K |
| Grant/Award | Common Stock | 15 | $35.19 | $527.85 |
| Grant/Award | Performance Shares | 1,500 | $0.00 | -- |
| Grant/Award | Common Stock | 1,500 | $0.00 | -- |
| 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 | -- | -- | -- |
Footnotes (1)
- Represents restricted shares of Common Stock. Such shares vest on the first five anniversaries of May 8, 2026 in equal annual installments, assuming continued employment. Balance increased by April 30, 2026 Dividend Reinvestment Plan award of 4.0351 shares. Shares acquired in an exempt transaction as dividend equivalents on filers restricted stock award, which vested on May 9, 2026. The options vest 25% per year over four years from the date of grant. The performance share award provides for the grant of restricted shares of Common Stock on each of the five anniversaries of May 8, 2026 in equal annual installments. The number of restricted shares of such grant that vest, if any, is (i) subject to cliff-vesting on May 8, 2031, and (2) achievement of performance criteria relating to the Companys target Funds from Operations available to common stockholders and noncontrolling interests (FFO) measured against an FFO amount included in the budget established by the Board of Directors annually prior to the start of such calendar year.
Key Figures
Key Terms
Dividend Reinvestment Plan financial
dividend equivalents financial
Funds from Operations financial
