Saul Centers SVP reports new stock awards
Saul Centers SVP Judith K. Garland reported routine equity compensation and related tax withholding.
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Form Type
4
Rhea-AI Filing Summary
Saul Centers SVP Judith K. Garland reported routine equity compensation and related tax withholding. She received 1,500 restricted shares of Common Stock on May 8, 2026 that vest in equal installments over five years, plus 1,500 Performance Shares tied to future performance criteria. She also acquired 13 shares as dividend equivalents at $35.19 per share, while 106 shares were withheld to cover tax obligations. Following these transactions, she held 4,896 Common Shares directly and retained multiple option and performance-share awards with expiration dates between 2030 and 2033.
Insider Trade Summary
9 transactions reported
Mixed
9 txns
Insider
Garland Judith K.
Role
SVP, Office and Retail
| Type | Security | Shares | Price | Value |
|---|---|---|---|---|
| Exercise Price or Tax Liability | Common Stock | 106 | $35.19 | $4K |
| Grant/Award | Common Stock | 13 | $35.19 | $457.47 |
| Grant/Award | Performance Shares | 1,500 | $0.00 | $0.00 |
| Grant/Award | Common Stock | 1,500 | $0.00 | $0.00 |
| holding | Employee Stock Option | -- | -- | -- |
| holding | Employee Stock Option | -- | -- | -- |
| holding | Employee Stock Option | -- | -- | -- |
| holding | Performance Shares | -- | -- | -- |
| holding | Performance Shares | -- | -- | -- |
Holdings After Transaction:
Performance Shares — 3,300 contracts for 1,800 underlying shares (Direct);
Common Stock — 4,896 shares (Direct);
Employee Stock Option — 20,000 contracts (Direct)
Footnotes (4)
- F1. 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.
- F2. Shares acquired in an exempt transaction as dividend equivalents on filers restricted stock award, which vested on May 9, 2026.
- F3. The options vest 25% per year over four years from the date of grant.
- F4. 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
Restricted share grant: 1,500 shares
Performance Shares granted: 1,500 units
Dividend-equivalent shares: 13 shares at $35.19
+5 more
8 metrics
Restricted share grant
1,500 shares
Common Stock restricted shares granted May 8, 2026
Performance Shares granted
1,500 units
Performance Shares linked to Common Stock granted May 8, 2026
Dividend-equivalent shares
13 shares at $35.19
Common Stock acquired as dividend equivalents on May 9, 2026
Tax withholding shares
106 shares
Common Stock withheld to satisfy tax liability at $35.19
Common Shares held after transactions
4,883 shares
Direct ownership following May 2026 transactions
Option position @ $33.79
10,000 underlying shares
Employee Stock Option, exercise price $33.79, expires May 12, 2033
Option position @ $47.90
5,000 underlying shares
Employee Stock Option, exercise price $47.90, expires May 13, 2032
Option position @ $43.89
5,000 underlying shares
Employee Stock Option, exercise price $43.89, expires May 7, 2031
Key Terms
restricted shares, dividend equivalents, performance share award, Funds from Operations, +1 more
5 terms
dividend equivalents financial
"Shares acquired in an exempt transaction as dividend equivalents on filers restricted stock award, which vested on May 9, 2026."
Payments tied to employee or contractor equity awards that mirror the cash dividends paid on the company’s stock; they give the holder the same economic benefit as owning the shares without transferring actual shares—often paid in cash or additional award units when the award becomes payable. Investors care because these payments affect a company’s compensation costs, cash flow and potential share dilution, and they signal how management is being rewarded and aligned with shareholders.
Funds from Operations financial
"achievement of performance criteria relating to the Companys target Funds from Operations available to common stockholders and noncontrolling interests (FFO)"
Funds from operations (FFO) measures the cash a real estate-focused company generates from its core property operations by adjusting net income to add back non-cash expenses like building depreciation and removing one-time gains or losses from property sales. Investors use FFO like a household’s monthly take-home pay—it's a clearer view of ongoing cash available to pay dividends, maintain properties and fund growth than raw accounting profit.
tax liability financial
"Payment of exercise price or tax liability by delivering securities"
FAQ
AI-generated questions and answers. How Rhea-AI works. Not financial advice.
What insider transactions did Saul Centers (BFS) SVP Judith Garland report?
Judith Garland reported equity awards and tax withholding. She received 1,500 restricted shares, 1,500 Performance Shares, and 13 dividend-equivalent shares, while 106 shares were withheld to cover taxes, leaving her with 4,883 Common Shares held directly.
What stock awards did Saul Centers (BFS) grant to Judith Garland?
Garland received 1,500 restricted Common Shares that vest in five equal annual installments starting May 8, 2026, assuming continued employment, plus 1,500 Performance Shares that may convert into restricted shares based on future Funds from Operations performance criteria through May 8, 2031.
What stock options does Judith Garland hold in Saul Centers (BFS)?
Garland holds several Employee Stock Options on Saul Centers Common Stock: 10,000 shares at an exercise price of $33.79, 5,000 shares at $47.90, and 5,000 shares at $43.89, with expiration dates ranging from 2031 to 2033, vesting 25% annually over four years.
AI-generated analysis. How Rhea-AI works. Not financial advice.
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