Saul Centers (BFS) awards stock, performance shares to senior VP
Filing Impact
Filing Sentiment
Form Type
4
Rhea-AI Filing Summary
SAUL CENTERS, INC. senior vice president John Collich reported routine equity compensation and related tax withholding. He received 1,500 restricted shares of Common Stock on May 8, 2026, which vest in five equal annual installments starting on that date, assuming continued employment. He was also granted 1,500 Performance Shares that may convert into restricted Common Stock on each of the five anniversaries of May 8, 2026, with vesting on May 8, 2031 subject to achieving Funds from Operations performance criteria. On May 9, 2026, he acquired 14 additional Common shares as dividend equivalents at $35.19 per share and had 98 shares withheld at the same price to cover tax liabilities, leaving 53,188.02 Common shares held directly. He also reports indirect Common Stock holdings through an IRA and his spouse, Series E Preferred Stock, and multiple employee stock option awards and performance share awards that remain outstanding.
Positive
- None.
Negative
- None.
Insider Trade Summary
16 transactions reported
Mixed
16 txns
Insider
Collich John
Role
Sr. VP, Chief Acq. & Dev. Off.
| Type | Security | Shares | Price | Value |
|---|---|---|---|---|
| Tax Withholding | Common Stock | 98 | $35.19 | $3K |
| Grant/Award | Common Stock | 14 | $35.19 | $492.66 |
| 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 | -- | -- | -- |
| holding | Series E Preferred Stock | -- | -- | -- |
| holding | Common Stock | -- | -- | -- |
| holding | Common Stock | -- | -- | -- |
Holdings After Transaction:
Common Stock — 53,188.02 shares (Direct, null);
Performance Shares — 1,500 shares (Direct, null);
Employee Stock Option — 20,000 shares (Direct, null);
Series E Preferred Stock — 872 shares (Direct, null);
Common Stock — 2,928 shares (Indirect, Wife)
Footnotes (1)
- Balance increased by April 30, 2026 Dividend Reinvestment Plan award of 50 shares. Balance increased by April 30, 2026 Dividend Reinvestment Plan award of 39 shares. 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 828 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
Restricted share grant: 1,500 shares
Performance Share grant: 1,500 units
Dividend-equivalent acquisition: 14 shares at $35.19
+5 more
8 metrics
Restricted share grant
1,500 shares
Common Stock, granted May 8, 2026; vesting in five equal annual installments
Performance Share grant
1,500 units
Performance Shares granted May 8, 2026; cliff vesting on May 8, 2031 based on FFO targets
Dividend-equivalent acquisition
14 shares at $35.19
Common Stock acquired May 9, 2026 as dividend equivalents on restricted stock
Tax withholding shares
98 shares at $35.19
Common Stock withheld May 9, 2026 to satisfy tax liability in shares
Direct Common Stock holding
53,188.02 shares
Direct Common Stock owned following the May 9, 2026 tax-withholding transaction
Employee stock option tranche
20,000 shares at $33.79
Employee Stock Option on Common Stock, expiring May 12, 2033, held directly
Highest option exercise price
$59.41
Employee Stock Option exercise price on 20,000 underlying Common shares, expiring May 5, 2027
Performance Shares 2030 expiry
1,200 underlying shares
Performance Shares on Common Stock with expiration date May 9, 2030
Key Terms
Dividend Reinvestment Plan, restricted shares, Performance Shares, Funds from Operations, +2 more
6 terms
Dividend Reinvestment Plan financial
"Balance increased by April 30, 2026 Dividend Reinvestment Plan award of 50 shares."
A dividend reinvestment plan lets shareholders automatically use cash dividends to buy more shares of the same company instead of receiving the money. It matters to investors because it turns regular payouts into a steady way to grow ownership and take advantage of compound returns—like having your savings automatically buy additional slices of a pie over time—while often reducing transaction costs and smoothing purchase timing.
Funds from Operations financial
"achievement of performance criteria relating to the Companys target Funds from Operations available to common stockholders"
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.
dividend equivalents financial
"Shares acquired in an exempt transaction as dividend equivalents on filers restricted stock award"
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.
Employee Stock Option financial
"Employee Stock Option on Common Stock with various exercise prices and expiration dates"
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.
FAQ
What equity awards did Saul Centers (BFS) grant to John Collich?
Saul Centers granted John Collich 1,500 restricted Common shares and 1,500 Performance Shares. The restricted shares vest over five years, while the Performance Shares can convert into stock based on long-term Funds from Operations performance targets through 2031.
What derivative awards remain outstanding for Saul Centers executive John Collich?
Collich holds multiple employee stock options on 20,000 Common shares each at exercise prices between $33.79 and $59.41, expiring from 2027 to 2033. He also holds Performance Shares referencing underlying Common stock that may vest based on long-term performance.