Saul Centers executive buys 200 preferred shares
Joel Albert Friedman's reported employee stock options include 10,000 common shares at a $59.41 exercise price, expiring May 5, 2027.
Sentiment and the balance of points
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Form Type
4
Rhea-AI Filing Summary
Saul Centers, Inc. (BFS) Executive Vice President, CAO & Treasurer Joel Albert Friedman purchased 200 shares of Series E Preferred Stock on September 28, 2026, at $18.53 per share. The purchase comprised 100 shares at $18.60 and 100 at $18.46. His reported direct Series E Preferred Stock holdings after the purchase were 400 shares. No Rule 10b5-1 plan is reported.
Insider Trade Summary
Net Buyer: 200 shares
Net Buy
14 txns
Insider
Friedman Joel Albert
Role
Exec VP, CAO & Treasurer
Bought
200 shs ($4K)
| Type | Security | Shares | Price | Value |
|---|---|---|---|---|
| Purchase | Series E Preferred Stock F2 | 200 | $18.53 | $4K |
| holding | Employee Stock Option F4 | -- | -- | -- |
| holding | Employee Stock Option F4 | -- | -- | -- |
| holding | Employee Stock Option F4 | -- | -- | -- |
| holding | Employee Stock Option F4 | -- | -- | -- |
| holding | Employee Stock Option F4 | -- | -- | -- |
| holding | Employee Stock Option F4 | -- | -- | -- |
| holding | Employee Stock Option F4 | -- | -- | -- |
| holding | Performance Shares | -- | -- | -- |
| holding | Performance Shares | -- | -- | -- |
| holding | Performance Shares | -- | -- | -- |
| holding | Common Stock F1 | -- | -- | -- |
| holding | Series D Preferred Stock | -- | -- | -- |
| holding | Common Stock F3 | -- | -- | -- |
Holdings After Transaction:
Series E Preferred Stock — 400 shares (Direct);
Employee Stock Option — 115,000 contracts (Direct);
Performance Shares — 4,800 contracts (Direct);
Common Stock — 15,550 shares (Indirect, 401K);
Series D Preferred Stock — 100 shares (Direct);
Common Stock — 7,847.39 shares (Direct)
Footnotes (4)
- F1. Effective April 1, 2009, shares formerly held by the B.F. Saul Company Employees' Profit Sharing Reinvestment Trust were distributed to the individual 401(k) plan accounts of participants. The number of shares reported represents the reporting person's beneficial ownership interest in the Saul Centers stock fund of the 401(k) plan.
- F2. The reporting person purchased 100 shares at $18.60 per share and 100 shares at $18.46 per share.
- F3. Balance increased by July 31, 2026 Dividend Reinvestment Plan award of 21.68 shares.
- F4. The options vest 25% per year over four years from the date of grant.
Key Figures
Series E Preferred Stock purchased: 200 shares
Purchase price: $18.53 per share
Series E Preferred Stock held after purchase: 400 shares
+3 more
6 metrics
Series E Preferred Stock purchased
200 shares
September 28, 2026
Purchase price
$18.53 per share
September 28, 2026
Series E Preferred Stock held after purchase
400 shares
Direct holdings after September 28, 2026
First purchase tranche
100 shares at $18.60 per share
September 28, 2026
Second purchase tranche
100 shares at $18.46 per share
September 28, 2026
Employee stock options
10,000 underlying common shares at a $59.41 exercise price
Expiration May 5, 2027
Key Terms
Employee Stock Option, Performance Shares, Dividend Reinvestment Plan, beneficial ownership interest
4 terms
Employee Stock Option financial
"Employee Stock Option"
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.
Dividend Reinvestment Plan financial
"July 31, 2026 Dividend Reinvestment Plan award"
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.
beneficial ownership interest financial
"beneficial ownership interest in the Saul Centers stock fund"
FAQ
AI-generated questions and answers. How Rhea-AI works. Not financial advice.
What employee stock options did Joel Albert Friedman report for BFS?
Reported options for common shares include 10,000 at a $59.41 exercise price, expiring May 5, 2027; 10,000 at $49.46, expiring May 11, 2028; 15,000 at $55.71, expiring May 3, 2029; and 20,000 at $50.00, expiring April 24, 2030. Other reported positions include 20,000 shares at $43.89, $47.90 and $33.79, expiring May 7, 2031, May 13, 2032 and May 12, 2033, respectively.
AI-generated analysis. How Rhea-AI works. Not financial advice.
