Saul Centers (NYSE: BFS) SVP Laycock gains 300 shares in equity awards
Filing Impact
Filing Sentiment
Form Type
4
Rhea-AI Filing Summary
Saul Centers, Inc. SVP and director Willoughby B. Laycock reported equity compensation activity in company stock. On March 11, 2026 he acquired 200 shares of Common Stock through exercises or conversions of performance-based awards and received a 100-share grant at $0.0000 per share. After these awards, he holds 4,370.068 Common shares directly, plus additional stock options, performance-based awards, phantom stock units and indirect holdings through a spouse’s 401(k), all of which are compensation-related and not open-market trades.
Positive
- None.
Negative
- None.
Insider Trade Summary
200 shares exercised/converted
Mixed
16 txns
Insider
Laycock Willoughby B.
Role
SVP-Res. Design/Mrkt Research
| Type | Security | Shares | Price | Value |
|---|---|---|---|---|
| Exercise | Performance Shares | 100 | $0.00 | -- |
| Exercise | Performance Shares | 100 | $0.00 | -- |
| Exercise | Common Stock | 200 | $0.00 | -- |
| Grant/Award | Common Stock | 100 | $0.00 | -- |
| holding | Employee Stock Option | -- | -- | -- |
| holding | Director Stock Option | -- | -- | -- |
| holding | Employee Stock Option | -- | -- | -- |
| holding | Director Stock Option | -- | -- | -- |
| holding | Employee Stock Option | -- | -- | -- |
| holding | Director Stock Option | -- | -- | -- |
| holding | Employee Stock Option | -- | -- | -- |
| holding | Director Stock Option | -- | -- | -- |
| holding | Employee Stock Option | -- | -- | -- |
| holding | Director Stock Option | -- | -- | -- |
| holding | Phantom Stock | -- | -- | -- |
| holding | Common Stock | -- | -- | -- |
Holdings After Transaction:
Performance Shares — 300 shares (Direct);
Common Stock — 4,270.068 shares (Direct);
Employee Stock Option — 5,000 shares (Direct);
Director Stock Option — 2,500 shares (Direct);
Phantom Stock — 4,169.46 shares (Direct);
Common Stock — 249.952 shares (Indirect, Spouse-401K)
Footnotes (1)
- Represents restricted shares of Common Stock. Fifty percent (50%) of the shares vest on May 17, 2029, and the remaining fifty percent (50%) vest on May 9, 2030, subject to the reporting persons continued employment through the applicable vesting dates. Represents additional restricted shares of Common Stock earned based on the achievement of performance criteria with respect to a performance period commencing on January 1, 2025 and ending on December 31, 2025. Fifty percent (50%) of the shares vest on May 17, 2029, and the remaining fifty percent (50%) vest on May 9, 2030, subject to the reporting persons continued employment through the applicable vesting dates. The options vest 25% per year over four years from the date of grant. Phantom shares are issuable pursuant to the Issuer's Deferred Compensation Plan for Directors under its 2004 Stock Plan, as amended (the "Deferred Compensation Plan"). Each share of phantom stock is the economic equivalent of one share of common stock. The shares of phantom stock become payable, in cash or common stock, at the election of the reporting person, upon the reporting person's termination of service. The conversion of the phantom stock into shares of the Issuer's common stock is governed by the Deferred Compensation Plan and the reporting person's Deferred Fee Election Agreement. Includes 234.804 shares awarded July 31, 2025, October 31, 2025 and January 31, 2026 as dividend reinvestments on shares of phantom stock held by the reporting person pursuant to the Deferred Compensation Plan.
FAQ
What insider transactions did Saul Centers (BFS) report for Willoughby B. Laycock?
Saul Centers reported that Willoughby B. Laycock acquired 300 Common shares on March 11, 2026. He received 200 shares through exercises or conversions of performance-based awards and a separate 100-share grant, all at a stated price of $0.0000 per share as equity compensation.
What performance-based and option awards does Willoughby B. Laycock retain in Saul Centers (BFS)?
Laycock retains multiple employee and director stock options and performance-based awards over Saul Centers Common Stock, with exercise prices between $33.7900 and $55.7100 and expirations from 2029 through 2033. These derivative positions remain outstanding alongside his direct share holdings reported in the Form 4.
How do Saul Centers (BFS) phantom stock units work for Willoughby B. Laycock?
Laycock holds phantom stock under Saul Centers’ Deferred Compensation Plan. Each phantom share is economically equivalent to one Common share and becomes payable in cash or stock upon his termination of service, according to his Deferred Fee Election Agreement and the plan’s governing terms.
Are the recent Saul Centers (BFS) Form 4 transactions open-market purchases or compensation awards?
The reported transactions are compensation-related awards rather than open-market trades. They include exercises or conversions of performance-based awards into Common Stock and a separate grant of restricted shares, all at a stated price of $0.0000 per share, reflecting equity compensation structures.
What vesting schedule applies to Willoughby B. Laycock’s new restricted and performance-based Saul Centers shares?
The filing states that half of certain restricted and performance-based Common shares vest on May 17, 2029 and the remaining half on May 9, 2030. Vesting requires Laycock’s continued employment with Saul Centers through each applicable vesting date.