[Form 4] SAUL CENTERS, INC. Insider Trading Activity
Filing Impact
Filing Sentiment
Form Type
4
Rhea-AI Filing Summary
SAUL CENTERS, INC. executive vice president Joel Albert Friedman reported routine equity updates. He received a grant of 40 shares of common stock at $33.00 per share as dividend equivalents on a restricted stock award that vested on May 17, 2026, and 130 shares were withheld to cover tax obligations, leaving 7,785.7111 common shares held directly. He also holds 15,248 common shares indirectly through a 401(k) plan and maintains a range of performance shares and employee stock options that are exercisable into common stock over expiration dates from 2027 to 2033.
Positive
- None.
Negative
- None.
Insider Trade Summary
15 transactions reported
Mixed
15 txns
Insider
Friedman Joel Albert
Role
Exec VP, CAO & Treasurer
| Type | Security | Shares | Price | Value |
|---|---|---|---|---|
| Tax Withholding | Common Stock | 130 | $33.00 | $4K |
| Grant/Award | Common Stock | 40 | $33.00 | $1K |
| 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 | Performance Shares | -- | -- | -- |
| holding | Common Stock | -- | -- | -- |
| holding | Series E Preferred Stock | -- | -- | -- |
| holding | Series D Preferred Stock | -- | -- | -- |
Holdings After Transaction:
Common Stock — 7,785.711 shares (Direct, null);
Employee Stock Option — 10,000 shares (Direct, null);
Performance Shares — 1,200 shares (Direct, null);
Common Stock — 15,248 shares (Indirect, 401K);
Series E Preferred Stock — 200 shares (Direct, null);
Series D Preferred Stock — 100 shares (Direct, null)
Footnotes (1)
- 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. Shares acquired in an exempt transaction as dividend equivalents on filers restricted stock award, which vested on May 17, 2026. The options vest 25% per year over four years from the date of grant.
Key Figures
Common stock grant: 40 shares at $33.00
Tax withholding shares: 130 shares
Direct common shares: 7,785.7111 shares
+5 more
8 metrics
Common stock grant
40 shares at $33.00
Dividend equivalents on restricted stock award vested May 17, 2026
Tax withholding shares
130 shares
Common stock withheld to cover tax liability
Direct common shares
7,785.7111 shares
Direct common stock held after transactions
Indirect 401(k) shares
15,248 shares
Beneficial interest in Saul Centers stock fund of 401(k) plan
Performance shares 2031
2,000 underlying shares at $0.00
Performance shares into common stock, expiring May 8, 2031
Stock option at $33.79
20,000 underlying shares
Employee stock option, expires May 12, 2033
Stock option at $47.90
20,000 underlying shares
Employee stock option, expires May 13, 2032
Stock option at $55.71
15,000 underlying shares
Employee stock option, expires May 3, 2029
Key Terms
Performance Shares, Employee Stock Option, dividend equivalents, restricted stock award, +1 more
5 terms
Employee Stock Option financial
"security_title": "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 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.
restricted stock award financial
"dividend equivalents on filers restricted stock award, which vested on May 17, 2026"
A restricted stock award is company shares given to an employee or executive that cannot be sold or fully owned until certain conditions—like staying with the company for a set time or hitting performance targets—are met. Think of it as a gift that only becomes yours after you fulfill specific obligations; for investors, these awards matter because they can increase the total shares outstanding when they vest, reveal how management is being paid and motivated, and create potential selling pressure when restrictions lift.
401(k) plan financial
"represents the reporting person's beneficial ownership interest in the Saul Centers stock fund of the 401(k) plan"
A 401(k) plan is a workplace retirement account that lets employees set aside part of their pay into a tax-advantaged savings pot, often with employers adding matching contributions — like a workplace piggy bank for future income. It matters to investors because the amount people save and how employers fund these plans influence consumer spending, corporate payroll costs and the flow of money into financial markets, which can affect stock prices and company valuations.
