Saul Centers SVP granted 19 shares; 71 withheld
SAUL CENTERS, INC. senior vice president Judith K. Garland reported routine equity compensation activity.
Sentiment and the balance of points
Rhea-AI Sentiment reads the wording of the document, how positive or negative its language is on a 1 to 5 scale. The balance of points shown with the takes weighs what the document actually discloses, so the two can disagree, for example when a trial that missed its main goal is described in upbeat language.
Form Type
4
Rhea-AI Filing Summary
SAUL CENTERS, INC. senior vice president Judith K. Garland reported routine equity compensation activity. She acquired 19 shares of Common Stock at $33.00 per share as dividend equivalents on a restricted stock award that vested on May 17, 2026. To cover tax obligations, 71 shares of Common Stock at $33.00 per share were withheld, leaving her with 4,844 Common shares held directly after these transactions.
Garland also reports ongoing derivative holdings, including performance shares tied to 3,300 underlying Common shares and employee stock options on 20,000 underlying shares with exercise prices of $33.79, $47.90, and $43.89 expiring between 2031 and 2033. These entries reflect outstanding awards rather than new market trades.
Insider Trade Summary
8 transactions reported
Mixed
8 txns
Insider
Garland Judith K.
Role
SVP, Office and Retail
| Type | Security | Shares | Price | Value |
|---|---|---|---|---|
| Exercise Price or Tax Liability | Common Stock | 71 | $33.00 | $2K |
| Grant/Award | Common Stock | 19 | $33.00 | $627.00 |
| holding | Employee Stock Option | -- | -- | -- |
| holding | Employee Stock Option | -- | -- | -- |
| holding | Employee Stock Option | -- | -- | -- |
| holding | Performance Shares | -- | -- | -- |
| holding | Performance Shares | -- | -- | -- |
| holding | Performance Shares | -- | -- | -- |
Holdings After Transaction:
Common Stock — 4,844 shares (Direct);
Employee Stock Option — 20,000 contracts (Direct);
Performance Shares — 3,300 contracts (Direct)
Footnotes (2)
- F1. Shares acquired in an exempt transaction as dividend equivalents on filers restricted stock award, which vested on May 17, 2026.
- F2. The options vest 25% per year over four years from the date of grant.
Key Figures
Dividend-equivalent grant: 19 shares at $33.00
Tax-withholding shares: 71 shares at $33.00
Direct Common Stock holdings: 4,825 shares
+4 more
7 metrics
Dividend-equivalent grant
19 shares at $33.00
Common Stock acquired as dividend equivalents on 2026-05-17
Tax-withholding shares
71 shares at $33.00
Common Stock delivered for tax liability on 2026-05-17
Direct Common Stock holdings
4,825 shares
Common Stock directly owned after transactions on 2026-05-17
Performance shares underlying stock
3,300 shares
Common Stock underlying three performance share awards expiring 2029–2031
Stock options at $33.79
10,000 underlying shares
Employee stock options, exercise price $33.79, expiring 2033-05-12
Stock options at $47.90
5,000 underlying shares
Employee stock options, exercise price $47.90, expiring 2032-05-13
Stock options at $43.89
5,000 underlying shares
Employee stock options, exercise price $43.89, expiring 2031-05-07
Key Terms
Performance Shares, Employee Stock Option, dividend equivalents, restricted stock award, +2 more
6 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.
tax-withholding disposition financial
"transaction_action": "tax-withholding disposition""
A tax-withholding disposition is an event or transaction—such as selling or transferring securities, exercising options, or receiving compensation—that triggers a requirement to hold back part of the payment and remit it to tax authorities. It matters to investors because it reduces the cash they receive immediately and can change the timing and amount of taxable income, like a cashier taking a portion of your sale proceeds to pay taxes before you get the rest.
Grant, award, or other acquisition financial
"transaction_code_description": "Grant, award, or other acquisition""
FAQ
AI-generated questions and answers. How Rhea-AI works. Not financial advice.
What insider stock transactions did BFS executive Judith K. Garland report?
Judith K. Garland reported receiving 19 shares of Saul Centers Common Stock as dividend equivalents on a vested restricted stock award, while 71 shares were withheld to satisfy tax obligations. After these routine compensation entries, she directly holds 4,825 Common shares.
What were the tax-withholding details in Judith K. Garland’s BFS Form 4?
The filing shows a tax-withholding disposition of 71 shares of Common Stock at $33.00 per share. These shares were delivered to cover tax liability related to equity compensation, not sold in an open-market transaction, leaving her with 4,825 shares afterward.
What derivative awards does Judith K. Garland hold in Saul Centers (BFS)?
Garland holds performance shares linked to 3,300 underlying Common shares with expirations between 2029 and 2031, plus employee stock options on 20,000 underlying shares at exercise prices of $33.79, $47.90, and $43.89, expiring through 2033.
How do Judith K. Garland’s Saul Centers stock options vest over time?
Footnotes state her options vest 25% per year over four years from each grant date. This schedule gradually delivers exercisable rights to buy Saul Centers Common Stock, with current option grants expiring between 2031 and 2033 at the stated exercise prices.
AI-generated analysis. How Rhea-AI works. Not financial advice.
Accepted by SEC EDGAR
Learn about SEC filing dates