Saul Centers president reports equity grants, tax withholding
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Form Type
4
Rhea-AI Filing Summary
SAUL CENTERS, INC. President & COO David Todd Pearson reported equity compensation and related tax withholding transactions. On May 8, 2026, he received 17,500 shares of Common Stock at $0.00 per share and a performance share award over 17,500 Performance Shares tied to future vesting and performance conditions.
On May 9, 2026, 157 Common Shares at $35.19 per share were acquired and 1,206 shares were disposed of at the same price to satisfy tax liabilities, a non-market transaction. After these movements, he directly held about 77,585.2814 Common Shares, plus indirect holdings in a spouse IRA and a significant portfolio of options and performance shares that extend through 2033.
Insider Trade Summary
15 transactions reported
Mixed
15 txns
Insider
Pearson David Todd
Role
President & COO
| Type | Security | Shares | Price | Value |
|---|---|---|---|---|
| Exercise Price or Tax Liability | Common Stock | 1,206 | $35.19 | $42K |
| Grant/Award | Common Stock | 157 | $35.19 | $6K |
| Grant/Award | Performance Shares | 17,500 | $0.00 | $0.00 |
| Grant/Award | Common Stock | 17,500 | $0.00 | $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 | Director Stock Option | -- | -- | -- |
| holding | Performance Shares | -- | -- | -- |
| holding | Performance Shares | -- | -- | -- |
| holding | Common Stock | -- | -- | -- |
Holdings After Transaction:
Performance Shares — 42,000 contracts for 24,500 underlying shares (Direct);
Common Stock — 77,585.2814 shares (Direct);
Employee Stock Option — 117,500 contracts (Direct);
Director Stock Option — 2,500 contracts (Direct);
Common Stock — 2,456.635 shares (Indirect, Spouse IRA)
Footnotes (6)
- F1. Balance increased by April 30, 2026 Dividend Reinvestment Plan award of 42.762 shares.
- F2. 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.
- F3. Balance increased by April 30, 2026 Dividend Reinvestment Plan award of 48.9184 shares.
- F4. Shares acquired in an exempt transaction as dividend equivalents on filers restricted stock award, which vested on May 9, 2026.
- F5. The options vest 25% per year over four years from the date of grant.
- F6. 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
Common Stock grant: 17,500 shares at $0.00
Performance share award size: 17,500 Performance Shares
Dividend-related acquisition: 157 Common Shares at $35.19
+5 more
8 metrics
Common Stock grant
17,500 shares at $0.00
Award of Common Stock on May 8, 2026
Performance share award size
17,500 Performance Shares
Award on May 8, 2026 tied to FFO performance
Dividend-related acquisition
157 Common Shares at $35.19
Acquired May 9, 2026
Tax withholding shares
1,206 shares at $35.19
Withheld May 9, 2026 for tax liability
Direct Common Shares after transactions
77,428.2814 shares
Direct holdings after May 9, 2026
Spouse IRA Common Shares
2,456.6350 shares
Indirect holdings as of May 8, 2026
Largest employee stock option block
30,000 underlying shares at $33.79
Employee Stock Option expiring May 12, 2033
Highest option exercise price
$59.41 per share
Employee Stock Option expiring May 5, 2027
Key Terms
Dividend Reinvestment Plan, restricted shares, performance share award, cliff-vesting, +2 more
6 terms
Dividend Reinvestment Plan financial
"Balance increased by April 30, 2026 Dividend Reinvestment Plan award of 42.762 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.
cliff-vesting financial
"The number of restricted shares of such grant that vest, if any, is (i) subject to cliff-vesting on May 8, 2031,"
Funds from Operations financial
"achievement of performance criteria relating to the Companys target Funds from Operations available to common stockholders and noncontrolling interests (FFO)"
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.
tax liability by delivering securities financial
"Payment of exercise price or tax liability by delivering securities"
FAQ
AI-generated questions and answers. How Rhea-AI works. Not financial advice.
What did Saul Centers (BFS) President David Pearson report in this Form 4?
David Todd Pearson reported equity compensation awards and related tax withholding. He received 17,500 Common Shares and a 17,500-share performance award, and had 1,206 shares withheld at $35.19 to cover taxes, all as part of compensation rather than open-market trading.
Were there any open-market buy or sell transactions by David Pearson in Saul Centers (BFS) stock?
The Form 4 does not show open-market buys or sells. It reports stock grants, a performance share award, and 1,206 shares withheld at $35.19 to satisfy tax obligations, which is a non-market disposition typically tied to vesting of equity compensation rather than discretionary trading.
How are David Pearson’s Saul Centers (BFS) equity awards structured over time?
Pearson’s awards include restricted Common Shares vesting annually over five years from May 8, 2026, plus performance shares that may convert into stock based on Funds from Operations performance and cliff-vesting in 2031. He also holds several option grants expiring between 2027 and 2033.
AI-generated analysis. How Rhea-AI works. Not financial advice.
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