Saul Centers insider updates holdings after equity award
Saul Centers, Inc. Sr.
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Form Type
4
Rhea-AI Filing Summary
Saul Centers, Inc. Sr. VP–Director of Leasing Zachary Maxwell reported insider equity activity dated May 17, 2026. The filing shows a tax-withholding disposition of 96 common shares at $33 and an award acquisition of 31 common shares at $33. After these events he holds 6,577.575 common shares, 3,600 performance shares tied to future common stock, and 3,704.5520 shares of Series D Preferred Stock. A footnote notes dividend-equivalent shares acquired in an exempt transaction upon vesting of a restricted stock award.
Insider Trade Summary
6 transactions reported
Mixed
6 txns
Insider
Friedlis Zachary Maxwell
Role
Sr. VP-Director of Leasing
| Type | Security | Shares | Price | Value |
|---|---|---|---|---|
| Exercise Price or Tax Liability | Common Stock | 96 | $33.00 | $3K |
| Grant/Award | Common Stock | 31 | $33.00 | $1K |
| holding | Performance Shares | -- | -- | -- |
| holding | Performance Shares | -- | -- | -- |
| holding | Performance Shares | -- | -- | -- |
| holding | Series D Preferred Stock | -- | -- | -- |
Holdings After Transaction:
Common Stock — 6,577.575 shares (Direct);
Performance Shares — 3,600 contracts (Direct);
Series D Preferred Stock — 3,704.552 shares (Direct)
Footnotes (1)
- F1. Shares acquired in an exempt transaction as dividend equivalents on filers restricted stock award, which vested on May 17, 2026.
Key Figures
Tax-withholding shares: 96.0000 shares of Common Stock
Share award: 31.0000 shares of Common Stock
Common Stock holdings: 6,577.575 shares
+5 more
8 metrics
Tax-withholding shares
96.0000 shares of Common Stock
Disposed on 2026-05-17 at $33.0000 per share under transaction code F
Share award
31.0000 shares of Common Stock
Award acquisition on 2026-05-17 at $33.0000 per share under transaction code A
Common Stock holdings
6,577.575 shares
Direct post-transaction common stock position
Performance share holdings
3,600 performance shares
Direct post-transaction performance share position
Series D Preferred holdings
3,704.5520 shares
Direct Series D Preferred Stock position as of 2026-05-17
Performance shares expiring 2029
900.0000 underlying common shares
Performance Shares with $0.0000 exercise price, expiration 2029-05-17
Performance shares expiring 2030
1,200.0000 underlying common shares
Performance Shares with $0.0000 exercise price, expiration 2030-05-09
Performance shares expiring 2031
1,500.0000 underlying common shares
Performance Shares with $0.0000 exercise price, expiration 2031-05-08
Key Terms
tax-withholding disposition, dividend equivalents, restricted stock award, Performance Shares, +1 more
5 terms
tax-withholding disposition financial
"A tax-withholding disposition of 96 common shares at $33"
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.
dividend equivalents financial
"Shares acquired in an exempt transaction as dividend equivalents"
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"
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.
Series D Preferred Stock financial
"Series D Preferred Stock holdings of 3,704.5520 shares"
Series D preferred stock is a specific class of preferred shares typically issued in a later-stage financing round that gives holders special rights such as priority for payout before common shareholders, fixed or cumulative dividends, and often the option to convert into common shares. Investors care because these shares affect who gets paid first in a sale or liquidation, influence ownership and voting power, and change how future fundraising or an exit will impact an investor’s return—like a VIP ticket that can sometimes be exchanged for a regular ticket if that proves more valuable.
FAQ
AI-generated questions and answers. How Rhea-AI works. Not financial advice.
What tax-withholding transaction did Zachary Maxwell report for Saul Centers (BFS)?
Maxwell reported a tax-withholding disposition of 96 common shares at $33 on May 17, 2026. This F-code transaction satisfied equity-related obligations by delivering shares rather than cash, consistent with payments of exercise price or tax liability described for code F.
What does the dividend equivalents footnote mean in Saul Centers (BFS) filing?
The footnote explains that some shares were acquired as dividend equivalents on a restricted stock award that vested on May 17, 2026. Dividend equivalents credit additional shares reflecting dividends paid on the underlying award without requiring separate cash transactions from the insider.
AI-generated analysis. How Rhea-AI works. Not financial advice.
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