Saul Centers (NYSE: BFS) SVP logs small share grant and tax withholding
Filing Impact
Filing Sentiment
Form Type
4
Rhea-AI Filing Summary
Saul Centers, Inc. senior vice president and Director of Leasing Zachary Maxwell Friedlis reported routine equity compensation activity. He received 31 shares of Common Stock at $33.00 per share in an exempt transaction as dividend equivalents on a restricted stock award that vested on May 17, 2026, and 96 shares were withheld at the same price to cover tax obligations. After these transactions, he directly holds 6,546.575 shares of Common Stock and 3,704.552 shares of Series D Preferred Stock. He also holds performance share awards tied to 1,500, 1,200, and 900 underlying Common shares with a $0.00 exercise price and expirations in 2029, 2030, and 2031, respectively.
Positive
- None.
Negative
- None.
Insider Trade Summary
6 transactions reported
Mixed
6 txns
Insider
Friedlis Zachary Maxwell
Role
Sr. VP-Director of Leasing
| Type | Security | Shares | Price | Value |
|---|---|---|---|---|
| Tax Withholding | 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 — 6,546.575 shares (Direct, null);
Performance Shares — 900 shares (Direct, null);
Series D Preferred Stock — 3,704.552 shares (Direct, null)
Footnotes (1)
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Key Figures
Common stock grant: 31 shares at $33.00
Tax withholding shares: 96 shares at $33.00
Common stock holdings: 6,546.575 shares
+4 more
7 metrics
Common stock grant
31 shares at $33.00
Dividend equivalents on vested restricted stock award on May 17, 2026
Tax withholding shares
96 shares at $33.00
Shares withheld to satisfy tax liability on May 17, 2026
Common stock holdings
6,546.575 shares
Direct ownership after reported transactions
Series D Preferred holdings
3,704.552 shares
Direct preferred stock position reported as of May 17, 2026
Performance shares 2031
1,500 underlying shares at $0.00
Performance shares expiring May 8, 2031, direct ownership
Performance shares 2030
1,200 underlying shares at $0.00
Performance shares expiring May 9, 2030, direct ownership
Performance shares 2029
900 underlying shares at $0.00
Performance shares expiring May 17, 2029, direct ownership
Key Terms
Performance Shares, tax-withholding disposition, dividend equivalents, restricted stock award
4 terms
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.
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.
FAQ
What insider transactions did BFS executive Zachary Maxwell Friedlis report?
He reported a small equity compensation update: 31 Common Stock shares were acquired as dividend equivalents on a vested restricted stock award, while 96 shares were withheld to cover tax liabilities, reflecting routine compensation-related activity rather than open-market trading.
What preferred stock holdings does Zachary Maxwell Friedlis report in Saul Centers (BFS)?
He reports direct ownership of 3,704.552 shares of Saul Centers Series D Preferred Stock. This holding is disclosed as a position entry, without any accompanying purchase or sale transaction in the reported period, indicating a continuing preferred equity stake.