BFS insider purchase: 2,000 shares; direct holdings 49,259.62
Rhea-AI Filing Summary
Saul Centers, Inc. (BFS) reported an insider open-market purchase by a company officer. On 11/12/2025, the officer bought 2,000 shares of common stock at $29.9933 per share, a transaction coded “P.” Following this trade, the officer directly owned 49,259.62 common shares.
Separately, the filing lists 2,180 common shares held indirectly via an IRA (per footnote 1) and 2,824 common shares held indirectly by the officer’s spouse (per footnote 2). The footnotes also note dividend reinvestment plan awards that increased these balances (footnote 3 references added fractional shares). The officer also beneficially owns multiple employee stock options, each for 20,000 underlying shares with grant years 2016–2023 and stated expiration dates through 2033, plus performance shares of 1,200 and 1,500 with 2029 and 2030 dates.
Positive
- None.
Negative
- None.
Insights
Routine insider buy: 2,000 BFS shares at $29.9933; neutral impact.
The filing records a straightforward open-market purchase of 2,000 BFS shares at $29.9933 on 11/12/2025, lifting direct holdings to 49,259.62 shares. Indirect holdings are listed via an IRA (2,180) and spouse (2,824), with dividend reinvestment footnotes explaining small incremental increases.
No derivative transactions occurred; the options and performance shares are disclosed as beneficially owned with stated exercise prices and expirations. As a routine Form 4 with modest size relative to typical float, this is informational rather than thesis-changing.
Insider Trade Summary
| Type | Security | Shares | Price | Value |
|---|---|---|---|---|
| Purchase | Common Stock | 2,000 | $29.9933 | $60K |
| 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 | Employee Stock Option | -- | -- | -- |
| holding | Performance Shares | -- | -- | -- |
| holding | Performance Shares | -- | -- | -- |
| holding | Series E Preferred Stock | -- | -- | -- |
| holding | Common Stock | -- | -- | -- |
| holding | Common Stock | -- | -- | -- |
Footnotes (1)
- Balance increased by July 31, 2025 Dividend Reinvestment Plan award and October 31, 2025 award totaling 82 shares. Balance increased by July 31, 2025 Dividend Reinvestment Plan award and October 31, 2025 award totaling 107 shares. Balance increased by July 31, 2025 Dividend Reinvestment Plan award and October 31, 2025 award totaling 1,683.62 shares. The options vest 25% per year over four years from the date of grant.
