Saul Centers (NYSE: BFS) director receives Phantom Stock grant and shows option holdings
Filing Impact
Filing Sentiment
Form Type
4
Rhea-AI Filing Summary
SAUL CENTERS, INC. director George Patrick Clancy Jr. received a grant of 613.873 shares of Phantom Stock on April 1, 2026 at a reference value of $32.58 per share. This is a compensation-related award, not an open-market purchase or sale.
The award increases his phantom stock holdings to 4,374.529 units, which are tied to the company’s common stock under the issuer’s Deferred Compensation Plan for Directors and 2024 Stock Incentive Plan, as described in his Deferred Fee Agreement. The filing also lists existing director stock options over multiple 2,500-share blocks of common stock with exercise prices between about $33.79 and $59.41 and expirations from 2026 through 2033, and shows direct ownership of 20,605 shares of common stock.
Positive
- None.
Negative
- None.
Insider Trade Summary
10 transactions reported
Mixed
10 txns
Insider
CLANCY GEORGE PATRICK JR
Role
Director
| Type | Security | Shares | Price | Value |
|---|---|---|---|---|
| Grant/Award | Phantom Stock | 613.873 | $32.58 | $20K |
| holding | Director Stock Option | -- | -- | -- |
| holding | Director Stock Option | -- | -- | -- |
| holding | Director Stock Option | -- | -- | -- |
| holding | Director Stock Option | -- | -- | -- |
| holding | Director Stock Option | -- | -- | -- |
| holding | Director Stock Option | -- | -- | -- |
| holding | Director Stock Option | -- | -- | -- |
| holding | Director Stock Option | -- | -- | -- |
| holding | Common Stock | -- | -- | -- |
Holdings After Transaction:
Phantom Stock — 4,374.529 shares (Direct);
Director Stock Option — 2,500 shares (Direct);
Common Stock — 20,605 shares (Direct)
Footnotes (1)
- New phantom shares are issuable pursuant to the Issuers Deferred Compensation Plan for Directors, as amended and restated effective May 17, 2024 (the Deferred Compensation Plan), under its 2024 Stock Incentive Plan. Phantom shares issued prior to May 17, 2024, continue to be subject to the terms of the Issuers deferred compensation plan for directors in effect prior to the amendment and restatement of the Deferred Compensation Plan. The conversion of phantom shares issued on or after May 17, 2024, into shares of the Issuers common stock is governed pursuant to terms of the Issuers Deferred Compensation Plan under its 2024 Stock Plan and the reporting persons Deferred Fee Agreement. The conversion of phantom shares issued prior to May 17, 2024, into shares of the Issuers common stock is governed pursuant to the terms of the Issuers deferred compensation plan for directors in effect prior to the amendment and restatement of the Deferred Compensation Plan and the reporting persons Deferred Fee Agreement. Includes 70.800 shares awarded January 30, 2026 as dividend reinvestments on shares of phantom stock held by the reporting person pursuant to the Deferred Compensation Plan.
Key Figures
Phantom Stock grant: 613.873 units at $32.58
Total Phantom Stock holdings: 4,374.529 units
Common stock held: 20,605 shares
+4 more
7 metrics
Phantom Stock grant
613.873 units at $32.58
Award on April 1, 2026
Total Phantom Stock holdings
4,374.529 units
After April 1, 2026 grant
Common stock held
20,605 shares
Direct ownership after reported transactions
Option block 1
2,500 shares at $57.74
Director Stock Option expiring May 6, 2026
Option block 2
2,500 shares at $59.41
Director Stock Option expiring May 5, 2027
Option block 3
2,500 shares at $33.79
Director Stock Option expiring May 12, 2033
Dividend reinvestment phantom shares
70.800 units
Awarded January 30, 2026 as dividend reinvestments
Key Terms
Phantom Stock, Deferred Compensation Plan, 2024 Stock Incentive Plan, Deferred Fee Agreement, +1 more
5 terms
Phantom Stock financial
"New phantom shares are issuable pursuant to the Issuers Deferred Compensation Plan for Directors"
A phantom stock is a form of compensation that gives employees or executives the benefits of stock ownership, such as the increase in stock value, without actually giving them real shares. It acts like a promise to pay the employee the equivalent value of company stock later, often as a bonus or incentive. This allows companies to motivate and reward staff without diluting ownership or transferring actual shares.
Deferred Compensation Plan financial
"pursuant to the Issuers Deferred Compensation Plan for Directors, as amended and restated"
A deferred compensation plan is an arrangement where an employer agrees to pay part of an employee’s pay or bonus at a later date instead of immediately, often to reduce current tax bills or to tie rewards to long-term performance. For investors it matters because these promises create future cash obligations and influence executive incentives and retention; they can affect a company’s reported liabilities, cash flow planning and the risk profile if the business faces financial trouble.
2024 Stock Incentive Plan financial
"under its 2024 Stock Incentive Plan"
Deferred Fee Agreement financial
"governed pursuant to terms of the Issuers Deferred Compensation Plan under its 2024 Stock Plan and the reporting persons Deferred Fee Agreement"
Director Stock Option financial
"Director Stock Option ... underlying security title Common Stock"
FAQ
What did BFS director George Patrick Clancy Jr. report in this Form 4?
He reported receiving a grant of 613.873 Phantom Stock units as director compensation. The award is tied to Saul Centers’ common stock under the Deferred Compensation Plan and 2024 Stock Incentive Plan, and does not represent an open-market buy or sell transaction.
How many Phantom Stock units does the BFS director hold after this transaction?
After the grant, he holds a total of 4,374.529 Phantom Stock units. These units are governed by the issuer’s Deferred Compensation Plan for Directors and his Deferred Fee Agreement, and are designed to mirror the value of Saul Centers’ common stock over time.
What are the key terms of the new Phantom Stock award reported for BFS?
The director was granted 613.873 Phantom Stock units with a reference value of $32.58 per unit. The units are issuable under Saul Centers’ 2024 Stock Incentive Plan and Deferred Compensation Plan for Directors, rather than being purchased in the open market.
What stock options does the BFS director have outstanding according to this filing?
He has multiple Director Stock Option grants, each covering 2,500 shares of common stock, with exercise prices ranging from $33.79 to $59.41 and expiration dates from 2026 through 2033. These options represent potential future acquisitions of common shares if exercised.