Saul Centers (BFS) EVP receives restricted stock, performance shares and options
Filing Impact
Filing Sentiment
Form Type
4
Rhea-AI Filing Summary
SAUL CENTERS, INC. executive vice president and chief legal and administrative officer Bettina T. Guevara reported new equity compensation and related tax withholding. She received a grant of 2,500 restricted shares of Common Stock on May 8, 2026 at a stated price of $0.0000 per share, which vest in equal annual installments over five years assuming continued employment. On May 9, 2026, she was credited with 22 Common shares at $35.19 per share as dividend equivalents on an existing restricted stock award, while 190 shares at the same price were withheld to cover tax obligations. After these transactions she directly owns 9,621.4231 Common shares. She also holds performance share awards tied to future grants of restricted stock and company Funds from Operations performance, plus employee stock options on additional Common shares with exercise prices between $33.79 and $47.90 and expirations from 2031 to 2033.
Positive
- None.
Negative
- None.
Insider Trade Summary
9 transactions reported
Mixed
9 txns
Insider
Guevara Bettina T.
Role
Exec. VP /Chf Legal & Adm Off
| Type | Security | Shares | Price | Value |
|---|---|---|---|---|
| Tax Withholding | Common Stock | 190 | $35.19 | $7K |
| Grant/Award | Common Stock | 22 | $35.19 | $774.18 |
| Grant/Award | Performance Shares | 2,500 | $0.00 | -- |
| Grant/Award | Common Stock | 2,500 | $0.00 | -- |
| holding | Employee Stock Option | -- | -- | -- |
| holding | Employee Stock Option | -- | -- | -- |
| holding | Employee Stock Option | -- | -- | -- |
| holding | Performance Shares | -- | -- | -- |
| holding | Performance Shares | -- | -- | -- |
Holdings After Transaction:
Common Stock — 9,621.423 shares (Direct, null);
Performance Shares — 2,500 shares (Direct, null);
Employee Stock Option — 2,500 shares (Direct, null)
Footnotes (1)
- 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. Balance increased by April 30, 2026 Dividend Reinvestment Plan award of 6.1171 shares. Shares acquired in an exempt transaction as dividend equivalents on filers restricted stock award, which vested on May 9, 2026. The options vest 25% per year over four years from the date of grant. 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
Restricted stock grant: 2,500 shares at $0.0000
Dividend-equivalent shares: 22 shares at $35.19
Tax withholding shares: 190 shares at $35.19
+5 more
8 metrics
Restricted stock grant
2,500 shares at $0.0000
Common Stock granted May 8, 2026; vests over five years
Dividend-equivalent shares
22 shares at $35.19
Common Stock credited May 9, 2026 as dividend equivalents
Tax withholding shares
190 shares at $35.19
Shares withheld to satisfy tax liability on equity awards
Direct Common holdings
9,621.4231 shares
Total Common Stock owned directly after reported transactions
Performance shares 1
2,000 underlying shares
Performance Shares, exercise price $0.0000, expiring May 9, 2030
Performance shares 2
1,500 underlying shares
Performance Shares, exercise price $0.0000, expiring May 17, 2029
Stock options at $33.79
4,000 underlying shares
Employee Stock Option, expiration May 12, 2033
Stock options at $47.90
3,000 underlying shares
Employee Stock Option, expiration May 13, 2032
Key Terms
restricted shares of Common Stock, Dividend Reinvestment Plan, dividend equivalents, performance share award, +2 more
6 terms
Dividend Reinvestment Plan financial
"Balance increased by April 30, 2026 Dividend Reinvestment Plan award of 6.1171 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.
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.
Funds from Operations financial
"achievement of performance criteria relating to the Companys target Funds from Operations..."
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.
employee stock option financial
"The options vest 25% per year over four years from the date of grant."
An employee stock option is a promise that lets a worker buy company shares later at a predetermined price, often after they stay for a certain period or meet performance goals — think of it like a coupon that locks in today's price for a future purchase. It matters to investors because options align employees’ incentives with company performance, can increase the number of shares outstanding (dilution) when exercised, and represent a compensation cost that affects reported profits and shareholder value.
FAQ
What did Saul Centers (BFS) executive Bettina T. Guevara report in this Form 4?
Bettina T. Guevara reported new equity compensation and related tax withholding. She received restricted Common Stock, dividend-equivalent shares, and continues to hold performance shares and stock options, updating her total direct ownership and outstanding equity incentives with specific grant sizes and vesting terms.
What restricted stock awards did Bettina Guevara receive from Saul Centers (BFS)?
She received 2,500 restricted shares of Common Stock on May 8, 2026 at a stated price of $0.0000 per share. These shares vest in five equal annual installments on each anniversary of May 8, 2026, assuming she remains continuously employed by Saul Centers during the vesting period.
What stock options are reported for Bettina Guevara in Saul Centers (BFS)?
She holds employee stock options on 4,000, 3,000, and 2,500 underlying Common shares with exercise prices of $33.79, $47.90, and $43.89, respectively. These options vest 25% per year over four years from their grant dates and expire between 2031 and 2033.