Saul Centers grants stock and performance shares to SVP
Saul Centers, Inc. reported equity compensation and related tax withholding for Sr.
Sentiment and the balance of points
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Form Type
4
Rhea-AI Filing Summary
Saul Centers, Inc. reported equity compensation and related tax withholding for Sr. VP–Director of Leasing Zachary Maxwell Friedlis. On May 8–9, 2026 he received 1,500 performance shares and 1,500 restricted common shares, plus 13 additional common shares, while 97 shares were withheld to cover tax obligations at $35.19 per share. Footnotes describe multi-year vesting and performance conditions tied to Funds from Operations.
Insider Trade Summary
7 transactions reported
Mixed
7 txns
Insider
Friedlis Zachary Maxwell
Role
Sr. VP-Director of Leasing
| Type | Security | Shares | Price | Value |
|---|---|---|---|---|
| Exercise Price or Tax Liability | Common Stock | 97 | $35.19 | $3K |
| Grant/Award | Common Stock | 13 | $35.19 | $457.47 |
| Grant/Award | Performance Shares | 1,500 | $0.00 | $0.00 |
| Grant/Award | Common Stock | 1,500 | $0.00 | $0.00 |
| holding | Performance Shares | -- | -- | -- |
| holding | Performance Shares | -- | -- | -- |
| holding | Series D Preferred Stock | -- | -- | -- |
Holdings After Transaction:
Performance Shares — 3,600 contracts for 2,100 underlying shares (Direct);
Common Stock — 6,642.575 shares (Direct);
Series D Preferred Stock — 3,704.552 shares (Direct)
Footnotes (4)
- F1. 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.
- F2. Balance increased by April 30, 2026 Dividend Reinvestment Plan award of 20.482 shares.
- F3. Shares acquired in an exempt transaction as dividend equivalents on filers restricted stock award, which vested on May 9, 2026.
- F4. 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
Tax-withheld shares: 97 shares
Tax-withholding price: $35.19 per share
Additional common shares awarded: 13 shares
+5 more
8 metrics
Tax-withheld shares
97 shares
Common Stock withheld to satisfy tax obligations at $35.19 per share on 2026-05-09
Tax-withholding price
$35.19 per share
Price applied to 97 Common Stock shares delivered for tax liability
Additional common shares awarded
13 shares
Common Stock grant/award at $35.19 per share on 2026-05-09
Performance shares granted
1,500 performance shares
Derivative award on 2026-05-08 overlying 1,500 Common Stock shares at $0.00 exercise price
Restricted common shares granted
1,500 shares
Non-derivative Common Stock grant/award on 2026-05-08 at $0.00 per share
Outstanding performance shares (2029)
900 underlying shares
Performance shares exercisable at $0.00, expiring 2029-05-17, overlying Common Stock
Outstanding performance shares (2030)
1,200 underlying shares
Performance shares exercisable at $0.00, expiring 2030-05-09, overlying Common Stock
Series D Preferred Stock holding
3,704.552 shares
Directly owned Series D Preferred Stock as of 2026-05-08
Key Terms
tax-withholding disposition, restricted shares of Common Stock, Performance Shares, Dividend Reinvestment Plan, +2 more
6 terms
tax-withholding disposition financial
"Recorded as a tax-withholding disposition of 97 Common Stock shares at $35.19 per share."
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 Reinvestment Plan financial
"Balance increased by April 30, 2026 Dividend Reinvestment Plan award of 20.482 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 filer’s 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
"Performance criteria relate to the Company’s target Funds from Operations available to common stockholders."
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.
FAQ
AI-generated questions and answers. How Rhea-AI works. Not financial advice.
What insider transactions did Saul Centers (BFS) report for Zachary Maxwell Friedlis?
Zachary Maxwell Friedlis received 1,500 performance shares, 1,500 restricted common shares, and 13 additional common shares, and had 97 common shares withheld to satisfy tax obligations at $35.19 per share in May 2026.
What preferred stock holdings of Saul Centers (BFS) are shown for the insider?
The disclosure includes a holding of 3,704.552 shares of Series D Preferred Stock, reported as directly owned. This entry is presented as a holding record without an associated purchase or sale transaction on the reported dates.
AI-generated analysis. How Rhea-AI works. Not financial advice.
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