Saul Centers (BFS) director receives 2,000-share restricted stock award
Rhea-AI Filing Summary
Saul Centers, Inc. director Philip D. Caraci reported an equity award of 2,000 shares of Common Stock on May 8, 2026. These restricted shares vest in three equal annual installments on the first three anniversaries of May 8, 2026, assuming continued service.
Following this grant, he directly holds 55,416 shares of Common Stock. He also reports indirect Common Stock holdings of 53,187 shares through a self‑trust, 2,602 shares in his wife’s IRA, and 20,564 shares in his wife’s trust. In addition, he holds 39,328.650 phantom stock units tied to Common Stock and several stock options for 2,500 underlying shares each at exercise prices between $33.79 and $59.41, with expirations from 2027 to 2033.
Positive
- None.
Negative
- None.
Insider Trade Summary
Net Buyer: 2,000 shares
Net Buy
12 txns
Insider
CARACI PHILIP D
Role
Director
| Type | Security | Shares | Price | Value |
|---|---|---|---|---|
| Grant/Award | Common Stock | 2,000 | $0.00 | $0.00 |
| holding | Stock Option | -- | -- | -- |
| holding | Stock Option | -- | -- | -- |
| holding | Stock Option | -- | -- | -- |
| holding | Stock Option | -- | -- | -- |
| holding | Stock Option | -- | -- | -- |
| holding | Stock Option | -- | -- | -- |
| holding | Stock Option | -- | -- | -- |
| holding | Phantom Stock | -- | -- | -- |
| holding | Common Stock | -- | -- | -- |
| holding | Common Stock | -- | -- | -- |
| holding | Common Stock | -- | -- | -- |
Holdings After Transaction:
Common Stock — 55,416 shares (Direct);
Stock Option — 17,500 shares (Direct);
Phantom Stock — 39,328.65 shares (Direct);
Common Stock — 20,564 shares (Indirect, Wife's-Trust);
Common Stock — 2,602 shares (Indirect, Wife's IRA);
Common Stock — 53,187 shares (Indirect, Self-Trust)
Footnotes (5)
- F1. Self-Trust. Reporting person is a Trustee
- F2. Represents restricted shares of Common Stock. Such shares vest on the first three anniversaries of May 8, 2026 in equal annual installments, assuming continued service.
- F3. 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.
- F4. 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.
- F5. Includes 2,860.835 shares awarded July 31, 2025, October 31, 2025, January 30, 2026 and April 30, 2026 as dividend reinvestments on shares of phantom stock held by the reporting person pursuant to the Deferred Compensation Plan.
Key Figures
Restricted stock grant: 2,000 shares
Direct common shares after grant: 55,416 shares
Self‑trust indirect holdings: 53,187 shares
+5 more
8 metrics
Restricted stock grant
2,000 shares
Common Stock award on May 8, 2026
Direct common shares after grant
55,416 shares
Total direct Common Stock holdings after award
Self‑trust indirect holdings
53,187 shares
Common Stock held via self‑trust
Wife's IRA holdings
2,602 shares
Common Stock in wife’s IRA
Wife's trust holdings
20,564 shares
Common Stock in wife’s trust
Phantom stock underlying shares
39,328.650 shares
Common Stock equivalent under Deferred Compensation Plan
Stock option exercise price
$33.79 per share
One option grant for 2,500 underlying shares, expiring May 12, 2033
Highest option exercise price
$59.41 per share
Option for 2,500 shares, expiring May 5, 2027
Key Terms
restricted shares, Phantom Stock, Deferred Compensation Plan, Stock Option, +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 effective May 17, 2024"
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.
Stock Option financial
"Stock Option underlying Common Stock with exercise prices between 33.7900 and 59.4100"
A stock option is a contract that gives you the right to buy or sell a company's stock at a specific price within a certain time frame. People use them to potentially make money if the stock's price moves favorably or to protect against losses. It's like holding a coupon that can be used to buy or sell stock at a set price later on.
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"
AI-generated analysis. How Rhea-AI works. Not financial advice.
FAQ
What insider transaction did Saul Centers (BFS) report for Philip D. Caraci?
Saul Centers reported that director Philip D. Caraci received an award of 2,000 shares of Common Stock. The shares were granted at no cash cost to him as a restricted stock award under the company’s equity compensation arrangements.
What indirect Saul Centers (BFS) holdings are reported for Philip D. Caraci?
Indirectly, he reports 53,187 Common Stock shares in a self‑trust, 2,602 shares in his wife’s IRA, and 20,564 shares in his wife’s trust. These accounts expand his overall economic exposure to Saul Centers beyond his directly held shares.
What phantom stock and options linked to Saul Centers (BFS) does Caraci hold?
Caraci holds 39,328.650 phantom stock units linked to Saul Centers Common Stock under a deferred compensation plan. He also has multiple stock option awards for 2,500 underlying shares each, with exercise prices ranging from $33.79 to $59.41 and expirations between 2027 and 2033.
What plan governs Philip D. Caraci’s Saul Centers (BFS) phantom stock units?
The phantom shares are issued under Saul Centers’ Deferred Compensation Plan for Directors tied to its 2024 Stock Incentive Plan. Conversion of these units into Common Stock follows terms in the Deferred Compensation Plan and the reporting person’s Deferred Fee Agreement.