Form 4: Saul Centers COO Boosts Stake
Insider Transaction Report
Saul Centers' President and COO, David Todd Pearson, increased his direct beneficial ownership by purchasing 3,348 shares of common stock at $29.862 per share.
Summary
- David Todd Pearson, President & COO and Director of Saul Centers, Inc. (BFS), purchased 3,348 shares of common stock on November 12, 2025.
- The purchase was executed at a price of $29.862 per share.
- Following this transaction, Pearson's direct beneficial ownership of common stock increased to 50,566.916 shares.
- His indirect beneficial ownership, held in a Spouse IRA, stands at 2,368.427 shares.
- The direct beneficial ownership balance also increased by 54.416 shares from an October 31, 2025 Dividend Reinvestment Plan award.
- The indirect beneficial ownership balance increased by 90.492 shares from July 31, 2025, and October 31, 2025, Dividend Reinvestment Plan awards.
- Pearson also holds various employee stock options, director stock options, and performance shares, with vesting schedules of 25% per year over four years from the grant date for options.
Sentiment
Score: 7
Explanation: The President and COO's purchase of company stock, coupled with participation in dividend reinvestment plans, signals strong management confidence in the company's valuation and future prospects.
Positives
- A key insider, the President & COO and Director, purchased additional shares, signaling strong confidence in the company's future prospects.
- The purchase of 3,348 shares at $29.862 per share represents a direct investment by management.
- Beneficial ownership increased through both direct purchase and participation in dividend reinvestment plans, demonstrating continued commitment and investment in the company.
Related Party Transactions
- David Todd Pearson, President & COO and Director, purchased 3,348 shares of common stock from the open market at $29.862 per share.
Stakeholder Impact
- Shareholders: May view the insider purchase as a positive signal, potentially increasing confidence in the stock and its future performance.
- Employees: No direct impact mentioned in this filing.
- Customers, Suppliers, Creditors: No direct impact mentioned in this filing.
Key Dates
| Date | Description |
|---|---|
| 05/05/2017 | Grant date for 5,000 employee stock options with an exercise price of $59.41. |
| 05/11/2018 | Grant date for 5,000 employee stock options with an exercise price of $49.46. |
| 05/03/2019 | Grant date for 7,500 employee stock options with an exercise price of $55.71. |
| 04/24/2020 | Grant date for 15,000 employee stock options with an exercise price of $50. |
| 05/07/2021 | Grant date for 25,000 employee stock options with an exercise price of $43.89. |
| 05/13/2022 | Grant date for 30,000 employee stock options with an exercise price of $47.90. |
| 05/12/2023 | Grant date for 30,000 employee stock options and 2,500 director stock options, both with an exercise price of $33.79. |
| 07/31/2025 | Dividend Reinvestment Plan award contributed to indirect beneficial ownership. |
| 10/31/2025 | Dividend Reinvestment Plan award contributed to both direct and indirect beneficial ownership. |
| 11/12/2025 | Date of common stock purchase transaction by David Todd Pearson. |
| 11/13/2025 | Date of filing signature. |
| 05/05/2027 | Expiration date for 5,000 employee stock options granted on 05/05/2017. |
| 05/11/2028 | Expiration date for 5,000 employee stock options granted on 05/11/2018. |
| 05/03/2029 | Expiration date for 7,500 employee stock options granted on 05/03/2019. |
| 05/17/2029 | Expiration date for 14,000 performance shares. |
| 04/24/2030 | Expiration date for 15,000 employee stock options granted on 04/24/2020. |
| 05/09/2030 | Expiration date for 17,500 performance shares. |
| 05/07/2031 | Expiration date for 25,000 employee stock options granted on 05/07/2021. |
| 05/13/2032 | Expiration date for 30,000 employee stock options granted on 05/13/2022. |
| 05/12/2033 | Expiration date for 30,000 employee stock options and 2,500 director stock options granted on 05/12/2023. |
Recommendation
holdThe purchase of common stock by a high-ranking executive like the President and COO indicates management's confidence in the company's future performance and valuation. This insider buying, combined with ongoing participation in dividend reinvestment plans, provides a positive signal to the market, reinforcing a 'hold' position for existing investors and potentially attracting new ones who see this as a vote of confidence.
Keywords
Saul Centers, BFS, Insider Trading, Stock Purchase, Form 4, David Todd Pearson, Common Stock, Dividend Reinvestment Plan, Employee Stock Options, Real Estate
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