Form 4: Saul Centers Director Acquires 2,000 Shares of Common Stock
SEC Form 4 Filing
Andrew M. Saul II, a director of Saul Centers, Inc., acquired 2,000 shares of common stock on May 17, 2024.
Summary
- On May 17, 2024, Andrew M. Saul II, a director of Saul Centers, Inc., acquired 2,000 shares of common stock.
- The shares were acquired at a price of $0.
- Following the transaction, Saul directly owns 3,800 shares of Saul Centers, Inc.
- Saul also holds multiple stock options with varying exercise prices and expiration dates.
Sentiment
Score: 6
Explanation: The sentiment is neutral to slightly positive. A director purchasing shares suggests confidence, but the amount is relatively small and part of a vesting schedule.
Positives
- A director's acquisition of company stock can be seen as a positive signal, indicating confidence in the company's future prospects.
Future Outlook
The acquired shares are subject to vesting over three years, contingent on continued service.
Industry Context
Form 4 filings are routine disclosures required by the SEC to provide transparency into the transactions of company insiders.
Stakeholder Impact
- The acquisition of shares by a director could have a slightly positive impact on shareholder sentiment.
Key Dates
| Date | Description |
|---|---|
| 05/08/2015 | Date of stock option grant with an exercise price of $51.07 and an expiration date of 05/08/2025. |
| 05/06/2016 | Date of stock option grant with an exercise price of $57.74 and an expiration date of 05/06/2026. |
| 05/05/2017 | Date of stock option grant with an exercise price of $59.41 and an expiration date of 05/05/2027. |
| 05/11/2018 | Date of stock option grant with an exercise price of $49.46 and an expiration date of 05/11/2028. |
| 05/03/2019 | Date of stock option grant with an exercise price of $55.71 and an expiration date of 05/03/2029. |
| 04/24/2020 | Date of stock option grant with an exercise price of $50 and an expiration date of 04/24/2030. |
| 05/07/2021 | Date of stock option grant with an exercise price of $43.89 and an expiration date of 05/07/2031. |
| 05/13/2022 | Date of stock option grant with an exercise price of $47.9 and an expiration date of 05/13/2032. |
| 05/12/2023 | Date of stock option grant with an exercise price of $33.79 and an expiration date of 05/12/2033. |
| 05/17/2024 | Date of the transaction where Andrew M. Saul II acquired 2,000 shares of common stock; vesting starts on this date. |
| 05/21/2024 | Date of the signature on the Form 4 filing. |
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