Form 4: Saul Centers Director Clancy Acquires Shares and Holds Stock Options
SEC Form 4 Filing
Director George Patrick Clancy Jr. acquired 2,000 shares of Saul Centers, Inc. common stock and holds various stock options, according to a recent SEC filing.
Summary
- On May 17, 2024, George Patrick Clancy Jr., a director of Saul Centers, Inc., acquired 2,000 shares of common stock.
- These shares were acquired at a price of $0.
- Following the transaction, Clancy directly owns 12,591 shares of common stock.
- Clancy also holds multiple director stock options with varying exercise prices and expiration dates, each for 2,500 shares of common stock.
- Additionally, Clancy holds 5,118.662 shares of phantom stock through the company's Deferred Compensation Plan.
- The balance of phantom stock increased by 84.596 shares due to a dividend reinvestment on April 30, 2024.
Sentiment
Score: 6
Explanation: The sentiment is neutral. The director's acquisition of shares is a positive sign, but it's a routine transaction.
Positives
- The director's acquisition of shares may signal confidence in the company's future performance.
Industry Context
Form 4 filings are standard disclosures required by the SEC to provide transparency into the transactions of company insiders. These filings are closely watched by investors to gauge sentiment and potential future performance.
Stakeholder Impact
- The director's stock acquisition could positively influence shareholder sentiment.
Key Dates
| Date | Description |
|---|---|
| 05/08/2015 | Date of Director Stock Option with expiration date 05/08/2025 and exercise price of $51.07. |
| 05/06/2016 | Date of Director Stock Option with expiration date 05/06/2026 and exercise price of $57.74. |
| 05/05/2017 | Date of Director Stock Option with expiration date 05/05/2027 and exercise price of $59.41. |
| 05/11/2018 | Date of Director Stock Option with expiration date 05/11/2028 and exercise price of $49.46. |
| 05/03/2019 | Date of Director Stock Option with expiration date 05/03/2029 and exercise price of $55.71. |
| 04/24/2020 | Date of Director Stock Option with expiration date 04/24/2030 and exercise price of $50. |
| 05/07/2021 | Date of Director Stock Option with expiration date 05/07/2031 and exercise price of $43.89. |
| 05/13/2022 | Date of Director Stock Option with expiration date 05/13/2032 and exercise price of $47.9. |
| 05/09/2023 | Date of Director Stock Option with expiration date 05/12/2033 and exercise price of $33.79. |
| 04/30/2024 | Dividend Reinvestment Plan award of 84.596 shares. |
| 05/17/2024 | Date of transaction where director acquired 2,000 shares of common stock. |
| 05/21/2024 | Date of filing. |
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