Form 4: Saul Centers Director Clancy Reports Stock and Option Transactions
SEC Form 4
Director George Patrick Clancy Jr. reports acquisition of phantom stock and holdings of common stock and stock options in Saul Centers, Inc.
Summary
- On October 1, 2024, Director George Patrick Clancy Jr. reported transactions related to Saul Centers, Inc.
- The transactions include the acquisition of 476.645 phantom stock units at a price of $41.96.
- 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.
Sentiment
Score: 5
Explanation: The document is a standard regulatory filing, so the sentiment is neutral.
Industry Context
Form 4 filings are a routine part of corporate governance, providing transparency into the transactions of company insiders.
Corporate Governance
| Change Type | Description | Effective Date | Impact Assessment |
|---|---|---|---|
| Deferred Compensation Plan Amendment | The Issuers Deferred Compensation Plan for Directors was amended and restated effective May 17, 2024, under its 2024 Stock Incentive Plan. | 05/17/2024 | The amendment affects the terms governing the conversion of phantom shares into common stock. |
Stakeholder Impact
- Shareholders can monitor insider transactions for insights into management's perspective on the company's value.
Key Dates
| Date | Description |
|---|---|
| 05/08/2015 | Director Stock Option exercisable, $51.07, expires 05/08/2025, for 2,500 shares |
| 05/06/2016 | Director Stock Option exercisable, $57.74, expires 05/06/2026, for 2,500 shares |
| 05/05/2017 | Director Stock Option exercisable, $59.41, expires 05/05/2027, for 2,500 shares |
| 05/11/2018 | Director Stock Option exercisable, $49.46, expires 05/11/2028, for 2,500 shares |
| 05/03/2019 | Director Stock Option exercisable, $55.71, expires 05/03/2029, for 2,500 shares |
| 04/24/2020 | Director Stock Option exercisable, $50, expires 04/24/2030, for 2,500 shares |
| 05/07/2021 | Director Stock Option exercisable, $43.89, expires 05/07/2031, for 2,500 shares |
| 05/13/2022 | Director Stock Option exercisable, $47.9, expires 05/13/2032, for 2,500 shares |
| 05/09/2023 | Director Stock Option exercisable, $33.79, expires 05/12/2033, for 2,500 shares |
| 05/17/2024 | Amendment and restatement of the Issuers Deferred Compensation Plan for Directors effective |
| 07/31/2024 | 85.753 shares awarded as dividend reinvestments on shares of phantom stock |
| 10/01/2024 | Date of Earliest Transaction: Acquisition of 476.645 phantom stock units |
| 10/02/2024 | Date of filing by Power of Attorney |
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