Form 4: Saul Centers Director George Patrick Clancy Jr. Acquires Shares Through Dividend Equivalents
SEC Form 4 Filing
Director George Patrick Clancy Jr. acquired 46 shares of Saul Centers, Inc. common stock through dividend equivalents on restricted stock.
Summary
- On May 20, 2025, George Patrick Clancy Jr., a director of Saul Centers, Inc., acquired 46 shares of common stock.
- The acquisition was made through an exempt transaction as dividend equivalents on the filer's restricted stock award, which vested on May 20, 2025.
- The price per share was $33.81.
- Following the transaction, Clancy directly owns 16,915 shares of Saul Centers, Inc. common stock.
- Clancy also holds various director stock options with different exercise prices and expiration dates, as well as phantom stock units.
Sentiment
Score: 6
Explanation: The sentiment is neutral to slightly positive. The director's acquisition of shares suggests confidence, but it's a routine transaction.
Positives
- The acquisition of shares by a director can be seen as a positive sign, indicating confidence in the company's future performance.
Industry Context
Form 4 filings are a routine part of corporate governance, providing transparency into the transactions of company insiders. This filing indicates a director's continued investment in the company.
Corporate Governance
| Change Type | Description | Effective Date | Impact Assessment |
|---|---|---|---|
| Deferred Compensation Plan Amendment | The Issuer's Deferred Compensation Plan for Directors was amended and restated effective May 17, 2024. | 05/17/2024 | The conversion of phantom shares is now governed by the terms of the Issuer's Deferred Compensation Plan under its 2024 Stock Plan. |
Stakeholder Impact
- The transaction has a minimal impact on stakeholders as it involves a small number of shares acquired as dividend equivalents.
Key Dates
| Date | Description |
|---|---|
| 05/06/2016 | Date exercisable for Director Stock Option with an exercise price of $57.74 and expiration date of 05/06/2026. |
| 05/05/2017 | Date exercisable for Director Stock Option with an exercise price of $59.41 and expiration date of 05/05/2027. |
| 05/11/2018 | Date exercisable for Director Stock Option with an exercise price of $49.46 and expiration date of 05/11/2028. |
| 05/03/2019 | Date exercisable for Director Stock Option with an exercise price of $55.71 and expiration date of 05/03/2029. |
| 04/24/2020 | Date exercisable for Director Stock Option with an exercise price of $50 and expiration date of 04/24/2030. |
| 05/07/2021 | Date exercisable for Director Stock Option with an exercise price of $43.89 and expiration date of 05/07/2031. |
| 05/13/2022 | Date exercisable for Director Stock Option with an exercise price of $47.9 and expiration date of 05/13/2032. |
| 05/09/2023 | Date exercisable for Director Stock Option with an exercise price of $33.79 and expiration date of 05/12/2033. |
| 05/17/2024 | Effective date of the amended and restated Deferred Compensation Plan for Directors. |
| 05/20/2025 | Date of the transaction where George Patrick Clancy Jr. acquired 46 shares of common stock as dividend equivalents. |
| 05/21/2025 | Date of the Form 4 filing. |
Keywords
Saul Centers, Director, Stock Acquisition, Dividend Equivalents, Restricted Stock, Form 4, Insider Trading
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