Form 4: Saul Centers Exec VP Joel Friedman Reports Stock Acquisition
SEC Form 4 Filing
Joel Friedman, Exec VP, CAO & Treasurer of Saul Centers, Inc., reports acquisition of common stock and dividend equivalents.
Summary
- Joel Friedman, an executive at Saul Centers, Inc., filed a Form 4 detailing changes in beneficial ownership.
- On May 17, 2025, Friedman acquired 27 shares of common stock at $34.39 per share.
- These shares were acquired as dividend equivalents on a restricted stock award that vested on the same date.
- Friedman also indirectly owns 4,375.57 shares of common stock through a 401(k) plan.
- Additionally, Friedman holds options to purchase a total of 125,000 shares of common stock at various exercise prices and expiration dates, as well as performance shares.
Sentiment
Score: 5
Explanation: The sentiment is neutral as it's a routine filing of stock transactions. There's no indication of significant positive or negative sentiment.
Positives
- The acquisition of shares, even through dividend equivalents, increases Friedman's stake in the company, potentially aligning his interests with shareholders.
Industry Context
Form 4 filings are a routine part of insider trading regulations, providing transparency into the transactions of company executives and directors. This filing indicates the executive's continued investment in the company.
Stakeholder Impact
- The filing provides transparency to shareholders regarding executive stock ownership.
Key Dates
| Date | Description |
|---|---|
| 04/01/2009 | Shares formerly held by the B.F. Saul Company Employees' Profit Sharing Reinvestment Trust were distributed to individual 401(k) plan accounts. |
| 05/06/2016 | Date of grant for employee stock option with an exercise price of $57.74, expiring on 05/06/2026. |
| 05/05/2017 | Date of grant for employee stock option with an exercise price of $59.41, expiring on 05/05/2027. |
| 05/11/2018 | Date of grant for employee stock option with an exercise price of $49.46, expiring on 05/11/2028. |
| 05/03/2019 | Date of grant for employee stock option with an exercise price of $55.71, expiring on 05/03/2029. |
| 04/24/2020 | Date of grant for employee stock option with an exercise price of $50, expiring on 04/24/2030. |
| 05/07/2021 | Date of grant for employee stock option with an exercise price of $43.89, expiring on 05/07/2031. |
| 05/13/2022 | Date of grant for employee stock option with an exercise price of $47.9, expiring on 05/13/2032. |
| 05/12/2023 | Date of grant for employee stock option with an exercise price of $33.79, expiring on 05/12/2033. |
| 05/17/2025 | Date of transaction: Acquisition of 27 shares of common stock and vesting of restricted stock award. |
| 05/17/2029 | Expiration date for performance shares. |
| 05/09/2030 | Expiration date for performance shares. |
Keywords
Form 4, Beneficial Ownership, Stock Acquisition, Saul Centers, Joel Friedman, Dividend Equivalents, Common Stock, Options, 401k
Disclaimer:The information provided here is for general informational purposes only and does not constitute financial advice, recommendation, or endorsement of any kind. It may contain errors or omissions. You should not rely on this information to make financial decisions. Always seek the advice of a qualified financial professional before making any investment or financial decisions. Use of this information is at your own risk.