Form 4: Saul Centers, Inc. Executive Acquires Shares in Recent Transaction
SEC Form 4
David Todd Pearson, President & COO of Saul Centers, Inc., reports the acquisition of 2,300 common shares at $36.5214 per share on March 15, 2024.
Summary
- On March 15, 2024, David Todd Pearson, the President & COO of Saul Centers, Inc. (BFS), acquired 2,300 common shares of the company at a price of $36.5214 per share.
- Following this transaction, Pearson directly owns 6,204.22 common shares.
- Pearson also indirectly owns 2,098.414 common shares through a spouse's IRA.
- The reported transactions also include holdings of employee stock options with varying exercise prices and expiration dates.
- These options vest 25% per year over four years from the date of grant.
Sentiment
Score: 6
Explanation: The sentiment is neutral. It reflects a routine transaction by an executive, which can be interpreted as a sign of confidence, but it's not overwhelmingly positive.
Positives
- The purchase of shares by a company executive can be seen as a positive signal, indicating confidence in the company's future prospects.
Industry Context
Form 4 filings are a routine part of the regulatory landscape for publicly traded companies, providing transparency into the transactions of company insiders.
Stakeholder Impact
- The transaction could have a minor positive impact on shareholder sentiment.
Key Dates
| Date | Description |
|---|---|
| 05/05/2017 | Date of grant for Employee Stock Option with exercise price $59.41 and expiration date 05/05/2027 |
| 05/11/2018 | Date of grant for Employee Stock Option with exercise price $49.46 and expiration date 05/11/2028 |
| 05/03/2019 | Date of grant for Employee Stock Option with exercise price $55.71 and expiration date 05/03/2029 |
| 04/24/2020 | Date of grant for Employee Stock Option with exercise price $50 and expiration date 04/24/2030 |
| 05/07/2021 | Date of grant for Employee Stock Option with exercise price $43.89 and expiration date 05/07/2031 |
| 05/13/2022 | Date of grant for Employee Stock Option with exercise price $47.9 and expiration date 05/13/2032 |
| 05/12/2023 | Date of grant for Employee Stock Option with exercise price $33.79 and expiration date 05/12/2033 |
| 03/15/2024 | Date of transaction: Purchase of 2,300 common shares at $36.5214 |
| 03/19/2024 | Date of signature for the report |
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