Form 4: Saul Centers Inc. Executive Carlos Heard Reports Stock Transactions
SEC Form 4
Carlos Heard, Senior Vice President & CFO of Saul Centers, Inc., reports the disposition and acquisition of common stock, including shares from dividend equivalents and derivative securities.
Summary
- Carlos Lawrence Heard, Senior Vice President & CFO of Saul Centers, Inc., filed a Form 4 detailing changes in beneficial ownership.
- On May 17, 2025, Heard disposed of 131 shares of common stock at $34.39 per share.
- On the same date, Heard acquired 20 shares of common stock as dividend equivalents.
- Following these transactions, Heard beneficially owns 4,699.252 shares of common stock.
- Heard also holds employee stock options for 10,000 shares at $43.89 (exercisable from May 7, 2021), 15,000 shares at $47.9 (exercisable from May 13, 2022), and 15,000 shares at $33.79 (exercisable from May 12, 2023).
- He also holds performance shares for 1,600 shares (May 17, 2029) and 2,000 shares (May 09, 2030).
Sentiment
Score: 5
Explanation: The sentiment is neutral as the filing is a standard reporting of stock transactions by an executive. There's no inherent positive or negative implication.
Positives
- The acquisition of 20 shares as dividend equivalents is a positive sign, indicating the company's performance allows for such distributions.
Industry Context
Form 4 filings are a routine part of corporate governance, providing transparency into the trading activities of company insiders. They are closely watched by investors seeking insights into management's perspective on the company's stock.
Stakeholder Impact
- The filing provides transparency to shareholders regarding insider transactions.
Key Dates
| Date | Description |
|---|---|
| 05/07/2021 | Date from which employee stock options for 10,000 shares at $43.89 vest (25% per year over four years). |
| 05/13/2022 | Date from which employee stock options for 15,000 shares at $47.9 vest (25% per year over four years). |
| 05/12/2023 | Date from which employee stock options for 15,000 shares at $33.79 vest (25% per year over four years). |
| 05/17/2025 | Date of common stock disposition and acquisition of dividend equivalents. |
| 05/17/2029 | Date of performance shares for 1,600 shares. |
| 05/09/2030 | Date of performance shares for 2,000 shares. |
| 05/07/2031 | Expiration date for employee stock options for 10,000 shares at $43.89. |
| 05/13/2032 | Expiration date for employee stock options for 15,000 shares at $47.9. |
| 05/12/2033 | Expiration date for employee stock options for 15,000 shares at $33.79. |
Keywords
Form 4, Beneficial Ownership, Stock Options, Dividend Equivalents, Saul Centers, BFS, Carlos Heard
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