Form 4: Saul Centers Inc. Executive Donald Hachey Reports Stock Transactions
SEC Form 4
Senior Vice President of Construction at Saul Centers, Donald Hachey, reports acquisition of common stock and performance shares.
Summary
- On March 6, 2025, Donald Hachey, Senior Vice President of Construction at Saul Centers, Inc., reported acquiring 300 shares of common stock and 150 performance shares.
- The 300 shares were acquired at $0 and are restricted shares that vest on May 17, 2029, assuming continued employment.
- The 150 performance shares were also acquired at $0 and were earned based on the achievement of performance criteria for the period of January 1, 2024, to December 31, 2024, and also vest on May 17, 2029, assuming continued employment.
- Following these transactions, Hachey directly owns 1,950 shares of common stock.
- Hachey also holds multiple employee stock options with varying exercise prices and expiration dates, as well as 1,200 performance shares.
Sentiment
Score: 6
Explanation: The sentiment is neutral as it simply reports stock transactions by an executive. The acquisition of performance shares is a slightly positive sign.
Positives
- The acquisition of performance shares suggests that the company met certain performance criteria during the specified period.
Industry Context
Form 4 filings are a routine part of corporate governance, providing transparency into the transactions of company insiders.
Stakeholder Impact
- The transactions may have a minor positive impact on shareholder confidence due to the executive's increased stake in the company.
Key Dates
| Date | Description |
|---|---|
| 05/08/2015 | Grant date of employee stock option with an exercise price of $51.07 and an expiration date of 05/08/2025 |
| 05/06/2016 | Grant date of employee stock option with an exercise price of $57.74 and an expiration date of 05/06/2026 |
| 05/05/2017 | Grant date of employee stock option with an exercise price of $59.41 and an expiration date of 05/05/2027 |
| 05/11/2018 | Grant date of employee stock option with an exercise price of $49.46 and an expiration date of 05/11/2028 |
| 05/03/2019 | Grant date of employee stock option with an exercise price of $55.71 and an expiration date of 05/03/2029 |
| 04/24/2020 | Grant date of employee stock option with an exercise price of $50 and an expiration date of 04/24/2030 |
| 05/07/2021 | Grant date of employee stock option with an exercise price of $43.89 and an expiration date of 05/07/2031 |
| 05/13/2022 | Grant date of employee stock option with an exercise price of $47.9 and an expiration date of 05/13/2032 |
| 05/12/2023 | Grant date of employee stock option with an exercise price of $33.79 and an expiration date of 05/12/2033 |
| 01/01/2024 | Start date of the performance period for the performance shares. |
| 12/31/2024 | End date of the performance period for the performance shares. |
| 03/06/2025 | Date of the reported transactions: acquisition of common stock and performance shares. |
| 03/10/2025 | Date of signature on the Form 4 filing. |
| 05/17/2029 | Vesting date for the restricted shares of common stock and performance shares. |
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