Form 4: Saul Centers SVP Donald Hachey Reports Changes in Beneficial Ownership
SEC Form 4 Filing
Donald Hachey, SVP-Chief Construction Officer of Saul Centers, Inc., reports acquisition and disposal of common stock and holdings of derivative securities.
Summary
- On May 17, 2025, Donald Hachey, SVP-Chief Construction Officer of Saul Centers, Inc., reported changes in beneficial ownership.
- He disposed of 96 shares of common stock at a price of $34.39.
- He acquired 15 shares of common stock at a price of $34.39 as dividend equivalents on a restricted stock award that vested on May 17, 2025.
- Following these transactions, Hachey beneficially owns 3,369 shares of common stock directly.
- Hachey also holds employee stock options for various amounts of common stock, vesting 25% per year over four years from the grant date, and performance shares.
Sentiment
Score: 5
Explanation: The sentiment is neutral. The transactions are relatively small and include both a disposal and an acquisition of shares. The acquisition is related to dividend equivalents, which is a positive but not a major driver of sentiment.
Positives
- The acquisition of 15 shares as dividend equivalents indicates a return on existing restricted stock awards.
Negatives
- The disposal of 96 shares could be interpreted negatively, although the quantity is small.
Industry Context
Form 4 filings are a routine part of corporate governance, providing transparency into the transactions of company insiders. These filings are closely watched by investors seeking insights into management's perspective on the company's stock.
Comparison to Industry Standards
- Monitoring insider transactions is a standard practice in corporate governance, ensuring transparency and preventing potential abuse of information.
- Companies like Simon Property Group (SPG) and Regency Centers (REG) also have insider transaction reporting, which is publicly available.
- Comparing the frequency and nature of insider transactions across these companies can provide insights into the sentiment of management and other key personnel.
Stakeholder Impact
- The transactions are unlikely to have a significant impact on stakeholders due to the small number of shares involved.
Key Dates
| Date | Description |
|---|---|
| 05/06/2016 | Date of grant for an employee stock option with an exercise price of $57.74, expiring on 05/06/2026. |
| 05/05/2017 | Date of grant for an employee stock option with an exercise price of $59.41, expiring on 05/05/2027. |
| 05/11/2018 | Date of grant for an employee stock option with an exercise price of $49.46, expiring on 05/11/2028. |
| 05/03/2019 | Date of grant for an employee stock option with an exercise price of $55.71, expiring on 05/03/2029. |
| 04/24/2020 | Date of grant for an employee stock option with an exercise price of $50, expiring on 04/24/2030. |
| 05/07/2021 | Date of grant for an employee stock option with an exercise price of $43.89, expiring on 05/07/2031. |
| 05/13/2022 | Date of grant for an employee stock option with an exercise price of $47.9, expiring on 05/13/2032. |
| 05/12/2023 | Date of grant for an employee stock option with an exercise price of $33.79, expiring on 05/12/2033. |
| 05/17/2025 | Date of transaction: disposal of 96 shares and acquisition of 15 shares as dividend equivalents; restricted stock award vested. |
| 05/17/2029 | Expiration date for performance shares. |
| 05/09/2030 | Expiration date for performance shares. |
Keywords
beneficial ownership, Form 4, Saul Centers, stock options, common stock, dividend equivalents, restricted stock, insider trading
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