Pearson David Todd 4
4 · SAUL CENTERS, INC. · Filed May 19, 2026
Research Summary
AI-generated summary of this filing
Saul Centers (BFS) COO David Pearson Receives Award; Shares Withheld
What Happened
- David Pearson, President & COO and a director of Saul Centers (BFS), received 341 shares as an award (dividend-equivalent restricted stock) that vested on May 17, 2026 (341 shares × $33.00 = $11,253). To satisfy tax withholding on the vesting, 1,205 shares were surrendered/withheld (1,205 × $33.00 = $39,765). This was not an open-market purchase or sale but routine vesting and tax withholding on equity compensation.
Key Details
- Transaction date: May 17, 2026; Filing date: May 19, 2026 (appears timely).
- Price used for reporting: $33.00 per share.
- Shares involved: 1,546 total dividend-equivalent shares vested; 341 acquired net, 1,205 disposed/withheld for taxes.
- Footnotes: F1 — these were dividend equivalents on a restricted stock award that vested on May 17, 2026; F2 — the filer’s options vest 25% per year over four years (vesting schedule noted in the filing).
- Shares owned after the transaction: not specified in the provided excerpt.
Context
- Code A = award/acquisition (grant of shares); Code F = shares used to satisfy tax withholding (disposition). Withholding of shares to cover taxes on vested awards is common and does not reflect an open-market sale or a change in investment stance.
- Awards like these are compensation-related and differ from purchases (which may indicate bullishness) or voluntary sales.
Insider Transaction Report
Form 4
Pearson David Todd
DirectorPresident & COO
Transactions
- Tax Payment
Common Stock
2026-05-17$33.00/sh−1,205$39,765→ 76,380.281 total - Award
Common Stock
[F1]2026-05-17$33.00/sh+341$11,253→ 76,721.281 total
Holdings
- 2,456.635(indirect: By Spouse)
Common Stock
- 5,000
Employee Stock Option
[F2]Exercise: $59.41From: 2017-05-05Exp: 2027-05-05→ Common Stock (5,000 underlying) - 5,000
Employee Stock Option
[F2]Exercise: $49.46From: 2018-05-11Exp: 2028-05-11→ Common Stock (5,000 underlying) - 7,500
Employee Stock Option
[F2]Exercise: $55.71From: 2019-05-03Exp: 2029-05-03→ Common Stock (7,500 underlying) - 15,000
Employee Stock Option
[F2]Exercise: $50.00From: 2020-04-24Exp: 2030-04-24→ Common Stock (15,000 underlying) - 25,000
Employee Stock Option
[F2]Exercise: $43.89From: 2021-05-07Exp: 2031-05-07→ Common Stock (25,000 underlying) - 30,000
Employee Stock Option
[F2]Exercise: $47.90From: 2022-05-13Exp: 2032-05-13→ Common Stock (30,000 underlying) - 30,000
Employee Stock Option
[F2]Exercise: $33.79From: 2023-05-12Exp: 2033-05-12→ Common Shares (30,000 underlying) - 2,500
Director Stock Option
Exercise: $33.79From: 2023-05-12Exp: 2033-05-12→ Common Stock (2,500 underlying) - 14,000
Performance Shares
Exercise: $0.00From: 2030-05-09Exp: 2030-05-09→ Common Stock (14,000 underlying) - 10,500
Performance Shares
Exercise: $0.00From: 2029-05-17Exp: 2029-05-17→ Common Stock (10,500 underlying) - 17,500
Performance Shares
Exercise: $0.00From: 2031-05-08Exp: 2031-05-08→ Common Stock (17,500 underlying)
Footnotes (2)
- [F1]Shares acquired in an exempt transaction as dividend equivalents on filers restricted stock award, which vested on May 17, 2026.
- [F2]The options vest 25% per year over four years from the date of grant.
Signature
/s/ Carlos L. Heard, by Power of Attorney|2026-05-19