Carlos Lawrence Heard, who serves as Senior Vice President and Chief Financial Officer at Saul Centers, Inc. (BFS), completed a purchase of 500 shares of the companys Series D Preferred Stock on March 30, 2026. The shares were acquired at $20.60 apiece, resulting in a total outlay of $10,300.
Following the March 30 purchase, Heards direct ownership includes 4,500 shares of Series D Preferred Stock and 5,930.835 shares of Common Stock.
Heards broader equity compensation landscape remains detailed and layered. He holds options for 10,000 shares of Common Stock exercisable at $43.89, which vest at a rate of 25% per year beginning May 7, 2021. In addition, he has options for 15,000 shares of Common Stock at an exercise price of $47.90 that vest 25% annually starting May 13, 2022, and another set of options for 15,000 shares at an exercise price of $33.79 vesting 25% per year from May 12, 2023. Heard also holds performance-based awards comprising 1,200 performance shares that expire on May 17, 2029 and 1,600 performance shares that expire on May 9, 2030.
The insider purchase arrives against a backdrop of steady dividend policy at Saul Centers. InvestingPro data, cited in company reporting, lists the REITs dividend yield at 7.24% and notes that the company has paid dividends for 34 consecutive years. Separately, Saul Centers declared a quarterly common dividend of $0.59 per share, to be paid April 30, 2026 to shareholders of record as of April 15, 2026. The dividend amount mirrors the payout for both the prior quarter and the comparable quarter in the previous year.
In its announcement surrounding the dividend, Saul Centers did not disclose any changes to earnings or revenue figures. The company also did not report any new mergers or acquisitions, and there were no mentions of analyst upgrades, downgrades, or updated analyst opinions in the statement. The companys recent disclosures therefore focus on the cash distribution to common shareholders rather than operational or transactional developments.
This report records the insider purchase and summarizes the companys most recent dividend and disclosure activity. Where available, the underlying data points including transaction date, share counts, option exercise prices, vesting schedules, dividend amounts and record and payment dates are presented as reported.