By Order of the Board of Directors |
Senior Vice President, and Secretary |
Name | Age | Principal Occupation and Directorships | |||||||||||
Class One Directors-Term Ends at | |||||||||||||
Philip D. Caraci | Vice Chairman since March 2003, Director since June 1993. President from 1993 to March 2003. Senior Vice President and Secretary of the B. F. Saul Real Estate Investment Trust from 1987 to 2003. Executive Vice President of the B. F. Saul Company from 1987 to 2003, with which he had been associated since 1972. President of B. F. Saul Property Company from 1986 to 2003. Trustee of the B. F. Saul Real Estate Investment Trust*. Through these experiences, Mr. Caraci contributes real estate expertise and familiarity with the Company’s business to the Board. | ||||||||||||
Willoughby B. Laycock | 33 | Director since March 2019. Senior Vice President, Residential Marketing Initiatives since May 2019. Vice President, Residential Development from May 2018 to May 2019. Assistant Vice President, Residential Marketing from 2016 through 2018. Ms. Laycock previously worked as a financial analyst at Dalton Investments and Davis Advisors. Ms. Laycock earned a degree in Psychology from Princeton University and an MBA from Columbia University, in its Value Investing Program. Ms. Laycock is the granddaughter of the Company's Chairman, Chief Executive Officer and President, B. Francis Saul II, and the niece of Andrew M. Saul II, a member of the Board. | Through these experiences, Ms. Laycock contributes financial acumen and multi-family marketing and development experience to the Board. | ||||||||||
Earl A. Powell III | Director since March 2018. Director Emeritus of the National Gallery of Art since Through these experiences, Mr. Powell contributes leadership, management and governance expertise to the Board. | ||||||||||||
Mark Sullivan III | Director since April 2008, previously served as Director from 1997 through 2002. U.S. Executive Director of the European Bank for Reconstruction and Development from 2002 to April 2008. Attorney representing financial service providers from 2000 to 2002. President of the Small Business Funding Corporation, a company providing a secondary market facility for the purchase and securitization of small business loans from 1996 to 1999. Practiced law in Washington, DC, advising senior management of financial institutions on legal and policy matters from 1989 to 1996. Director of The Baltic American Freedom Foundation, where he is Chairman of the Audit Committee. Through these experiences, Mr. Sullivan III contributes financial and legal expertise to the Board. | ||||||||||||
Name | Age | Principal Occupation and Directorships | |||||||||||
Class Two Directors-Term Ends at 2022 Annual Meeting | |||||||||||||
George P. Clancy, Jr. | 77 | Director since March 2012. Mr. Clancy is a retired Executive Vice President and Mid-Atlantic Region Market President of Chevy Chase Bank, a division of Capital One, N.A. Mr. Clancy has extensive experience in banking, which includes serving as President and Chief Operating Officer of the Riggs National Corporation* and President and Chief Executive Officer of Signet Bank, N.A.* He serves on the boards and the audit committees of ASB Capital Management, LLC and Chevy Chase Trust Company. Until July 2018, Mr. Clancy served as a director of WGL Holdings, Inc. and chaired its Audit Committee. He is a director of the Mary and Daniel Loughran Foundation and is a member of the Finance and Audit Committee of Catholic Charities of the Archdiocese of Washington. Through these experiences, Mr. Clancy contributes public company, real estate, finance, governance and leadership experience to the Board. | |||||||||||
J. Page Lansdale | 63 | Director since June 2014. President and Chief Operating Officer from May 2014 to September 2019.Executive Vice President - Real Estate from September 2012 to May 2014. Senior Vice President of the Company from 2009 to 2012. Director of B. F. Saul Company since 2014. Trustee of the B. F. Saul Real Estate Investment Trust since 2014. Beginning in 1990, Mr. Lansdale held various positions with Chevy Chase Bank, F. S. B., including Senior Vice President of Corporate Real Estate from 2004 to 2009. Through these experiences, Mr. Lansdale contributes public company, real estate, design, development and construction and leadership experience to the Board. | |||||||||||
Andrew M. Saul II | 55 | Director since June 2014. Mr. A. M. Saul II is the Chief Executive Officer and co-founder of Genovation Cars. Director of B. F. Saul Company since 2013. Trustee of B. F. Saul Real Estate Investment Trust since 2014. Mr. A. M. Saul II earned a degree in Economics and History from Villanova University and an MBA from the University of Maryland. Mr. A.M. Saul II is the son of the Company’s Chairman, Chief Executive Officer and President, B. Francis Saul II, and the uncle of Willoughby B. Laycock, a member of the Board. Through these experiences, Mr. A. M. Saul II contributes innovation and leadership experience to the Board. | |||||||||||
Class Three Directors-Term Ends at | |||||||||||||
B. Francis Saul II | Chairman, Chief Executive Officer and Director since June Mr. B. Francis Saul II is the father of Mr. Andrew M. Saul II and the grandfather of Ms. Willoughby B. Laycock, each of whom serve on the Board. Through these experiences, Mr. B. Francis Saul II contributes leadership, real estate, governance and financial experience, as well as familiarity with the Company’s business, to the Board. | ||||||||||||
John E. Chapoton | Director since October 2002. Partner, Brown Investment Advisory since 2001. Partner in the law firm of Vinson & Elkins LLP from 1984 to 2000. Assistant Secretary of Treasury for Tax Policy 1981 to 1984. Former director of StanCorp Financial Group, Inc.* Through these experiences, Mr. Chapoton contributes investment, legal, public policy and public company experience to the Board. |
Name | Age | Principal Occupation and Directorships | |||||||||||
H. Gregory Platts | Director since March 2012. Mr. Platts retired from the National Geographic Society in 2011 after a 31-year career. He had been Senior Vice President and Treasurer since 1991, responsible for all investment and banking activities. Prior to joining the National Geographic Society in 1980, Mr. Platts served as a trust investment officer with the First American Bank in Washington, DC from 1972 to 1978. Mr. Platts currently serves on the boards of B. F. Saul Real Estate Investment Trust, ASB Capital Management, LLC, Chevy Chase Trust Company, the Center for the Study of the Presidency and Congress, the Walter A. Bloedorn Foundation, Washington National Monument Society and the Hattie M. Strong Foundation. He also Through these experiences, Mr. Platts contributes finance, leadership, governance and public policy experience to the Board. | ||||||||||||
John R. Whitmore | Director since June 1993. Financial Consultant. Senior Advisor to the Bessemer Group, Inc. from 1999 to 2002. Formerly President and Chief Executive Officer of the Bessemer Group and its Bessemer Trust Company subsidiaries (a financial management and banking group) and director of Bessemer Securities Corporation from 1975 to 1998. Director of Old Westbury Funds, Inc.* Trustee of the B. F. Saul Real Estate Investment Trust*. Former director of Chevy Chase Bank, Through these experiences, Mr. Whitmore contributes finance and public company experience to the Board. |
Name | Fees Earned or Paid in Cash | Stock Awards | Option Awards | Non-Equity Incentive Plan Compensation | Change in Pension Value and Non-Qualified Deferred Compensation Earnings | All Other Compensation | Total | ||||||||||||||||||||||||||||||||||||||||
(1) | (2) | (3) | |||||||||||||||||||||||||||||||||||||||||||||
Philip D. Caraci | $ | 41,700 | $ | 5,604 | $ | 2,100 | $ | — | $ | — | $ | — | $ | 49,404 | |||||||||||||||||||||||||||||||||
John E. Chapoton | 26,000 | 5,604 | 2,100 | — | — | — | 33,704 | ||||||||||||||||||||||||||||||||||||||||
George P. Clancy, Jr. | 39,400 | 5,604 | 2,100 | — | — | — | 47,104 | ||||||||||||||||||||||||||||||||||||||||
J. Page Lansdale | 26,000 | 5,604 | 2,100 | — | — | 75,000 | (4) | 108,704 | |||||||||||||||||||||||||||||||||||||||
Willoughby B. Laycock | 26,000 | 5,604 | 2,100 | — | — | — | 33,704 | ||||||||||||||||||||||||||||||||||||||||
H. Gregory Platts | 41,700 | 5,604 | 2,100 | — | — | — | 49,404 | ||||||||||||||||||||||||||||||||||||||||
Earl A. Powell III | 26,000 | 5,604 | 2,100 | — | — | — | 33,704 | ||||||||||||||||||||||||||||||||||||||||
Andrew M. Saul II | 26,000 | 5,604 | 2,100 | — | — | — | 33,704 | ||||||||||||||||||||||||||||||||||||||||
Mark Sullivan III | 26,000 | 5,604 | 2,100 | — | — | — | 33,704 | ||||||||||||||||||||||||||||||||||||||||
John R. Whitmore | 26,000 | 5,604 | 2,100 | — | — | — | 33,704 |
Name | Fees Earned or Paid in Cash | Stock Awards | Option Awards | Non-Equity Incentive Plan Compensation | Change in Pension Value and Non-Qualified Deferred Compensation Earnings | All Other Compensation | Total | ||||||||||||||||||||||||
(1) | (2) | (3) | |||||||||||||||||||||||||||||
Philip D. Caraci | $ | 26,000 | $ | 11,882 | $ | 15,050 | $ | — | $ | — | $ | 100,000 | (4 | ) | $ | 152,932 | |||||||||||||||
John E. Chapoton | 26,000 | 11,882 | 15,050 | — | — | — | 52,932 | ||||||||||||||||||||||||
George P. Clancy, Jr. | 44,200 | 11,882 | 15,050 | — | — | — | 71,132 | ||||||||||||||||||||||||
Gilbert M. Grosvenor | (5 | ) | 7,400 | — | — | — | — | — | 7,400 | ||||||||||||||||||||||
Philip C. Jackson, Jr. | 40,500 | 11,882 | 15,050 | — | — | — | 67,432 | ||||||||||||||||||||||||
Patrick F. Noonan | 39,300 | 11,882 | 15,050 | — | — | — | 66,232 | ||||||||||||||||||||||||
H. Gregory Platts | 29,025 | 11,882 | 15,050 | — | — | — | 55,957 | ||||||||||||||||||||||||
Andrew M. Saul II | 26,000 | 11,882 | 15,050 | — | — | — | 52,932 | ||||||||||||||||||||||||
Mark Sullivan III | 26,000 | 11,882 | 15,050 | — | — | — | 52,932 | ||||||||||||||||||||||||
James W. Symington | (5 | ) | 5,625 | — | — | — | — | — | 5,625 | ||||||||||||||||||||||
John R. Whitmore | 26,000 | 11,882 | 15,050 | — | — | — | 52,932 |
Name | Balance March 1, 2020 | Shares Credited to Stock Deferred Fee Account in 2020/21 | Shares Issued By Operation of Plan Terms | Balance March 1, 2021 | ||||||||||||||||||||||
Philip D. Caraci | 26,426 | 2,030 | — | 28,456 | ||||||||||||||||||||||
John E. Chapoton | 15,833 | 2,174 | — | 18,007 | ||||||||||||||||||||||
George P. Clancy, Jr. | 5,287 | 1,694 | 1,052 | 5,929 | ||||||||||||||||||||||
J. Page Lansdale | — | — | — | — | ||||||||||||||||||||||
Willoughby B. Laycock | 519 | 943 | — | 1,462 | ||||||||||||||||||||||
H. Gregory Platts | — | — | — | — | ||||||||||||||||||||||
Earl A. Powell III | — | — | — | — | ||||||||||||||||||||||
Andrew M. Saul II | — | — | — | — | ||||||||||||||||||||||
B. Francis Saul II | 33,763 | 3,458 | — | 37,221 | ||||||||||||||||||||||
Mark Sullivan III | — | — | — | — | ||||||||||||||||||||||
John R. Whitmore | — | — | — | — | ||||||||||||||||||||||
Totals | 81,828 | 10,299 | 1,052 | 91,075 |
Name | Balance March 1, 2017 | Shares Credited to Stock Deferred Fee Account in 2017/18 | Shares Issued By Operation of Plan Terms | Balance February 28, 2018 | |||||||||
Philip D. Caraci | 23,477 | 854 | — | 24,331 | |||||||||
John E. Chapoton | 12,679 | 895 | — | 13,574 | |||||||||
George P. Clancy, Jr. | 3,951 | 878 | — | 4,829 | |||||||||
Gilbert M. Grosvenor | (1 | ) | 48,091 | — | 48,091 | — | |||||||
Philip C. Jackson, Jr. | 25,637 | 933 | — | 26,570 | |||||||||
J. Page Lansdale | — | — | — | — | |||||||||
Patrick F. Noonan | 41,429 | 1,507 | — | 42,936 | |||||||||
H. Gregory Platts | — | — | — | — | |||||||||
Andrew M. Saul II | — | — | — | — | |||||||||
B. Francis Saul II | 28,625 | 1,475 | — | 30,100 | |||||||||
Mark Sullivan III | — | — | — | — | |||||||||
James W. Symington | (1 | ) | 19,728 | — | 17,856 | 1,872 | |||||||
John R. Whitmore | — | — | — | — | |||||||||
Totals | 203,617 | 6,542 | 65,947 | 144,212 |
LEED Certification - Since 2010, all of the Mixed-use properties we developed, comprising approximately 1.25 million square feet of space, are Leadership in Energy and | ||
Environmental Practices and Impact - We launched an energy reduction program in 2016 at select properties by embracing LED lighting technology and smart lighting control systems for parking lots, common areas, walkways, signage and façade lighting. New developments are designed with this reduced energy consumption criteria in mind where applicable, and many of our existing properties are in the process of being converted to this energy reducing technology. | ||
Transit-Centric Development - Our recently-developed Mixed-use properties, as well as the majority of our development pipeline, have primarily residential use and are located within walking distance of Metro Rail stations. | ||
Trip Reduction Program - We participate in the Metro Smart Benefits Program to encourage the use of public transit by our employees. We offer bike storage and electric vehicle charging stations at our corporate headquarters to encourage low emission transport. | ||
Water Conservation - We have installed sub-meter monitoring systems at several properties to be alerted of excessive use due to leaks. | ||
Climate Preparedness - We manage the impact of natural disasters, including flooding and severe storms, by monitoring vulnerabilities and responding as necessary. | ||
Social | ||
Diverse Hiring Practices - The Company has a commitment to equal employment opportunities and does not discriminate against any person based on race, color, religion, gender, national origin, age, disability, sexual orientation or gender preference. | ||
Community Involvement - The Company received the Outstanding Donor Award in 2018 from the County Executive of Montgomery County, Maryland for the significant contributions to support student learning, strong families and healthy communities through our partnership with Linkages to Learning. | ||
Employee Wellness and Satisfaction - The Company encourages employee wellness in every aspect of life, including physical fitness, mental well-being and social connectedness. | ||
Center for Professional Development - We annually hold several in-house training programs that focus on communication, self-awareness, delegation, feedback, accountability, team dynamics and other skills that provide our employees with personal growth opportunities. | ||
Employee Education - We support the continuing education of our employees through (a) reimbursement of the cost of seeking undergraduate and graduate degrees at colleges and universities and (b) reimbursement of costs related to seminars, conferences and workshops. | ||
Leadership, Exposure and Development (“LEAD”) - We recently launched a program that we call LEAD which enhances our other training and education programs by providing our talented employees with the tools necessary to effectively lead and manage. | ||
Industry Growth - We manage an internship program to support the development of future real estate professionals. | ||
Governance | ||
Oversight and Commitment - Our Board | ||
Ethics and Integrity - We are a dynamic organization, where the highest level of professionalism is at the core of all our interactions. We have adopted a robust Code of Ethics and Ethical Conduct Policy, which are reviewed annually and are publicly available on our website. |
Name | Age | Position and Background | ||||||||||||
Christine N. Kearns | Executive Vice | |||||||||||||
Christopher H. Netter | 66 | Executive Vice President - Leasingsince October 2019. Senior Vice President - Leasing from 1998 to 2019. Vice President - Leasing of the Company from 1993 to 1998. Vice President of the B. F. Saul Company and B. F. Saul Property Company and Assistant Vice President of the B. F. Saul Real Estate Investment Trust from 1987 to 1993. | ||||||||||||
D. Todd Pearson | 40 | Executive Vice President - Real Estate since October 2019. Senior Vice President - Acquisitions and Development from 2017 to September 2019. Vice President - Acquisitions and Development from 2011 to 2016. Vice President - Director of Internal Audit 2010. Director of Internal Audit from 2005 to 2009. | ||||||||||||
Scott V. Schneider | 63 | Executive Vice President - Chief Financial Officer and Treasurer since October 2019. Senior Vice President - Chief Financial Officer, Treasurer and Secretary from 1998 to 2019. Vice President - Chief Financial Officer, Treasurer and Secretary of the Company from 1993 to 1998. Vice President of the B. F. Saul Company and B. F. Saul Property Company and Assistant Vice President of the B. F. Saul Real Estate Investment Trust from 1985 to 1993. As announced on December 3, 2020, Mr. Schneider will retire effective March 31, 2021. | ||||||||||||
John F. Collich | Senior Vice President - Chief Acquisitions and Development Officer since May 2019. Senior Vice President - Acquisitions and Development | |||||||||||||
Joel A. Friedman | Senior Vice President - Chief Accounting Officer since September 2009. Vice President, Treasurer and Chief Accounting Officer of the B. F. Saul Real Estate Investment Trust, Senior Vice President and Chief Accounting Officer of the B. F. Saul Company and B. F. Saul Property Company since September 2009. Chief Financial Officer of ASB Capital Management, LLC and Chevy Chase Trust Company. Previously served in a variety of accounting positions at Chevy Chase Bank, On March 11, 2021, the Board of Directors approved the appointment of Mr. Friedman as Treasurer of the Company effective April 1, 2021. | |||||||||||||
Carlos L. Heard | 45 | Senior Vice President, | ||||||||||||
F. S. B., where he worked from | ||||||||||||||
Name | Base Salary Beginning October 1, 2020 | Base Salary Beginning May 1, 2020 | Base Salary Beginning May 1, 2019 | Percentage Change (May 2019 to October 2020) | |||||||||||||||||||||||||
B. Francis Saul II | |||||||||||||||||||||||||||||
Chairman, Chief Executive Officer and President | $ | 125,000 | $ | — | $ | 125,000 | — | % | |||||||||||||||||||||
Scott V. Schneider (1) | |||||||||||||||||||||||||||||
Executive Vice President - Chief Financial Officer | 617,500 | 524,875 | 517,500 | (2) | 19.3 | % | |||||||||||||||||||||||
Christopher H. Netter | |||||||||||||||||||||||||||||
Executive Vice President - Leasing | 592,000 | 503,200 | 492,500 | (3) | 20.2 | % | |||||||||||||||||||||||
D. Todd Pearson | |||||||||||||||||||||||||||||
Executive Vice President - Real Estate | 535,000 | 454,750 | — | (4) | N/A | ||||||||||||||||||||||||
John F. Collich | |||||||||||||||||||||||||||||
Senior Vice President - Chief Acquisitions and Development Officer | 462,000 | 415,800 | 462,000 | — | % | ||||||||||||||||||||||||
Name | Base Salary Beginning May 1, 2017 | Base Salary Beginning May 1, 2016 | Percentage Change | |||||||||
B. Francis Saul II | ||||||||||||
Chairman and Chief Executive Officer | $ | 125,000 | $ | 125,000 | — | % | ||||||
J. Page Lansdale | ||||||||||||
President and Chief Operating Officer | 650,000 | 600,000 | 8.3 | % | ||||||||
Christopher H. Netter | ||||||||||||
Senior Vice President - Leasing | 456,500 | 439,000 | 4.0 | % | ||||||||
Scott V. Schneider | ||||||||||||
Senior Vice President - Chief Financial Officer | 456,500 | 439,000 | 4.0 | % | ||||||||
John F. Collich | ||||||||||||
Senior Vice President-Acquisitions and Development | 429,000 | 414,000 | 3.6 | % |
Name | Base Salary | Bonus | Bonus as a Percentage of Base Salary | Name | Base Salary | Bonus | Bonus as a Percentage of Base Salary | |||||||||||||||||||||||
B. Francis Saul II | $ | 125,000 | $ | 25,000 | 20% | B. Francis Saul II | $ | 125,000 | $ | 25,000 | 20% | |||||||||||||||||||
J. Page Lansdale | 650,000 | 97,500 | 15% | |||||||||||||||||||||||||||
Scott V. Schneider | Scott V. Schneider | 617,500 | 92,625 | 15% | ||||||||||||||||||||||||||
Christopher H. Netter | 456,500 | 68,475 | 15% | Christopher H. Netter | 592,000 | 88,800 | 15% | |||||||||||||||||||||||
Scott V. Schneider | 456,500 | 68,475 | 15% | |||||||||||||||||||||||||||
D. Todd Pearson | D. Todd Pearson | 535,000 | 80,250 | 15% | ||||||||||||||||||||||||||
John F. Collich | 429,000 | 64,350 | 15% | John F. Collich | 462,000 | 69,300 | 15% |
Name and Principal Position | Year | Salary | Bonus | Stock Awards | Option Awards | Non-Equity Incentive Plan Compen-sation | Change in Pension Value and Non-Qualified Deferred Compen-sation Earnings | All Other Compen-sation | Total | |||||||||||||||||||||||
(1) | (2) | (3) | ||||||||||||||||||||||||||||||
B. Francis Saul II | 2017 | $ | 125,000 | $ | 25,000 | — | — | — | $ | 39,555 | $ | 58,173 | $ | 247,728 | ||||||||||||||||||
Chairman and Chief | 2016 | 125,000 | 25,000 | — | — | — | 46,831 | 58,173 | 255,004 | |||||||||||||||||||||||
Executive Officer | 2015 | 125,000 | 25,000 | — | — | — | 41,248 | 54,164 | 245,412 | |||||||||||||||||||||||
J. Page Lansdale | 2017 | 632,692 | 97,500 | — | $ | 193,800 | — | 14,779 | 92,985 | 1,031,756 | ||||||||||||||||||||||
President and Chief | 2016 | 582,692 | 90,000 | — | 175,800 | — | 13,795 | 89,535 | 951,822 | |||||||||||||||||||||||
Operating Officer | 2015 | 532,692 | 82,500 | — | 250,200 | — | 9,151 | 82,076 | 956,619 | |||||||||||||||||||||||
Christopher H. Netter | 2017 | 450,442 | 68,475 | — | 129,200 | — | 22,760 | 46,075 | 716,952 | |||||||||||||||||||||||
Senior Vice President- | 2016 | 434,673 | 65,850 | — | 117,200 | — | 26,081 | 44,971 | 688,775 | |||||||||||||||||||||||
Leasing | 2015 | 422,865 | 63,975 | — | 166,800 | — | 22,248 | 44,150 | 720,038 | |||||||||||||||||||||||
Scott V. Schneider | 2017 | 450,442 | 68,475 | — | 129,200 | — | 21,719 | 46,075 | 715,911 | |||||||||||||||||||||||
Senior Vice President- | 2016 | 434,673 | 65,850 | — | 117,200 | — | 24,826 | 44,971 | 687,520 | |||||||||||||||||||||||
Chief Financial Officer | 2015 | 422,865 | 63,975 | — | 166,800 | — | 21,122 | 44,150 | 718,912 | |||||||||||||||||||||||
John F. Collich | 2017 | 423,808 | 64,350 | — | 129,200 | — | 15,805 | 44,229 | 677,392 | |||||||||||||||||||||||
Senior Vice President- | 2016 | 409,220 | 62,100 | — | 117,200 | — | 17,867 | 43,215 | 649,602 | |||||||||||||||||||||||
Acquisitions and Development | 2015 | 396,192 | 60,000 | — | 166,800 | — | 15,030 | 42,312 | 680,334 |
Name and Principal Position | Year | Salary | Bonus | Stock Awards | Option Awards | Non-Equity Incentive Plan Compen-sation | Change in Pension Value and Non-Qualified Deferred Compen-sation Earnings | All Other Compen-sation | Total | |||||||||||||||||||||||||||||||||||||||||||||||
(1) | (2) | (6) | ||||||||||||||||||||||||||||||||||||||||||||||||||||||
B. Francis Saul II | 2020 | $ | 76,923 | $ | 25,000 | — | — | — | $ | 54,729 | $ | 37,254 | $ | 193,906 | ||||||||||||||||||||||||||||||||||||||||||
Chairman, Chief Executive Officer and President | 2019 | 125,000 | 25,000 | — | — | — | 49,473 | 69,142 | 268,615 | |||||||||||||||||||||||||||||||||||||||||||||||
2018 | 125,000 | 25,000 | — | — | — | 49,588 | 60,292 | 259,880 | ||||||||||||||||||||||||||||||||||||||||||||||||
Scott V. Schneider (3) | 2020 | 602,063 | 92,625 | — | 18,400 | — | 33,436 | 46,127 | 792,651 | |||||||||||||||||||||||||||||||||||||||||||||||
Executive Vice President- Chief Financial Officer | 2019 | 525,519 | 92,625 | — | 149,600 | — | 29,020 | 51,153 | 847,917 | |||||||||||||||||||||||||||||||||||||||||||||||
2018 | 467,942 | 71,100 | — | 120,800 | — | 28,174 | 46,407 | 734,423 | ||||||||||||||||||||||||||||||||||||||||||||||||
Christopher H. Netter (4) | 2020 | 577,200 | 88,800 | — | 18,400 | — | 34,677 | 44,802 | 763,879 | |||||||||||||||||||||||||||||||||||||||||||||||
Executive Vice President-Leasing | 2019 | 509,057 | 88,800 | — | 149,600 | — | 30,258 | 49,935 | 827,650 | |||||||||||||||||||||||||||||||||||||||||||||||
2018 | 467,942 | 71,100 | — | 120,800 | — | 29,457 | 46,407 | 735,706 | ||||||||||||||||||||||||||||||||||||||||||||||||
D. Todd Pearson (5) (7) | 2020 | 521,625 | 80,250 | — | 13,800 | — | 1,054 | 41,843 | 658,572 | |||||||||||||||||||||||||||||||||||||||||||||||
Executive Vice President - Real Estate | 2019 | 123,462 | 80,250 | — | 56,100 | — | 77 | 15,738 | 275,627 | |||||||||||||||||||||||||||||||||||||||||||||||
2018 | — | — | — | — | — | — | — | — | ||||||||||||||||||||||||||||||||||||||||||||||||
John F. Collich (8) | 2020 | 460,223 | 69,300 | — | 18,400 | — | 24,640 | 38,443 | 611,006 | |||||||||||||||||||||||||||||||||||||||||||||||
Senior Vice President-Chief Acquisitions and Development Officer | 2019 | 456,115 | 69,300 | — | 149,600 | — | 21,478 | 45,589 | 742,082 | |||||||||||||||||||||||||||||||||||||||||||||||
2018 | 439,462 | 66,750 | — | 120,800 | — | 20,710 | 44,437 | 692,159 | ||||||||||||||||||||||||||||||||||||||||||||||||
All Other Compensation | ||||||||||||||||||||||||||
Name | Year | Director's Compensation (a) | Tax-Qualified Plan Contribution (b) | SERP Contribution (c) | Auto Allowance | Group Term Life Insurance | Total | |||||||||||||||||||
B. Francis Saul II | 2017 | $ | 49,173 | — | $ | 9,000 | (d) | — | — | $ | 58,173 | |||||||||||||||
2016 | 49,173 | — | 9,000 | (d) | — | — | 58,173 | |||||||||||||||||||
2015 | 45,164 | — | 9,000 | (d) | — | — | 54,164 | |||||||||||||||||||
J. Page Lansdale | 2017 | 49,173 | — | 43,812 | (d) | — | — | 92,985 | ||||||||||||||||||
2016 | 49,173 | — | 40,362 | (d) | — | — | 89,535 | |||||||||||||||||||
2015 | 45,164 | — | 36,912 | (d) | — | — | 82,076 | |||||||||||||||||||
Christopher H. Netter | 2017 | — | $ | 16,200 | 14,935 | $ | 12,600 | $ | 2,340 | 46,075 | ||||||||||||||||
2016 | — | 15,900 | 14,131 | 12,600 | 2,340 | 44,971 | ||||||||||||||||||||
2015 | — | 15,900 | 13,310 | 12,600 | 2,340 | 44,150 | ||||||||||||||||||||
Scott V. Schneider | 2017 | — | 16,200 | 14,935 | 12,600 | 2,340 | 46,075 | |||||||||||||||||||
2016 | — | 15,900 | 14,131 | 12,600 | 2,340 | 44,971 | ||||||||||||||||||||
2015 | — | 15,900 | 13,310 | 12,600 | 2,340 | 44,150 | ||||||||||||||||||||
John F. Collich | 2017 | — | 16,200 | 13,089 | 12,600 | 2,340 | 44,229 | |||||||||||||||||||
2016 | — | 15,900 | 12,375 | 12,600 | 2,340 | 43,215 | ||||||||||||||||||||
2015 | — | 15,900 | 11,472 | 12,600 | 2,340 | 42,312 |
All Other Compensation | ||||||||||||||||||||||||||||||||||||||||||||
Name | Year | Director's Compensation (a) | Tax-Qualified Plan Contribution (b) | SERP Contribution (c) | Auto Allowance | Group Term Life Insurance | Total | |||||||||||||||||||||||||||||||||||||
B. Francis Saul II | 2020 | $ | 32,504 | — | $ | 4,750 | (d) | — | — | $ | 37,254 | |||||||||||||||||||||||||||||||||
2019 | 60,142 | — | 9,000 | (d) | — | — | 69,142 | |||||||||||||||||||||||||||||||||||||
2018 | 51,292 | — | 9,000 | (d) | — | — | 60,292 | |||||||||||||||||||||||||||||||||||||
Scott V. Schneider | 2020 | — | $ | 15,675 | 16,388 | $ | 12,600 | $ | 1,464 | 46,127 | ||||||||||||||||||||||||||||||||||
2019 | — | 16,800 | 20,289 | 12,600 | 1,464 | 51,153 | ||||||||||||||||||||||||||||||||||||||
2018 | — | 16,500 | 15,843 | 12,600 | 1,464 | 46,407 | ||||||||||||||||||||||||||||||||||||||
Christopher H. Netter | 2020 | — | 15,498 | 15,240 | 12,600 | 1,464 | 44,802 | |||||||||||||||||||||||||||||||||||||
2019 | — | 16,800 | 19,071 | 12,600 | 1,464 | 49,935 | ||||||||||||||||||||||||||||||||||||||
2018 | — | 16,500 | 15,843 | 12,600 | 1,464 | 46,407 | ||||||||||||||||||||||||||||||||||||||
D. Todd Pearson | 2020 | — | 15,104 | 12,675 | 12,600 | 1,464 | 41,843 | |||||||||||||||||||||||||||||||||||||
2019 | — | 2,169 | 10,053 | 3,150 | 366 | 15,738 | ||||||||||||||||||||||||||||||||||||||
2018 | — | — | — | — | — | — | ||||||||||||||||||||||||||||||||||||||
John F. Collich | 2020 | — | 14,598 | 9,781 | 12,600 | 1,464 | 38,443 | |||||||||||||||||||||||||||||||||||||
2019 | — | 16,800 | 14,725 | 12,600 | 1,464 | 45,589 | ||||||||||||||||||||||||||||||||||||||
2018 | — | 16,500 | 13,873 | 12,600 | 1,464 | 44,437 | ||||||||||||||||||||||||||||||||||||||
Name | Grant Date | Number of Shares of Common Stock Awarded | Grant Date Fair Value | All Other Option Awards: Number of Shares of Common Stock Underlying Options | Exercise Price of Option Awards | Grant Date Fair Value | ||||||||||||||||||||||||||||||||
B. Francis Saul II (1) | 4/24/2020 | 200 | $ | 5,604 | 2,500 | $ | 50.00 | $ | 2,100 | |||||||||||||||||||||||||||||
Scott V. Schneider (2) | 4/24/2020 | — | — | 20,000 | 50.00 | 18,400 | ||||||||||||||||||||||||||||||||
Christopher H. Netter (2) | 4/24/2020 | — | — | 20,000 | 50.00 | 18,400 | ||||||||||||||||||||||||||||||||
D. Todd Pearson (2) | 4/24/2020 | — | — | 15,000 | 50.00 | 13,800 | ||||||||||||||||||||||||||||||||
John F. Collich (2) | 4/24/2020 | — | — | 20,000 | 50.00 | 18,400 | ||||||||||||||||||||||||||||||||
Name | Grant Date | Number of Shares of Common Stock Awarded | Grant Date Fair Value | All Other Option Awards: Number of Shares of Common Stock Underlying Options | Exercise Price of Option Awards | Grant Date Fair Value | ||||||||||||||
B. Francis Saul II (1) | 5/5/2017 | 200 | $ | 11,882 | 2,500 | $ | 59.41 | $ | 15,050 | |||||||||||
J. Page Lansdale (1) (2) | 5/5/2017 | 200 | 11,882 | 32,500 | 59.41 | 208,850 | ||||||||||||||
Christopher H. Netter (2) | 5/5/2017 | — | — | 20,000 | 59.41 | 129,200 | ||||||||||||||
Scott V. Schneider (2) | 5/5/2017 | — | — | 20,000 | 59.41 | 129,200 | ||||||||||||||
John F. Collich (2) | 5/5/2017 | — | — | 20,000 | 59.41 | 129,200 |
Number of Securities Underlying Unexercised Options | Exercise | Expiration | ||||||||||||||||||||||||||||||
Name | Grant Date | Exercisable | Unexercisable | Price | Date | |||||||||||||||||||||||||||
B. Francis Saul II | 5/8/2015 | 2,500 | (1) | — | $ | 51.07 | 5/7/2025 | |||||||||||||||||||||||||
5/6/2016 | 2,500 | (1) | — | 57.74 | 5/5/2026 | |||||||||||||||||||||||||||
5/5/2017 | 2,500 | (1) | — | 59.41 | 5/4/2027 | |||||||||||||||||||||||||||
5/11/2018 | 2,500 | (1) | — | 49.46 | 5/10/2028 | |||||||||||||||||||||||||||
5/3/2019 | 2,500 | (1) | — | 55.71 | 5/2/2029 | |||||||||||||||||||||||||||
4/24/2020 | 2,500 | (1) | — | 50.00 | 4/23/2030 | |||||||||||||||||||||||||||
Scott V. Schneider | 5/10/2013 | 3,500 | (2) | — | 44.42 | 5/9/2023 | ||||||||||||||||||||||||||
5/9/2014 | 20,000 | (2) | — | 47.03 | 5/8/2024 | |||||||||||||||||||||||||||
5/8/2015 | 20,000 | (2) | — | 51.07 | 5/7/2025 | |||||||||||||||||||||||||||
5/6/2016 | 20,000 | (2) | — | 57.74 | 5/5/2026 | |||||||||||||||||||||||||||
5/5/2017 | 15,000 | (2) | 5,000 | (2) | 59.41 | 5/4/2027 | ||||||||||||||||||||||||||
5/11/2018 | 10,000 | (2) | 10,000 | (2) | 49.46 | 5/10/2028 | ||||||||||||||||||||||||||
5/3/2019 | 5,000 | (2) | 15,000 | (2) | 55.71 | 5/2/2029 | ||||||||||||||||||||||||||
4/24/2020 | — | 20,000 | (2) | 50.00 | 4/23/2030 | |||||||||||||||||||||||||||
Christopher H. Netter | 5/9/2014 | 15,000 | (2) | — | 47.03 | 5/8/2024 | ||||||||||||||||||||||||||
5/8/2015 | 20,000 | (2) | — | 51.07 | 5/7/2025 | |||||||||||||||||||||||||||
5/6/2016 | 20,000 | (2) | — | 57.74 | 5/5/2026 | |||||||||||||||||||||||||||
5/5/2017 | 15,000 | (2) | 5,000 | (2) | 59.41 | 5/4/2027 | ||||||||||||||||||||||||||
5/11/2018 | 10,000 | (2) | 10,000 | (2) | 49.46 | 5/10/2028 | ||||||||||||||||||||||||||
5/3/2019 | 5,000 | (2) | 15,000 | (2) | 55.71 | 5/2/2029 | ||||||||||||||||||||||||||
4/24/2020 | — | 20,000 | (2) | 50.00 | 4/23/2030 | |||||||||||||||||||||||||||
D. Todd Pearson | 5/5/2017 | 3,750 | (2) | 1,250 | (2) | 59.41 | 5/4/2027 | |||||||||||||||||||||||||
5/11/2018 | 2,500 | (2) | 2,500 | (2) | 49.46 | 5/10/2028 | ||||||||||||||||||||||||||
5/3/2019 | 1,875 | (2) | 5,625 | (2) | 55.71 | 5/2/2029 | ||||||||||||||||||||||||||
4/24/2020 | — | 15,000 | (2) | 50.00 | 4/23/2030 | |||||||||||||||||||||||||||
John F. Collich | 5/4/2012 | 2,545 | (2) | — | 39.29 | 5/3/2022 | ||||||||||||||||||||||||||
5/10/2013 | 5,000 | (2) | — | 44.42 | 5/9/2023 | |||||||||||||||||||||||||||
5/9/2014 | 10,000 | (2) | — | 47.03 | 5/8/2024 | |||||||||||||||||||||||||||
5/8/2015 | 20,000 | (2) | — | 51.07 | 5/7/2025 | |||||||||||||||||||||||||||
5/6/2016 | 20,000 | (2) | — | 57.74 | 5/5/2026 | |||||||||||||||||||||||||||
5/5/2017 | 15,000 | (2) | 5,000 | (2) | 59.41 | 5/4/2027 | ||||||||||||||||||||||||||
5/11/2018 | 10,000 | (2) | 10,000 | (2) | 49.46 | 5/10/2028 | ||||||||||||||||||||||||||
5/3/2019 | 5,000 | (2) | 15,000 | (2) | 55.71 | 5/2/2029 | ||||||||||||||||||||||||||
4/24/2020 | — | 20,000 | (2) | 50.00 | 4/23/2030 | |||||||||||||||||||||||||||
(1) - Director option awards vest immediately upon grant. | ||||||||||||||||||||||||||||||||
(2) - Executive officer option awards vest 25% on each of the first four anniversaries of the grant date. |
Number of Securities Underlying Unexercised Options | Exercise | Expiration | ||||||||||||
Name | Grant Date | Exercisable | Unexercisable | Price | Date | |||||||||
B. Francis Saul II | 5/8/2015 | 2,500 | (1) | — | $ | 51.07 | 5/7/2025 | |||||||
5/6/2016 | 2,500 | (1) | — | 57.74 | 5/5/2026 | |||||||||
5/5/2017 | 2,500 | (1) | — | 59.41 | 5/4/2027 | |||||||||
J. Page Lansdale | 5/4/2012 | 2,500 | (2) | — | 39.29 | 5/3/2022 | ||||||||
5/10/2013 | 4,000 | (2) | — | 44.42 | 5/9/2023 | |||||||||
5/9/2014 | 22,500 | (2) | 7,500 | (2) | 47.03 | 5/8/2024 | ||||||||
5/8/2015 | 2,500 | (1) | — | 51.07 | 5/7/2025 | |||||||||
5/8/2015 | 15,000 | (2) | 15,000 | (2) | 51.07 | 5/7/2025 | ||||||||
5/6/2016 | 2,500 | (1) | — | 57.74 | 5/5/2026 | |||||||||
5/6/2016 | 7,500 | (2) | 22,500 | (2) | 57.74 | 5/5/2026 | ||||||||
5/5/2017 | 2,500 | (1) | — | 59.41 | 5/4/2027 | |||||||||
5/5/2017 | — | 30,000 | (2) | 59.41 | 5/4/2027 | |||||||||
Christopher H. Netter | 5/10/2013 | 7,500 | (2) | — | 44.42 | 5/9/2023 | ||||||||
5/9/2014 | 15,000 | (2) | 5,000 | (2) | 47.03 | 5/8/2024 | ||||||||
5/8/2015 | 10,000 | (2) | 10,000 | (2) | 51.07 | 5/7/2025 | ||||||||
5/6/2016 | 5,000 | (2) | 15,000 | (2) | 57.74 | 5/5/2026 | ||||||||
5/5/2017 | — | 20,000 | (2) | 59.41 | 5/4/2027 | |||||||||
Scott V. Schneider | 5/10/2013 | 12,000 | (2) | — | 44.42 | 5/9/2023 | ||||||||
5/9/2014 | 15,000 | (2) | 5,000 | (2) | 47.03 | 5/8/2024 | ||||||||
5/8/2015 | 10,000 | (2) | 10,000 | (2) | 51.07 | 5/7/2025 | ||||||||
5/6/2016 | 5,000 | (2) | 15,000 | (2) | 57.74 | 5/5/2026 | ||||||||
5/5/2017 | — | 20,000 | (2) | 59.41 | 5/4/2027 | |||||||||
John F. Collich | 5/13/2011 | 7,650 | (2) | — | 41.82 | 5/12/2021 | ||||||||
5/4/2012 | 2,545 | (2) | — | 39.29 | 5/3/2022 | |||||||||
5/10/2013 | 5,000 | (2) | — | 44.42 | 5/9/2023 | |||||||||
5/9/2014 | 5,000 | (2) | 5,000 | (2) | 47.03 | 5/8/2024 | ||||||||
5/8/2015 | 10,000 | (2) | 10,000 | (2) | 51.07 | 5/7/2025 | ||||||||
5/6/2016 | 5,000 | (2) | 15,000 | (2) | 57.74 | 5/5/2026 | ||||||||
5/5/2017 | — | 20,000 | (2) | 59.41 | 5/4/2027 | |||||||||
(1) - Director option awards vest immediately upon grant. | ||||||||||||||
(2) - Executive officer option awards vest 25% on each of the first four anniversaries of the grant date. |
Option Awards | Stock Awards | |||||||||||
Name | Number of Shares Acquired on Exercise | Value Realized on Exercise (1) | Number of Shares Acquired on Vesting | Value Realized on Vesting | ||||||||
B. Francis Saul II | — | $ | — | N / A | — | |||||||
J. Page Lansdale | 26,000 | 376,397 | N / A | — | ||||||||
Christopher H. Netter | 5,000 | 94,398 | N / A | — | ||||||||
Scott V. Schneider | 10,560 | 189,100 | N / A | — | ||||||||
John F. Collich | — | — | N / A | — | ||||||||
(1) The amounts in this column represent the difference between the market value of the shares of common stock acquired on exercise of the options based on the closing price of the common stock on the date of the exercise and the option exercise price. |
Plan Category | Number of securities to be issued upon exercise of outstanding options, warrants and rights (a) | Weighted average exercise price of outstanding options, warrants and rights (b) | Number of securities remaining available for future issuance (excluding securities reflected in column (a)) (c) | ||||||||||||||||||||
Equity compensation plans approved by security holders (1) | 1,502,670 | $52.86 | 542,029 | ||||||||||||||||||||
Equity compensation plans not approved by security holders | — | — | — | ||||||||||||||||||||
Total | 1,502,670 | $52.86 | 542,029 |
Plan Category | Number of securities to be issued upon exercise of outstanding options, warrants and rights (a) | Weighted average exercise price of outstanding options, warrants and rights (b) | Number of securities remaining available for future issuance (excluding securities reflected in column (a)) (c) | ||||||||
Equity compensation plans approved by security holders (1) | 913,320 | (2) | $52.80 | 406,513 | |||||||
Equity compensation plans not approved by security holders (2) | — | (3) | — | — | |||||||
Total | 913,320 | $52.80 | 406,513 |
Name | Executive Contributions in 2020 (1) | Saul Centers, Inc. Contributions in 2020 (2) | 2020 Earnings (3) (4) | Aggregate Withdrawals / Distributions | Aggregate Balance at December 31, 2020 | |||||||||||||||||||||||||||
B. Francis Saul II | $ | 2,038 | $ | 4,750 | $ | 54,729 | — | $ | 917,943 | |||||||||||||||||||||||
Scott V. Schneider | 8,194 | 16,388 | 33,436 | — | 578,488 | |||||||||||||||||||||||||||
Christopher H. Netter | 7,620 | 15,240 | 34,677 | — | 598,028 | |||||||||||||||||||||||||||
D. Todd Pearson | 6,338 | 12,675 | 1,054 | — | 33,549 | |||||||||||||||||||||||||||
John F. Collich | 4,890 | 9,781 | 24,640 | — | 424,347 | |||||||||||||||||||||||||||
Name | Executive Contributions in 2017 (1) | Saul Centers, Inc. Contributions in 2017 (2) | 2017 Earnings (3) (4) | Aggregate Withdrawals / Distributions | Aggregate Balance at December 31, 2017 | |||||||||||||||
B. Francis Saul II | $ | 3,000 | $ | 9,000 | $ | 39,555 | — | $ | 733,365 | |||||||||||
J. Page Lansdale | 14,604 | 43,812 | 14,779 | — | 302,595 | |||||||||||||||
Christopher H. Netter | 4,978 | 14,935 | 22,760 | — | 434,224 | |||||||||||||||
Scott V. Schneider | 4,978 | 14,935 | 21,719 | — | 415,100 | |||||||||||||||
John F. Collich | 4,363 | 13,089 | 15,805 | — | 304,718 |
Members of the Compensation Committee | ||
2020 | 2019 | |||||||||||||
Audit Fees (1) | $ | 704,600 | $ | 793,500 | ||||||||||
Audit Related Fees (2) | — | — | ||||||||||||
Tax Fees | 77,800 | 88,500 | ||||||||||||
All Other Fees | — | — | ||||||||||||
Total Fees | $ | 782,400 | $ | 882,000 | ||||||||||
2017 | 2016 | |||||||
Audit Fees (1) | $ | 796,000 | $ | 760,000 | ||||
Audit Related Fees (2) | 40,500 | 15,000 | ||||||
Total Fees | $ | 836,500 | $ | 775,000 | ||||
George P. Clancy, Jr., Committee Chairman | ||
Philip | ||
H. Gregory Platts |
Name of Beneficial Owner (1) | Aggregate Number of Shares Beneficially Owned (2) | Percent of Class (2) | |||
B. Francis Saul II | 10,703,677 | (3) | 46.0% | ||
Philip D. Caraci | 168,900 | (4) | * | ||
John E. Chapoton | 44,890 | (5) | * | ||
George P. Clancy, Jr. | 21,029 | (6) | * | ||
Philip C. Jackson Jr. | 83,170 | (7) | * | ||
J. Page Lansdale | 64,600 | (8) | * | ||
Patrick F. Noonan | 61,667 | (9) | * | ||
H. Gregory Platts | 16,500 | (10) | * | ||
Andrew M. Saul II | 8,100 | (11) | * | ||
Mark Sullivan III | 36,473 | (12) | * | ||
John R. Whitmore | 5,000 | (13) | * | ||
Scott V. Schneider | 61,498 | (14) | * | ||
Christopher H. Netter | 39,758 | (15) | * | ||
John F. Collich | 62,400 | (16) | * | ||
The Vanguard Group, Inc. | 2,133,618 | (17) | 9.7% | ||
100 Vanguard Blvd., Malvern, PA 19355 | |||||
Blackrock, Inc. | 1,864,136 | (18) | 8.5% | ||
55 East 52nd Street, New York, NY 10055 | |||||
T. Rowe Price Associates, Inc. | 1,170,188 | (19) | 5.3% | ||
100 E. Pratt Street, Baltimore, MD 21202 | |||||
All directors and officers as a group (20 persons) | 11,772,998 | (20) | 49.6% |
Name of Beneficial Owner (1) | Aggregate Number of Shares Beneficially Owned (2) | Percent of Class (2) | |||||||||||||||
B. Francis Saul II | 11,899,942 | (3) | 47.9% | ||||||||||||||
Philip D. Caraci | 178,625 | (4) | * | ||||||||||||||
John E. Chapoton | 45,073 | (5) | * | ||||||||||||||
George P. Clancy, Jr. | 33,246 | (6) | * | ||||||||||||||
J. Page Lansdale | 162,700 | (7) | * | ||||||||||||||
Willoughby B. Laycock | 8,880 | (8) | * | ||||||||||||||
H. Gregory Platts | 24,800 | (9) | * | ||||||||||||||
Earl A. Powell III | 8,100 | (10) | * | ||||||||||||||
Andrew M. Saul II | 16,200 | (11) | * | ||||||||||||||
Mark Sullivan III | 39,573 | (12) | * | ||||||||||||||
John R. Whitmore | 13,100 | (13) | * | ||||||||||||||
Scott V. Schneider | 112,253 | (14) | * | ||||||||||||||
Christopher H. Netter | 87,667 | (15) | * | ||||||||||||||
D. Todd Pearson | 10,155 | (16) | * | ||||||||||||||
John F. Collich | 125,203 | (17) | * | ||||||||||||||
The Vanguard Group, Inc. | 1,960,723 | (18) | 8.4% | ||||||||||||||
100 Vanguard Blvd., Malvern, PA 19355 | |||||||||||||||||
Blackrock, Inc. | 1,923,414 | (19) | 8.2% | ||||||||||||||
55 East 52nd Street, New York, NY 10055 | |||||||||||||||||
T. Rowe Price Associates, Inc. | 1,852,423 | (20) | 7.9% | ||||||||||||||
100 E. Pratt Street, Baltimore, MD 21202 | |||||||||||||||||
Principal Real Estate Investors, LLC | 1,280,240 | (21) | 5.5% | ||||||||||||||
801 Grand Avenue, Des Moines, IA 50392 | |||||||||||||||||
All directors and executive officers as a group (21 persons) | 13,241,325 | (22) | 51.5% |
By order of the Board of Directors |
Senior Vice President, and Secretary |