Saul Ctrs Inc Form 4 Filings

Saul Centers, Inc. President & COO David Todd Pearson reported an open-market purchase of 2,600 shares of Common Stock at $34.745 per share. After this transaction, he directly holds 79,321.2814 common shares and also has 2,456.635 shares held indirectly through a Spouse IRA.

In addition, he holds multiple performance share awards that can convert into 17,500, 14,000 and 10,500 Common Stock shares, and several employee stock options with exercise prices ranging from $33.79 to $59.41 per share and expirations between 2027 and 2033. These derivative positions represent potential future share ownership if exercised or vested.

SAUL CENTERS, INC. executive vice president Joel Albert Friedman reported routine equity updates. He received a grant of 40 shares of common stock at $33.00 per share as dividend equivalents on a restricted stock award that vested on May 17, 2026, and 130 shares were withheld to cover tax obligations, leaving 7,785.7111 common shares held directly. He also holds 15,248 common shares indirectly through a 401(k) plan and maintains a range of performance shares and employee stock options that are exercisable into common stock over expiration dates from 2027 to 2033.

Saul Centers, Inc. senior vice president John Collich reported routine equity compensation activity. On May 17, 2026, he received 30 shares of Common Stock at $33.00 as dividend equivalents on a restricted stock award that vested that day, an exempt transaction.

To cover tax obligations, 98 shares of Common Stock at $33.00 were withheld, leaving him with 53,134.02 directly held Common shares. He also reports indirect Common Stock holdings through an IRA and his spouse, Series E preferred stock, performance share awards, and multiple employee stock option grants that each cover 20,000 underlying Common shares.

Saul Centers, Inc. Sr. VP–Director of Leasing Zachary Maxwell reported insider equity activity dated May 17, 2026. The filing shows a tax-withholding disposition of 96 common shares at $33 and an award acquisition of 31 common shares at $33. After these events he holds 6,577.575 common shares, 3,600 performance shares tied to future common stock, and 3,704.5520 shares of Series D Preferred Stock. A footnote notes dividend-equivalent shares acquired in an exempt transaction upon vesting of a restricted stock award.

Saul Centers, Inc. Chairman and CEO B. Francis Saul II reported a routine equity compensation event. He received 572 shares of common stock at $33.00 per share as a grant classified as a dividend equivalent on a restricted stock award that vested on May 17, 2026. Following this award, he directly holds 264,292.168 shares of common stock, and also has indirect holdings through family accounts and affiliated entities such as Van Ness Square Corporation, Westminster Investing L.L.C., Dearborn L.L.C., and others. In addition, he retains various equity-based interests, including performance shares, phantom stock tied to common stock, units in Saul Holdings Limited Partnership that are generally convertible one-for-one into common stock subject to ownership limits, and multiple director stock options with exercise prices between $33.79 and $59.41 per share.

Saul Centers, Inc. Senior Vice President & CFO Carlos Lawrence Heard reported updated holdings in common and derivative securities. He received 40 shares of Common Stock at $33.00 per share in an exempt award tied to dividend equivalents on a restricted stock award that vested on May 17, 2026. To cover related tax obligations, 131 shares of Common Stock were disposed of through share withholding rather than an open-market sale, leaving him with 7,693.1597 direct common shares.

He also directly holds Series D Preferred Stock totaling 4,500 shares, plus performance share awards linked to 2,000, 1,600, and 1,200 underlying common shares that can settle at an exercise price of $0.00. In addition, he retains employee stock options over 15,000, 15,000, and 10,000 common shares with exercise prices of $33.79, $47.90, and $43.89, respectively, which vest 25% per year over four years from each grant date.

Saul Centers, Inc. executive Bettina T. Guevara reported routine equity compensation activity. She acquired 45 shares of common stock at $33.00 per share as dividend equivalents on a restricted stock award that vested on May 17, 2026. To cover tax obligations, 179 shares were withheld at the same price, leaving her with 9,509.4231 common shares held directly.

Guevara also reports outstanding derivative awards, including performance shares tied to 2,500, 2,000 and 1,500 underlying common shares with a $0.00 exercise price, and employee stock options on 4,000, 3,000 and 2,500 shares with exercise prices between $33.79 and $47.90 expiring between 2031 and 2033. The options vest 25% per year over four years from their grant dates.

Saul Centers vice chair Patricia E. Saul reported a tax-withholding disposition of 152 shares of common stock at $33 per share and a grant of 37 common shares on May 17, 2026.

After these transactions she holds 23,584.641 common shares directly and 4,800 performance shares, plus director stock options over 2,500 shares at an exercise price of $33.79.

Saul Centers, Inc. director and SVP Willoughby B. Laycock reported routine equity compensation updates. On May 17, 2026, he acquired 10 shares of Common Stock at $33.00 per share in an exempt transaction as dividend equivalents when a restricted stock award vested. On the same date, 35 shares of Common Stock at $33.00 per share were withheld to cover tax liabilities.

Following these transactions, Laycock directly holds 4,814.068 shares of Common Stock, plus various performance shares, stock options and phantom stock units linked to Saul Centers common stock. He also has an indirect holding of 249.952 shares in a spouse 401(k) account. No open‑market purchases or sales were reported in this filing.

Saul Centers SVP-Chief Construction Officer Donald A. Hachey reported routine equity compensation activity. He received 31 shares of common stock at $33.00 per share as dividend equivalents when a restricted stock award vested on May 17, 2026, and 93 shares were withheld at the same price to cover tax obligations. After these transactions, he directly owns 5,633.8121 common shares and continues to hold performance shares tied to 3,600 underlying shares and employee stock options covering 57,500 shares with exercise prices between $33.79 and $59.41.

Saul Centers, Inc. executive Lori Godby, Senior Vice President–Residential, reported a small tax-related share disposition. On May 17, 2026, 34 shares of Common Stock were withheld at $33.00 per share to satisfy tax obligations, a non-market transaction.

Following this withholding, she directly holds 1,848 Common shares. She also holds derivative awards tied to Common Stock, including 1,200 Performance Shares with a $0.00 exercise price and 15,000 Employee Stock Options with exercise prices of $33.79, $47.90, and $43.89, expiring between 2031 and 2033.

Saul Centers, Inc. President & COO David Todd Pearson reported share-based tax and compensation activity dated May 17, 2026. The company withheld 1,205 shares of common stock at $33.0000 per share in a tax-withholding disposition to satisfy obligations tied to equity compensation.

On the same date he acquired 341 common shares at $33.0000 per share in an exempt award transaction, described as dividend equivalents on a restricted stock award that vested May 17, 2026. Following these events he holds 76,721.2814 common shares directly, 117,500 employee stock options, and 42,000 performance shares, plus 2,456.635 common shares held indirectly through a spouse IRA.

SAUL CENTERS, INC. senior vice president Judith K. Garland reported routine equity compensation activity. She acquired 19 shares of Common Stock at $33.00 per share as dividend equivalents on a restricted stock award that vested on May 17, 2026. To cover tax obligations, 71 shares of Common Stock at $33.00 per share were withheld, leaving her with 4,844 Common shares held directly after these transactions.

Garland also reports ongoing derivative holdings, including performance shares tied to 3,300 underlying Common shares and employee stock options on 20,000 underlying shares with exercise prices of $33.79, $47.90, and $43.89 expiring between 2031 and 2033. These entries reflect outstanding awards rather than new market trades.

Saul Centers, Inc. reported equity compensation and related tax withholding for Sr. VP–Director of Leasing Zachary Maxwell Friedlis. On May 8–9, 2026 he received 1,500 performance shares and 1,500 restricted common shares, plus 13 additional common shares, while 97 shares were withheld to cover tax obligations at $35.19 per share. Footnotes describe multi-year vesting and performance conditions tied to Funds from Operations.

Saul Centers, Inc. Senior Vice President & CFO Carlos Lawrence Heard reported new equity compensation and related tax withholding. On May 8, 2026, he received 2,000 restricted shares of Common Stock at $0.0000 per share, which vest in five equal annual installments beginning on May 8, 2026, assuming continued employment. On May 9, 2026, he acquired 19 Common Shares at $35.19 as dividend equivalents tied to previously granted restricted stock, while 131 shares at the same price were withheld to satisfy tax obligations. After these transactions, he directly holds 7,824.1597 Common Shares. He also reports outstanding derivative incentives, including performance shares convertible into Common Stock and employee stock options with exercise prices between $33.79 and $47.90 expiring between 2031 and 2033.

SAUL CENTERS, INC. senior vice president Willoughby B. Laycock reported routine equity compensation and related tax withholding. On May 8, 2026, he received 500 restricted shares of common stock for $0 per share and a separate grant of 500 performance shares tied to future common stock, which vest based on multi‑year performance and cliff‑vesting on May 8, 2031 under Funds from Operations (FFO) targets. On May 9, 2026, he acquired 5 shares as dividend equivalents at $35.19 per share, while 36 shares were withheld at the same price to cover tax obligations. After these transactions, he holds 4,839.068 common shares directly and 249.952 shares indirectly through a spouse 401(k), plus various option, performance share, and phantom stock positions that provide potential future exposure to Saul Centers stock.

SAUL CENTERS, INC. senior vice president and Chief Construction Officer Donald A. Hachey reported routine equity compensation activity. On May 8, 2026, he received 1,500 restricted shares of Common Stock at $0.00, which vest in equal annual installments over five years, and a related grant of 1,500 Performance Shares tied to future vesting and performance goals. On May 9, 2026, he acquired 15 additional Common Shares at $35.19 as dividend-equivalent compensation, while 101 shares at the same price were withheld to cover tax obligations. Following these transactions, he directly holds 5,695.8121 Common Shares, alongside multiple Performance Share awards and employee stock options that provide additional potential future exposure to the company’s stock.

Bettina T. Guevara, Executive VP and Chief Legal and Administrative Officer of Saul Centers, reported equity awards and related share withholdings in May 2026. She was granted 2,500 restricted common shares, 2,500 performance shares tied to common stock, and 22 additional common shares. To cover exercise price or tax obligations, 190 common shares valued at $35.19 per share were delivered or withheld. The disclosure also describes stock options and performance share awards vesting over several years, with some vesting contingent on Funds from Operations performance criteria.

For SAUL CENTERS, INC. (BFS), executive vice president, CAO and treasurer Joel Albert Friedman reported compensation-related equity activity rather than open-market trading. On May 8, 2026 he received 2,000 Common Stock shares and a derivative award of 2,000 Performance Shares, both at an exercise/price of $0.00 per share. On May 9, 2026 he had 131 Common shares delivered or withheld at $35.19 per share to pay an exercise price or tax liability and separately acquired 26 Common shares at the same price. The filing also lists multiple outstanding employee stock options and performance share awards and indirect ownership of Common Stock through a 401(k) plan.

SAUL CENTERS, INC. senior vice president John Collich reported routine equity compensation and related tax withholding. He received 1,500 restricted shares of Common Stock on May 8, 2026, which vest in five equal annual installments starting on that date, assuming continued employment. He was also granted 1,500 Performance Shares that may convert into restricted Common Stock on each of the five anniversaries of May 8, 2026, with vesting on May 8, 2031 subject to achieving Funds from Operations performance criteria. On May 9, 2026, he acquired 14 additional Common shares as dividend equivalents at $35.19 per share and had 98 shares withheld at the same price to cover tax liabilities, leaving 53,188.02 Common shares held directly. He also reports indirect Common Stock holdings through an IRA and his spouse, Series E Preferred Stock, and multiple employee stock option awards and performance share awards that remain outstanding.

SAUL CENTERS, INC. President & COO David Todd Pearson reported equity compensation and related tax withholding transactions. On May 8, 2026, he received 17,500 shares of Common Stock at $0.00 per share and a performance share award over 17,500 Performance Shares tied to future vesting and performance conditions.

On May 9, 2026, 157 Common Shares at $35.19 per share were acquired and 1,206 shares were disposed of at the same price to satisfy tax liabilities, a non-market transaction. After these movements, he directly held about 77,585.2814 Common Shares, plus indirect holdings in a spouse IRA and a significant portfolio of options and performance shares that extend through 2033.

Saul Centers, Inc. senior vice president Lori Godby reported routine equity compensation activity and related tax withholding. On May 8, 2026, she received 500 restricted shares of Common Stock and 500 Performance Shares at $0.00 per share as a grant, increasing her direct Common Stock holdings to 1,916 shares.

On May 9, 2026, 34 Common shares were disposed of at $35.19 per share to satisfy tax obligations, leaving 1,882 Common shares held directly. She also holds Performance Shares tied to 700 underlying Common shares from prior awards and employee stock options over 15,000 underlying Common shares with exercise prices between $33.79 and $47.90, expiring between 2031 and 2033.

SAUL CENTERS, INC. vice chair Patricia Saul Lotuff reported routine equity compensation awards and related tax withholding. On May 8, 2026, she received 2,000 shares of restricted Common Stock at $0.00 per share, plus a grant of 2,000 Performance Shares tied to future Common Stock. These restricted shares vest in equal installments on each of the first five anniversaries of May 8, 2026, assuming continued employment.

The performance share award can deliver restricted Common Stock on each of the five anniversaries of May 8, 2026, with vesting on May 8, 2031 based on Funds from Operations (FFO) performance versus Board-approved budgets. On May 9, 2026, she also acquired 18 shares of Common Stock at $35.19 as dividend equivalents, while 152 shares were withheld at the same price to satisfy tax obligations. After these transactions, she directly holds 23,699.641 shares of Common Stock, along with unexercised derivative awards covering additional shares.

Saul Centers, Inc. Chairman and CEO B. Francis Saul II reported new equity awards rather than open-market trades. He received 20,000 restricted shares of Common Stock and a 20,000 performance share award, both at a stated price of $0.0000 per share.

He also acquired 268 Common Stock shares at $35.19 per share as dividend-equivalent stock, increasing his directly held Common Stock to 263,720.168 shares. The filing also lists substantial indirect holdings and derivative interests, including partnership units generally convertible one-for-one into Common Stock subject to a 39.9% ownership cap. No share sales are reported.

Saul Centers SVP Judith K. Garland reported routine equity compensation and related tax withholding. She received 1,500 restricted shares of Common Stock on May 8, 2026 that vest in equal installments over five years, plus 1,500 Performance Shares tied to future performance criteria. She also acquired 13 shares as dividend equivalents at $35.19 per share, while 106 shares were withheld to cover tax obligations. Following these transactions, she held 4,896 Common Shares directly and retained multiple option and performance-share awards with expiration dates between 2030 and 2033.

Walker Helgi C. reported acquisition or exercise transactions in this Form 4 filing.

Saul Centers, Inc. director Helgi C. Walker received a grant of 2,000 restricted shares of Common Stock at no cash cost. According to the filing, these shares vest in three equal annual installments on the first three anniversaries of May 8, 2026, assuming continued service. Following this award, Walker directly holds 2,000 shares.

SAUL CENTERS, INC. director Earl A. Powell III received an award of 2,000 shares of Common Stock, reported at a price of $0.00 per share. These restricted shares vest in three equal annual installments on each of the first three anniversaries of May 8, 2026, assuming continued service. Following this grant, he directly holds 7,200 Common Shares and maintains several director stock option awards over 2,500 underlying shares each at exercise prices between $33.79 and $55.71, with expirations from 2028 to 2033.

Saul Centers, Inc. director Philip D. Caraci reported an equity award of 2,000 shares of Common Stock on May 8, 2026. These restricted shares vest in three equal annual installments on the first three anniversaries of May 8, 2026, assuming continued service.

Following this grant, he directly holds 55,416 shares of Common Stock. He also reports indirect Common Stock holdings of 53,187 shares through a self‑trust, 2,602 shares in his wife’s IRA, and 20,564 shares in his wife’s trust. In addition, he holds 39,328.650 phantom stock units tied to Common Stock and several stock options for 2,500 underlying shares each at exercise prices between $33.79 and $59.41, with expirations from 2027 to 2033.

SAUL CENTERS, INC. director Platts H. Gregory reported a stock award and updated his holdings. On May 8, 2026, he received 2,000 restricted shares of Common Stock at no cost. These shares vest in three equal annual installments on the first three anniversaries of May 8, 2026, assuming continued service.

Following this award, Gregory directly owns 8,900 shares of Common Stock. He also holds several director stock options, each covering 2,500 underlying shares with exercise prices ranging from $33.79 to $59.41 per share and expirations between 2027 and 2033, providing additional potential equity exposure.

Saul Centers, Inc. director Mark Sullivan III reported a compensation grant of 2,000 restricted shares of Common Stock at a stated price of $0.0000 per share. These shares vest in three equal annual installments on the first three anniversaries of May 8, 2026, assuming continued service.

Following this award, Sullivan directly holds 10,400 Common shares and several Director Stock Options covering multiple blocks of 2,500 shares each at exercise prices between $33.79 and $59.41, with expirations from 2027 to 2033. An additional 800 Common shares are held by a trust where he is co-trustee, and he disclaims beneficial ownership of those shares.

Leffall LaSalle D. III reported acquisition or exercise transactions in this Form 4 filing.

Saul Centers, Inc. director LaSalle D. Leffall III received an award of 2,000 shares of Common Stock as a restricted stock grant. These restricted shares vest in three equal annual installments on the first three anniversaries of May 8, 2026, assuming he continues in service. After this grant, he directly holds a total of 6,000 shares of Common Stock.

Saul Centers, Inc. director Andrew M. Saul II reported a compensation-related stock award. On May 8, 2026 he received 2,000 restricted shares of Common Stock at $0.00 per share, classified as a grant, award, or other acquisition.

The footnote states these restricted shares vest on the first three anniversaries of May 8, 2026 in equal annual installments, assuming continued service. After this award, his direct Common Stock holdings total 10,800 shares. The filing also lists multiple outstanding stock options, each covering 2,500 underlying Common shares at exercise prices between $33.79 and $59.41, with expiration dates from 2027 through 2033.

Saul Centers, Inc. director George Patrick Clancy Jr reported a compensation-related share award rather than a market trade. He received 2,000 shares of Common Stock at a price of $0.0000 per share, classified as a grant or award.

These are restricted shares that vest in three equal annual installments on the first three anniversaries of May 8, 2026, assuming continued service. After this award, Clancy directly holds 22,605 Common Stock shares. He also holds phantom stock units linked to 4,452.024 Common shares under the directors’ deferred compensation plan and several director stock options covering 2,500 underlying shares each at exercise prices between $33.79 and $59.41 with expirations from 2027 to 2033.

SAUL CENTERS, INC. director George Patrick Clancy Jr. received a grant of 613.873 shares of Phantom Stock on April 1, 2026 at a reference value of $32.58 per share. This is a compensation-related award, not an open-market purchase or sale.

The award increases his phantom stock holdings to 4,374.529 units, which are tied to the company’s common stock under the issuer’s Deferred Compensation Plan for Directors and 2024 Stock Incentive Plan, as described in his Deferred Fee Agreement. The filing also lists existing director stock options over multiple 2,500-share blocks of common stock with exercise prices between about $33.79 and $59.41 and expirations from 2026 through 2033, and shows direct ownership of 20,605 shares of common stock.

Saul Centers, Inc. Senior Vice President & CFO Carlos Lawrence Heard reported an open-market purchase of 500 shares of Series D Preferred Stock at $20.60 per share. Following this trade, his direct holdings in the Series D Preferred Stock increased to 4,500 shares.

He also directly holds 5,930.835 shares of Common Stock, several employee stock options on Common Stock with varying exercise prices and expirations, and performance share awards that may convert into Common Stock on future dates, reflecting a multi-layered equity position in the company.

Saul Centers, Inc. executive Bettina T. Guevara reported compensation-related equity activity. On March 11, 2026, she exercised performance share awards into 1,000 shares of Common Stock at $0 per share and received an additional 500 restricted shares as a grant, bringing her direct Common Stock holdings to 7,305.306 shares.

The restricted shares vest 50% on May 17, 2029 and 50% on May 9, 2030, with part of the award tied to performance criteria for the period from January 1, 2025 through December 31, 2025. She also continues to hold employee stock options over 2,500, 3,000 and 4,000 underlying Common shares at exercise prices of $43.89, $47.90 and $33.79, expiring between 2031 and 2033.

SAUL CENTERS, INC. Chairman and CEO B. Francis Saul II reported equity-based compensation activity rather than open-market trading. On March 11, 2026, he exercised performance share awards covering 8,000 shares of common stock at a conversion price of $0.00 per share, increasing his directly held common stock to 240,154.427 shares.

He also received an additional 4,000 restricted shares of common stock as an award based on 2025 performance. According to the footnotes, half of these restricted shares vest on May 17, 2029 and the other half on May 9, 2030, subject to his continued employment. The filing also lists substantial indirect holdings through entities, units in Saul Holdings Limited Partnership convertible one-for-one into common stock subject to a 39.9% aggregate ownership cap, and phantom stock units that are also convertible one-for-one into common stock under the company’s deferred compensation plan.

Saul Centers, Inc. senior vice president John Collich reported routine equity compensation activity. On March 11, 2026, he exercised performance share awards into 600 shares of Common Stock at a stated price of $0.00 per share and received an additional 300 restricted Common shares. Following these transactions, he directly holds 51,042.62 Common shares, plus 872 shares of Series E preferred stock and indirect Common Stock holdings of 2,878 shares through his wife and 2,221 shares in an IRA. The filing also lists multiple employee stock options on 20,000 underlying Common shares each, with exercise prices between $33.79 and $59.41 and expirations from 2026 through 2033.

Saul Centers, Inc. senior vice president Judith K. Garland reported equity compensation activity, exercising performance share units and receiving additional restricted stock, all as awards from the company rather than open-market trades.

On March 11, 2026, she exercised performance share awards tied to 200 and 300 underlying shares of common stock, and a related entry shows 500 shares of common stock acquired through derivative exercise. She also received a separate grant of 250 restricted shares of common stock as a compensation award.

Following these acquisitions, Garland directly holds 3,489 shares of Saul Centers common stock. Footnotes state that 200 of the restricted shares vest on May 17, 2029 and 300 vest on May 9, 2030, subject to continued employment. An additional 100 and 150 restricted shares earned based on 2025 performance vest on the same respective dates under similar conditions. She also retains employee stock options over 5,000, 5,000, and 10,000 underlying common shares at exercise prices of $43.89, $47.90, and $33.79, expiring in 2031, 2032, and 2033.

Saul Centers, Inc. senior vice president and chief construction officer Donald A. Hachey exercised performance share awards and received additional stock-based compensation. He exercised 600 Performance Shares into 600 shares of Common Stock and was granted 300 restricted shares of Common Stock.

The 300 restricted shares were earned based on 2025 performance criteria and vest 50% on May 17, 2029 and 50% on May 9, 2030, subject to his continued employment. Following these transactions, he holds 4,277.777 shares of Common Stock directly and retains multiple employee stock option grants expiring between 2026 and 2033.

Saul Centers, Inc. director and vice chair Patricia Saul reported compensation-related equity activity, not open-market trading. She exercised performance share awards to acquire 800 shares of Common Stock at $0 per share and received a grant of 400 additional restricted Common shares. Her direct Common Stock holdings increased to 21,833.641 shares. The restricted shares vest 50% on May 17, 2029 and 50% on May 9, 2030, conditioned on continued employment. She also continues to hold a director stock option covering 2,500 Common shares at an exercise price of $33.79, expiring in 2033.

Saul Centers, Inc. president and COO David Todd Pearson reported share acquisitions through equity awards. He exercised performance share awards to acquire 7,000 shares of common stock and received an additional grant of 3,500 restricted common shares at no cash price as compensation.

Following these transactions, he directly holds 61,118.903 shares of Saul Centers common stock. The filing also shows additional indirect ownership of 2,413.873 common shares held in a spouse IRA and multiple outstanding employee and director stock options that remain exercisable over future years.

Saul Centers, Inc. executive Joel Albert Friedman increased his equity stake through awards and exercises. On 2026-03-11, he exercised performance share awards covering 800 shares of Common Stock at an exercise price of 0.0000 per share, and received an additional 400 restricted shares of Common Stock as a grant.

Following these transactions, he directly holds 6,009.909 shares of Common Stock and has indirect exposure to 14,971 shares through a 401(k) plan stock fund. The restricted shares and performance-based awards generally vest 50% on May 17, 2029 and 50% on May 9, 2030, subject to continued employment. He also retains multiple employee stock options over Common Stock with exercise prices between 33.7900 and 59.4100, expiring from 2026-05-06 through 2033-05-12.

Saul Centers, Inc. senior vice president of residential operations Lori Godby reported equity compensation activity involving performance shares, restricted stock, and stock options. On March 11, 2026, she exercised performance share awards into 200 shares of Common Stock and received an additional 100 restricted shares of Common Stock as a grant based on performance criteria. According to the filing, the performance-based restricted shares relate to a period from January 1, 2025 through December 31, 2025, with 50% scheduled to vest on May 17, 2029 and the remaining 50% on May 9, 2030, subject to continued employment. The filing also lists three outstanding employee stock option grants on Common Stock with exercise prices of 43.8900, 47.9000, and 33.7900 per share, each expiring between 2031 and 2033, which vest 25% per year over four years from grant.

Saul Centers, Inc. SVP and director Willoughby B. Laycock reported equity compensation activity in company stock. On March 11, 2026 he acquired 200 shares of Common Stock through exercises or conversions of performance-based awards and received a 100-share grant at $0.0000 per share. After these awards, he holds 4,370.068 Common shares directly, plus additional stock options, performance-based awards, phantom stock units and indirect holdings through a spouse’s 401(k), all of which are compensation-related and not open-market trades.

Friedlis Zachary Maxwell reported acquisition or exercise transactions in this Form 4 filing.

Saul Centers, Inc. Senior Vice President and Director of Leasing Zachary Maxwell Friedlis reported equity award activity dated March 11, 2026. The filing includes derivative transactions in Performance Shares tied to 300 underlying shares of Common Stock each, a non-derivative entry for 600 Common shares at $0.0000 per share, and a grant of 300 restricted Common shares. After these entries he directly holds 2,100 Performance Shares, 5,206.093 shares of Common Stock, and 3,704.552 shares of Series D Preferred Stock. Footnotes describe vesting of certain restricted shares in 2029 and 2030 based on continued employment and note Dividend Reinvestment Plan awards totaling 61.074 shares.

Saul Centers, Inc. reported that Senior Vice President & CFO Carlos Lawrence Heard acquired additional equity through compensation-related awards. He exercised performance share awards covering 800 shares of Common Stock at a conversion price of $0.00 per share and received a further grant of 400 restricted Common shares, bringing his direct Common Stock holdings to 5,930.835 shares.

The restricted shares vest 50% on May 17, 2029 and 50% on May 9, 2030, subject to his continued employment. He also continues to hold employee stock options over 10,000, 15,000 and 15,000 Common shares at exercise prices of $43.89, $47.90 and $33.79, expiring between 2031 and 2033.

Saul Centers, Inc. had an executive vice president, chief accounting officer and treasurer file an amended Form 4 for a prior transaction dated May 17, 2025. The filing corrects the reported post-transaction beneficial ownership in the company stock fund within the executive’s 401(k) plan to 4,775.57 shares of common stock, following the exempt acquisition of 27 common shares as dividend equivalents when a restricted stock award vested on that date.

The filing also lists the executive’s holdings of Series D and Series E preferred stock, multiple employee stock option grants expiring between 2026 and 2033, and performance share awards scheduled to settle in 2029 and 2030.

Saul Centers, Inc. director reported an insider transaction involving phantom stock units converting into common shares. On 01/05/2026, 3,690 shares of common stock were acquired at $31.5 per share through the exercise of phantom stock under the company’s deferred compensation arrangements.

Following this transaction, the director beneficially owns 20,605 shares of Saul Centers common stock directly. The filing also lists multiple director stock options, each covering 2,500 shares of common stock with exercise prices between $33.79 and $59.41 and expirations from 2026 through 2033. In addition, 3,689.856 phantom stock derivative units remain beneficially owned, linked to the company’s Deferred Compensation Plan and the director’s Deferred Fee Agreement.