Every Form 4 that Saul Centers, Inc. (BFS) has filed with the SEC in the last 12 months is listed below, newest first, and each one links through to the document itself with the summary and the scores our analysis gives it.
A Form 4 covers the transactions officers, directors and large holders report, so if you follow BFS and want that one kind of document rather than the whole filing history, this is the page to keep. The company's other filings, of every form, are on the full BFS filings page.
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.
Saul Centers, Inc. director reported updated equity holdings, including both common stock and deferred compensation awards. The filing shows beneficial ownership of 16,915 shares of common stock held directly.
In the deferred compensation program, the director holds a series of director stock options covering multiple grants of 2,500 shares of common stock each, with exercise prices ranging from $33.79 to $59.41 and expiration dates between May 6, 2026 and May 12, 2033.
The report also discloses an acquisition on January 2, 2026 of 634.316 phantom stock shares at a reference price of $31.53 under the company’s Deferred Compensation Plan for Directors, bringing total phantom stock holdings to 7,379.856 shares, which include 135.486 shares previously awarded as dividend reinvestments.
Saul Centers, Inc. (BFS) reported an insider transaction by Senior Vice President & CFO Carlos L. Heard. On 11/20/2025, he purchased 300 shares of the company’s Series D Preferred Stock at $20.55 per share, bringing his beneficial ownership in that series to 4,000 shares held directly.
The filing also lists existing equity incentives. Heard holds employee stock options to buy 10,000 shares of common stock granted 05/07/2021 at an exercise price of $43.89, 15,000 shares granted 05/13/2022 at $47.90, and 15,000 shares granted 05/12/2023 at $33.79. These options vest 25% per year over four years from each grant date and expire ten years after grant.
In addition, he holds performance share awards covering 1,600 common shares with a 05/17/2029 date and 2,000 common shares with a 05/09/2030 date, all reported as directly owned. The filing is made by one reporting person and confirms his role as Senior Vice President & CFO.
Saul Centers, Inc. (BFS) reported insider activity by Senior Vice President & CFO Carlos L. Heard. On 11/14/2025, 11/17/2025, and 11/18/2025, he purchased a total of 1,650 shares of Series D Preferred Stock in three open-market transactions at prices of $20.50, $20.54, and $20.35 per share. After these purchases, he beneficially owned 3,700 shares of Series D Preferred Stock.
The filing also shows beneficial ownership of 4,725.176 shares of Common Stock. In addition, he holds employee stock options for 10,000 shares of Common Stock at an exercise price of $43.89 expiring 05/07/2031, 15,000 shares at $47.90 expiring 05/13/2032, and 15,000 shares at $33.79 expiring 05/12/2033. These options vest 25% per year over four years from the grant date. He also holds performance shares covering 1,600 shares of Common Stock vesting on 05/17/2029 and 2,000 shares vesting on 05/09/2030.
Saul Centers, Inc. (BFS) disclosed insider purchases by Senior Vice President & CFO Carlos L. Heard. He bought 450 Series D Preferred shares on 11/11/2025 at $20.85, 450 on 11/12/2025 at $20.70, and 450 on 11/13/2025 at $20.60, totaling 1,350 shares. Following these trades, his direct holdings of Series D Preferred were 2,050 shares. He also held 4,725.176 shares of Common Stock, which the filing notes increased by a 5.924 share Dividend Reinvestment Plan award on October 31, 2025.
Derivative holdings include employee stock options for 10,000 shares at $43.89 expiring 05/07/2031, 15,000 at $47.90 expiring 05/13/2032, and 15,000 at $33.79 expiring 05/12/2033; options vest 25% per year over four years from grant. Performance shares listed: 1,600 and 2,000 underlying Common Stock with dates 05/17/2029 and 05/09/2030, respectively.
Saul Centers, Inc. (BFS) reported an insider open-market purchase by a company officer. On 11/12/2025, the officer bought 2,000 shares of common stock at $29.9933 per share, a transaction coded “P.” Following this trade, the officer directly owned 49,259.62 common shares.
Separately, the filing lists 2,180 common shares held indirectly via an IRA (per footnote 1) and 2,824 common shares held indirectly by the officer’s spouse (per footnote 2). The footnotes also note dividend reinvestment plan awards that increased these balances (footnote 3 references added fractional shares). The officer also beneficially owns multiple employee stock options, each for 20,000 underlying shares with grant years 2016–2023 and stated expiration dates through 2033, plus performance shares of 1,200 and 1,500 with 2029 and 2030 dates.
Saul Centers, Inc. (BFS) reported an insider open‑market purchase. On 11/12/2025, the reporting person bought 3,348 shares of common stock at $29.862 per share.
Following the trade, the insider beneficially owned 50,566.916 shares directly, and 2,368.427 shares were held indirectly in a spouse’s IRA. The filer is listed as both Director and President & COO. Notes indicate recent increases from dividend reinvestment plan awards.