Saul Centers, Inc. filings document regulatory disclosures for a self-managed equity REIT that owns, operates, and develops shopping center and mixed-use real estate. Recent 8-K reports furnish quarterly operating results and identify the company’s NYSE-listed common stock and depositary shares representing Series D and Series E cumulative redeemable preferred stock.
The filing record also includes proxy governance and executive compensation disclosures, board-change reports, and material definitive agreements involving Saul Holdings Limited Partnership, the company’s operating partnership. These documents describe the REIT’s public-company governance, capital structure, financing arrangements, and operating-result disclosures.
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.