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.
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. reported results of its 2026 Annual Meeting and shared an updated overview of its portfolio and finances. Stockholders elected four directors for three-year terms and ratified Deloitte & Touche LLP as independent auditor for the 2026 fiscal year. Turnout was high, with 22,994,869 common shares voting, representing 93.9% of the 24,495,775 shares eligible to vote. Stockholders also approved, on an advisory basis, executive compensation.
The accompanying shareholder presentation shows a portfolio led by shopping centers, which generated 71.3% of 2025 property net operating income, with apartments contributing 12.9% and offices 15.9%. Shopping center leasing remained strong at 95.6% as of December 31, 2025 and 95.9% at March 31, 2026, while apartment leasing was 97.7% at year-end 2025. Funds From Operations were $2.76 per basic share in 2025, with dividends of $2.36 per share. Total debt was $1.62 billion as of March 31, 2026, 88.8% of which was fixed-rate at a 4.73% average interest rate, supported by a $600 million bank credit facility and staggered debt maturities.
SAUL CENTERS, INC. director Helgi C. Walker filed an initial Form 3 indicating no securities are beneficially owned. This filing simply establishes the insider’s reported ownership position at zero shares and does not reflect any purchase, sale, or other transaction in the company’s stock.