Hachey Donald A 4

What Happened
Donald A. Hachey, SVP & Chief Construction Officer of Saul Centers, reported multiple derivative and award transactions on 2026-03-11. The filing shows he: exercised/converted derivatives to acquire 600 shares, received a grant/award of 300 restricted shares, and reported two derivative “Disposed” entries of 300 shares each (total 600 disposed). All transactions are reported at $0.00 per share on the Form 4.

Key Details

• Transaction date: 2026-03-11; Form 4 filed 2026-03-12 (timely filing).
• Reported prices/values: all transactions shown at $0.00 per share (total reported value $0).
• Shares involved: 600 shares acquired via exercise/conversion (M), 300 shares acquired as award/grant (A), and two disposed derivative entries of 300 shares each (M).
• Shares owned after transaction: not specified in the provided summary — see the SEC filing for complete post-transaction holdings.
• Footnotes of note:
  • F1/F3: The award/restricted shares have vesting conditions — 50% vest on May 17, 2029 and remaining 50% on May 9, 2030, subject to continued employment.
  • F2: Balance previously increased by 8.777 shares from dividend reinvestment (Oct 31, 2025 and Jan 31, 2026).
  • F4: Options vest 25% per year over four years from grant date.
• No 10b5-1 plan, tax-withholding, or late-filing flags noted in the provided details.

Context
The filing involves derivative activity (option exercise/conversion) and the receipt of restricted stock awards. Derivative entries marked “M” indicate exercise/conversion of options or other derivatives; the two “Disposed” derivative entries indicate conversion/disposition activity but the Form 4 excerpts provided do not state whether those shares were sold, surrendered to cover exercise obligations, or otherwise net-settled. All details and full post-transaction holdings are available in the full SEC Form 4 (accession 0000907254-26-000015).