SAUL CENTERS, INC.·4

May 11, 5:30 PM ET

Saul Andrew M. II 4

4 · SAUL CENTERS, INC. · Filed May 11, 2026

Research Summary

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Updated

Saul Centers (BFS) Director Saul Andrew M. II Receives 2,000 Shares

What Happened Saul Andrew M. II, a director of Saul Centers, Inc. (BFS), received an award of 2,000 restricted shares on May 8, 2026. The Form 4 reports an acquisition price of $0 (grant/award), so the filing shows $0 paid for the shares; no market value is stated in the filing excerpt.

Key Details

  • Transaction date: May 8, 2026; Filing date: May 11, 2026 (timely filing within the SEC 3-business-day window).
  • Transaction type/code: A — Grant / Award / Other acquisition.
  • Shares granted: 2,000 restricted shares; acquisition price reported as $0.
  • Shares owned after transaction: Not specified in the provided filing excerpt.
  • Footnote: These are restricted shares that vest in equal annual installments on the first three anniversaries of May 8, 2026, subject to continued service.
  • No 10b5-1 plan, tax-withholding sale, or option exercise noted in this filing.

Context Restricted share awards are a form of compensation that vest over time and typically cannot be sold until vesting conditions are met. Such awards reflect compensation or retention incentives rather than an immediate open-market purchase or sale; they should not be interpreted alone as a clear bullish or bearish signal about the company.

Insider Transaction Report

Form 4
Period: 2026-05-08
Transactions
  • Award

    Common Stock

    [F1]
    2026-05-08+2,00010,800 total
Holdings
  • Stock Option

    Exercise: $59.41From: 2017-05-05Exp: 2027-05-05Common Stock (2,500 underlying)
    2,500
  • Stock Option

    Exercise: $49.46From: 2018-05-11Exp: 2028-05-11Common Stock (2,500 underlying)
    2,500
  • Stock Option

    Exercise: $55.71From: 2019-05-03Exp: 2029-05-03Common Stock (2,500 underlying)
    2,500
  • Stock Option

    Exercise: $50.00From: 2020-04-24Exp: 2030-04-24Common Stock (2,500 underlying)
    2,500
  • Stock Option

    Exercise: $43.89From: 2021-05-07Exp: 2031-05-07Common Stock (2,500 underlying)
    2,500
  • Stock Option

    Exercise: $47.90From: 2022-05-13Exp: 2032-05-13Common Stock (2,500 underlying)
    2,500
  • Stock Option

    Exercise: $33.79From: 2023-05-12Exp: 2033-05-12Common Stock (2,500 underlying)
    2,500
Footnotes (1)
  • [F1]Represents restricted shares of Common Stock. Such shares vest on the first three anniversaries of May 8, 2026 in equal annual installments, assuming continued service.
Signature
/s/ Carlos L. Heard, by Power of Attorney|2026-05-11

Documents

1 file
  • 4
    wk-form4_1778535016.xmlPrimary

    FORM 4