Collich John 4

What Happened

• John Collich, Senior VP & Chief Acquisitions & Development Officer at Saul Centers (BFS), received a grant of 1,500 restricted shares on May 8, 2026 (reported at $0.00 grant price).
• On May 9, 2026, 112 shares appear to have vested/settled: 14 shares were delivered to Collich (14 @ $35.19 = $493), and 98 shares were surrendered/withheld to satisfy tax obligations (98 @ $35.19 = $3,449). The withholding is reported as a tax payment (transaction code F). These were awards/settlements (transaction code A for grant/award).

Key Details

• Transaction dates & prices: Grant 5/8/2026 (1,500 shares, $0.00); settlement/withholding 5/9/2026 (14 shares issued @ $35.19; 98 shares withheld @ $35.19).
• Shares owned after transaction: not specified in the provided excerpt.
• Relevant footnotes: the 1,500 shares are restricted shares that vest over the first five anniversaries of May 8, 2026 (footnote on multi-year vesting). Additional footnote indicates the 14 shares were dividend-equivalent shares that vested on May 9, 2026.
• Transaction codes: A = award/grant; F = tax withholding/payment.
• Filing timeliness: Form filed 2026-05-12 for transactions on 5/8–5/9/2026 — this appears later than the typical 2-business-day Form 4 filing window.

Context

• This filing mainly reports an equity award and routine tax withholding on vesting — not an open-market buy or sale. Awards indicate compensation and vesting schedules rather than an immediate bullish purchase by the insider.