Collich John 4

What Happened

• John Collich, Senior Vice President and Chief Acquisition & Development Officer at Saul Centers (BFS), received 30 shares as dividend equivalents on a restricted stock award that vested on May 17, 2026 (30 shares × $33.00 = $990). At the same time, 98 shares were disposed/withheld to satisfy tax withholding related to the vesting (98 shares × $33.00 = $3,234). These transactions reflect an award vesting and routine tax withholding, not an open-market purchase or sale.

Key Details

• Transaction date: May 17, 2026; Form 4 filed May 19, 2026 (timely).
• Acquisition: 30 shares at $33.00 each — total value $990 (code A: award).
• Disposal/withholding: 98 shares at $33.00 each — total value $3,234 (code F: payment of tax liability).
• Shares owned after transaction: not disclosed in the filing.
• Footnotes: F1 — shares were dividend equivalents on a restricted stock award that vested May 17, 2026; F2 — related options (if any) vest 25% per year over four years from grant (vesting schedule noted, not exercised here).

Context

• This filing documents a vesting event (award) and routine tax withholding; the 30-share acquisition is a modest award amount and the 98-share disposition is for tax payment rather than a market sale. Such vesting/withholding transactions are common for executives and do not by themselves indicate a buy or sell signal.