Walker Helgi C. 4

What Happened Helgi C. Walker, a director of Saul Centers, Inc. (BFS), was granted 2,000 restricted shares of common stock on May 8, 2026. The grant was reported as an award/acquisition at a reported price of $0.00 (typical for restricted stock awards); the filing lists the acquisition value as $0.

Key Details

• Transaction date: 2026-05-08; Form 4 filed: 2026-05-11 (filed within the two-business-day reporting window).
• Shares granted: 2,000 restricted shares; reported acquisition price: $0.00.
• Shares owned after transaction: Not specified in the filing.
• 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 sale, option exercise, tax withholding, or 10b5-1 plan was reported.

Context This was an equity award (not an open-market purchase or sale). Restricted stock grants are common compensation for directors and typically vest over time, so they do not represent immediately tradable shares. Such awards are routine corporate compensation and should be interpreted as part of pay/retention practices rather than a direct buy/sell signal.