SAUL CENTERS, INC. — Insider Transactions
Form 4 filings by directors, officers, and 10%+ shareholders
SEC rules require corporate insiders — including directors, executive officers, and any shareholder owning more than 10% of a company's shares — to report changes in their ownership within two business days of a transaction. These disclosures are filed as Form 4. Open-market purchases (code P) are generally considered the most meaningful signal, as insiders are spending their own money.
| Insider | Title | Type | Shares | Price | Value | Owns After | Date |
|---|---|---|---|---|---|---|---|
| Heard Carlos Lawrence | Senior Vice President & CFO | Purchase | 300 | $20.55 | $6,165 | 4,000 | Nov 20, 2025 |
| Heard Carlos Lawrence | Senior Vice President & CFO | Purchase | 450 | $20.50 | $9,225 | 2,500 | Nov 17, 2025 |
| Collich John | Sr. VP, Chief Acq. & Dev. Off. | Purchase | 2,000 | $29.99 | $59,980 | 49,260 | Nov 12, 2025 |
| Pearson David Todd | President & COO | Purchase | 3,348 | $29.86 | $99,971 | 50,567 | Nov 12, 2025 |
| Heard Carlos Lawrence | Senior Vice President & CFO | Purchase | 450 | $20.70 | $9,315 | 1,600 | Nov 11, 2025 |
| Guevara Bettina T. | Exec. VP /Chf Legal & Adm Off | Purchase | 210 | $33.00 | $6,930 | 5,792 | May 21, 2025 |
| CLANCY GEORGE PATRICK JR | — | Award / Grant | 46 | $33.81 | $1,555 | 16,915 | May 20, 2025 |
| Guevara Bettina T. | Exec. VP /Chf Legal & Adm Off | Award / Grant | 22 | $34.39 | $757 | 5,582 | May 17, 2025 |
| Friedman Joel Albert | Exec VP, CAO & Treasurer | Award / Grant | 27 | $34.39 | $929 | 4,376 | May 17, 2025 |
| Pearson David Todd | President & COO | Purchase | 1,362 | $32.96 | $44,892 | 47,165 | May 17, 2025 |
| Laycock Willoughby B. | SVP-Res. Design/Mrkt Research | Award / Grant | 5 | $34.39 | $172 | 4,070 | May 17, 2025 |
| Friedlis Zachary Maxwell | Sr. VP-Director of Leasing | Award / Grant | 14 | $34.39 | $481 | 4,245 | May 17, 2025 |
| COLLICH JOHN F | Sr. VP, Chief Acq. & Dev. Off. | Tax Withholding | 98 | $34.39 | $3,370 | 45,561 | May 17, 2025 |
| SAUL B FRANCIS II | Chairman & CEO | Award / Grant | 274 | $34.39 | $9,423 | 217,671 | May 17, 2025 |
| Lotuff Patricia Saul | Vice Chair | Award / Grant | 18 | $34.39 | $619 | 20,224 | May 17, 2025 |
| Godby Lori | Senior Vice Pres.-Residential | Tax Withholding | 34 | $34.39 | $1,169 | 1,116 | May 17, 2025 |
| Garland Judith K. | SVP, Office and Retail | Tax Withholding | 71 | $34.39 | $2,442 | 2,729 | May 17, 2025 |
| Heard Carlos Lawrence | Senior Vice President & CFO | Tax Withholding | 131 | $34.39 | $4,505 | 4,699 | May 17, 2025 |
| Hachey Donald A | SVP-Chief Construction Officer | Award / Grant | 15 | $34.39 | $516 | 3,369 | May 17, 2025 |
| SAUL B FRANCIS II | Chairman & CEO | Purchase | 2,821 | $33.22 | $93,714 | 217,397 | May 13, 2025 |
| Garland Judith K. | SVP, Office and Retail | Award / Grant | 1,500 | — | — | 2,800 | May 9, 2025 |
| CARACI PHILIP D | — | Award / Grant | 2,000 | — | — | 53,416 | May 9, 2025 |
| Laycock Willoughby B. | SVP-Res. Design/Mrkt Research | Award / Grant | 500 | — | — | 4,101 | May 9, 2025 |
| Friedman Joel Albert | Exec VP, CAO & Treasurer | Award / Grant | 2,000 | — | — | 4,349 | May 9, 2025 |
| Friedlis Zachary Maxwell | Sr. VP-Director of Leasing | Award / Grant | 1,500 | — | — | 4,327 | May 9, 2025 |
| CLANCY GEORGE PATRICK JR | — | Award / Grant | 2,000 | — | — | 16,869 | May 9, 2025 |
| Pearson David Todd | President & COO | Award / Grant | 17,500 | — | — | 46,848 | May 9, 2025 |
| Sullivan Mark III | — | Award / Grant | 2,000 | — | — | 8,400 | May 9, 2025 |
| Lotuff Patricia Saul | Vice Chair | Award / Grant | 2,000 | — | — | 20,358 | May 9, 2025 |
| Guevara Bettina T. | Exec. VP /Chf Legal & Adm Off | Award / Grant | 2,500 | — | — | 5,750 | May 9, 2025 |
| CHAPOTON JOHN E | — | Award / Grant | 2,000 | — | — | 11,466 | May 9, 2025 |
| Saul Andrew M. II | — | Award / Grant | 2,000 | — | — | 8,800 | May 9, 2025 |
| Leffall LaSalle D. III | — | Award / Grant | 2,000 | — | — | 4,000 | May 9, 2025 |
| Heard Carlos Lawrence | Senior Vice President & CFO | Award / Grant | 2,000 | — | — | 4,830 | May 9, 2025 |
| COLLICH JOHN F | Sr. VP, Chief Acq. & Dev. Off. | Award / Grant | 1,500 | — | — | 45,659 | May 9, 2025 |
| Platts H. Gregory | — | Award / Grant | 2,000 | — | — | 6,900 | May 9, 2025 |
| Godby Lori | Senior Vice Pres.-Residential | Award / Grant | 500 | — | — | 1,150 | May 9, 2025 |
| Powell Earl A III | — | Award / Grant | 2,000 | — | — | 5,200 | May 9, 2025 |
| Hachey Donald A | SVP-Chief Construction Officer | Award / Grant | 1,500 | — | — | 3,450 | May 9, 2025 |
| SAUL B FRANCIS II | Chairman & CEO | Award / Grant | 20,000 | — | — | 207,397 | May 9, 2025 |
| COLLICH JOHN F | Sr. VP, Chief Acq. & Dev. Off. | Option Exercise | 300 | — | — | 43,230 | Mar 6, 2025 |
| SAUL B FRANCIS II | Chairman & CEO | Award / Grant | 2,000 | — | — | 184,416 | Mar 6, 2025 |
| Heard Carlos Lawrence | Senior Vice President & CFO | Award / Grant | 200 | — | — | 2,826 | Mar 6, 2025 |
| Godby Lori | Senior Vice Pres.-Residential | Award / Grant | 50 | — | — | 650 | Mar 6, 2025 |
| Friedman Joel Albert | Exec VP, CAO & Treasurer | Option Exercise | 400 | — | — | 2,539 | Mar 6, 2025 |
| Lotuff Patricia Saul | Vice Chair | Award / Grant | 200 | — | — | 18,172 | Mar 6, 2025 |
| Hachey Donald A | Senior Vice Pres.-Construction | Award / Grant | 150 | — | — | 1,950 | Mar 6, 2025 |
| Guevara Bettina T. | Exec. VP /Chf Legal & Adm Off | Option Exercise | 500 | — | — | 3,000 | Mar 6, 2025 |
| Laycock Willoughby B. | SVP-Res. Design/Mrkt Research | Award / Grant | 50 | — | — | 3,601 | Mar 6, 2025 |
| Friedlis Zachary Maxwell | Sr. VP-Director of Leasing | Award / Grant | 150 | — | — | 2,811 | Mar 6, 2025 |