Saul Centers, Inc. filings document regulatory disclosures for a self-managed equity REIT that owns, operates, and develops shopping center and mixed-use real estate. Recent 8-K reports furnish quarterly operating results and identify the company’s NYSE-listed common stock and depositary shares representing Series D and Series E cumulative redeemable preferred stock.
The filing record also includes proxy governance and executive compensation disclosures, board-change reports, and material definitive agreements involving Saul Holdings Limited Partnership, the company’s operating partnership. These documents describe the REIT’s public-company governance, capital structure, financing arrangements, and operating-result disclosures.
SAUL CENTERS, INC. senior vice president Zachary Maxwell Friedlis reported compensation-related equity awards and tax withholding transactions in company stock. On May 8, 2026, he received 1,500 restricted shares of Common Stock at $0.0000 per share, which vest in equal installments on the first five anniversaries of May 8, 2026, assuming continued employment.
He was also granted 1,500 Performance Shares tied to an equal number of underlying Common shares at a $0.0000 exercise price, scheduled to cliff-vest on May 8, 2031 subject to multi-year Funds from Operations performance criteria. On May 9, 2026, he acquired 13 Common shares as dividend equivalents at $35.19 per share, while 97 shares were withheld at the same price to cover tax liabilities.
Following these transactions, he directly holds 6,629.575 Common shares. He also holds earlier Performance Share awards representing 1,200 and 900 underlying Common shares with zero exercise price and expiration dates in 2029 and 2030, respectively.
Saul Centers, Inc. Senior Vice President & CFO Carlos Lawrence Heard reported new equity compensation and related tax withholding. On May 8, 2026, he received 2,000 restricted shares of Common Stock at $0.0000 per share, which vest in five equal annual installments beginning on May 8, 2026, assuming continued employment. On May 9, 2026, he acquired 19 Common Shares at $35.19 as dividend equivalents tied to previously granted restricted stock, while 131 shares at the same price were withheld to satisfy tax obligations. After these transactions, he directly holds 7,805.1597 Common Shares. He also reports outstanding derivative incentives, including performance shares convertible into Common Stock and employee stock options with exercise prices between $33.79 and $47.90 expiring between 2031 and 2033.
SAUL CENTERS, INC. senior vice president Willoughby B. Laycock reported routine equity compensation and related tax withholding. On May 8, 2026, he received 500 restricted shares of common stock for $0 per share and a separate grant of 500 performance shares tied to future common stock, which vest based on multi‑year performance and cliff‑vesting on May 8, 2031 under Funds from Operations (FFO) targets. On May 9, 2026, he acquired 5 shares as dividend equivalents at $35.19 per share, while 36 shares were withheld at the same price to cover tax obligations. After these transactions, he holds 4,834.068 common shares directly and 249.952 shares indirectly through a spouse 401(k), plus various option, performance share, and phantom stock positions that provide potential future exposure to Saul Centers stock.
SAUL CENTERS, INC. senior vice president and Chief Construction Officer Donald A. Hachey reported routine equity compensation activity. On May 8, 2026, he received 1,500 restricted shares of Common Stock at $0.00, which vest in equal annual installments over five years, and a related grant of 1,500 Performance Shares tied to future vesting and performance goals. On May 9, 2026, he acquired 15 additional Common Shares at $35.19 as dividend-equivalent compensation, while 101 shares at the same price were withheld to cover tax obligations. Following these transactions, he directly holds 5,680.8121 Common Shares, alongside multiple Performance Share awards and employee stock options that provide additional potential future exposure to the company’s stock.
SAUL CENTERS, INC. executive vice president and chief legal and administrative officer Bettina T. Guevara reported new equity compensation and related tax withholding. She received a grant of 2,500 restricted shares of Common Stock on May 8, 2026 at a stated price of $0.0000 per share, which vest in equal annual installments over five years assuming continued employment. On May 9, 2026, she was credited with 22 Common shares at $35.19 per share as dividend equivalents on an existing restricted stock award, while 190 shares at the same price were withheld to cover tax obligations. After these transactions she directly owns 9,621.4231 Common shares. She also holds performance share awards tied to future grants of restricted stock and company Funds from Operations performance, plus employee stock options on additional Common shares with exercise prices between $33.79 and $47.90 and expirations from 2031 to 2033.
SAUL CENTERS, INC. executive vice president, chief accounting officer and treasurer Joel Albert Friedman reported equity compensation and related tax withholding in company stock. On May 8, 2026, he received 2,000 restricted shares of Common Stock at $0.00 per share that vest in equal installments on each of the first five anniversaries of May 8, 2026, assuming continued employment. He also received 2,000 Performance Shares, which can convert into Common Stock on May 8, 2031 based on Funds from Operations performance criteria set annually by the board. On May 9, 2026, he acquired 26 Common shares at $35.19 each as dividend equivalents on a restricted stock award that vested the same day, and 131 shares of Common Stock were withheld to cover tax obligations, leaving him with 7,889.7111 directly held Common shares. He also reports indirect ownership of 15,248 Common shares in a 401(k) plan and multiple stock option grants and performance share awards that remain outstanding.
SAUL CENTERS, INC. senior vice president John Collich reported routine equity compensation and related tax withholding. He received 1,500 restricted shares of Common Stock on May 8, 2026, which vest in five equal annual installments starting on that date, assuming continued employment. He was also granted 1,500 Performance Shares that may convert into restricted Common Stock on each of the five anniversaries of May 8, 2026, with vesting on May 8, 2031 subject to achieving Funds from Operations performance criteria. On May 9, 2026, he acquired 14 additional Common shares as dividend equivalents at $35.19 per share and had 98 shares withheld at the same price to cover tax liabilities, leaving 53,188.02 Common shares held directly. He also reports indirect Common Stock holdings through an IRA and his spouse, Series E Preferred Stock, and multiple employee stock option awards and performance share awards that remain outstanding.
SAUL CENTERS, INC. President & COO David Todd Pearson reported equity compensation and related tax withholding transactions. On May 8, 2026, he received 17,500 shares of Common Stock at $0.00 per share and a performance share award over 17,500 Performance Shares tied to future vesting and performance conditions.
On May 9, 2026, 157 Common Shares at $35.19 per share were acquired and 1,206 shares were disposed of at the same price to satisfy tax liabilities, a non-market transaction. After these movements, he directly held about 77,428.2814 Common Shares, plus indirect holdings in a spouse IRA and a significant portfolio of options and performance shares that extend through 2033.
Saul Centers, Inc. senior vice president Lori Godby reported routine equity compensation activity and related tax withholding. On May 8, 2026, she received 500 restricted shares of Common Stock and 500 Performance Shares at $0.00 per share as a grant, increasing her direct Common Stock holdings to 1,916 shares.
On May 9, 2026, 34 Common shares were disposed of at $35.19 per share to satisfy tax obligations, leaving 1,882 Common shares held directly. She also holds Performance Shares tied to 700 underlying Common shares from prior awards and employee stock options over 15,000 underlying Common shares with exercise prices between $33.79 and $47.90, expiring between 2031 and 2033.
SAUL CENTERS, INC. vice chair Patricia Saul Lotuff reported routine equity compensation awards and related tax withholding. On May 8, 2026, she received 2,000 shares of restricted Common Stock at $0.00 per share, plus a grant of 2,000 Performance Shares tied to future Common Stock. These restricted shares vest in equal installments on each of the first five anniversaries of May 8, 2026, assuming continued employment.
The performance share award can deliver restricted Common Stock on each of the five anniversaries of May 8, 2026, with vesting on May 8, 2031 based on Funds from Operations (FFO) performance versus Board-approved budgets. On May 9, 2026, she also acquired 18 shares of Common Stock at $35.19 as dividend equivalents, while 152 shares were withheld at the same price to satisfy tax obligations. After these transactions, she directly holds 23,681.641 shares of Common Stock, along with unexercised derivative awards covering additional shares.