CLANCY GEORGE PATRICK JR

PrivateCIK: 1216742

Location

BETHESDA, MD

CLANCY GEORGE PATRICK JR exercised options at SAUL CENTERS, INC.

Option exercise — a mechanical event triggered by vesting or expiry. Not a discretionary conviction trade.

M · 1 exercise

CLANCY GEORGE PATRICK JR

Filed: 1/6/2026ACC: 0001216742-26-000002

InsiderCLANCY GEORGE PATRICK JRCIK 1216742

→

IssuerSAUL CENTERS, INC.CIK 907254

Director

Since Jul 2018

0.00

Net shares

Net seller

$116.2K

Total acquired

0

Open market trades

0B · 0S

2

Total transactions

3.69K acquired · 3.69K disposed

Non-Derivative Transactions1

Common Stock

Direct

M · Option Exercise

Shares

+3.69K

Price / share

$31.50

Trade value

$116.23K

% of position

21.8%

1/5/2026

16.91K→20.61K

Total

Net shares

+3.69K

Net value

$116.23K

Security	Date	Type	Shares	Price / Share	Trade Value	% of Position	Held Before	Held After
Common Stock Direct	1/5/2026	M · Option Exercise	+3.69K	$31.50	$116.23K	21.8%	16.91K	20.61K
Total			+3.69K		$116.23K

Derivative Transactions1

Phantom Stock

Direct

M · Option Exercise

Converts to

Common Stock

3.69K shares

Shares

−3.69K

Strike price

Held after

3.69K

Exercisable

—

1/5/2026

Security	Converts To	Date	Type	Shares	Strike Price	Exercisable	Held After
Phantom Stock Direct	Common Stock3.69K shares	1/5/2026	M · Option Exercise	−3.69K		—	3.69K

Non-Derivative Holdings (Post-Transaction)0

No non-derivative holdings reported

Derivative Holdings (Post-Transaction)8

Director Stock Option

Direct

Underlying security

Common Stock

Underlying shares

2.50K

Shares owned

2.50K

Exercise price

47.90

Expiration

—

Exercise window

—

Director Stock Option

Direct

Underlying security

Common Stock

Underlying shares

2.50K

Shares owned

2.50K

Exercise price

50

Expiration

—

Exercise window

—

Director Stock Option

Direct

Underlying security

Common Stock

Underlying shares

2.50K

Shares owned

2.50K

Exercise price

57.74

Expiration

—

Exercise window

—

Director Stock Option

Direct

Underlying security

Common Stock

Underlying shares

2.50K

Shares owned

2.50K

Exercise price

33.79

Expiration

—

Exercise window

—

Director Stock Option

Direct

Underlying security

Common Stock

Underlying shares

2.50K

Shares owned

2.50K

Exercise price

55.71

Expiration

—

Exercise window

—

Director Stock Option

Direct

Underlying security

Common Stock

Underlying shares

2.50K

Shares owned

2.50K

Exercise price

43.89

Expiration

—

Exercise window

—

Director Stock Option

Direct

Underlying security

Common Stock

Underlying shares

2.50K

Shares owned

2.50K

Exercise price

59.41

Expiration

—

Exercise window

—

Director Stock Option

Direct

Underlying security

Common Stock

Underlying shares

2.50K

Shares owned

2.50K

Exercise price

49.46

Expiration

—

Exercise window

—

Total

Underlying

20K

Owned

20K

Security	Underlying	Exercise Price	Exercise Window	Expiration	Underlying Shares	Shares Owned
Director Stock Option Direct	Common Stock	47.90	—	—	2.50K	2.50K
Director Stock Option Direct	Common Stock	50	—	—	2.50K	2.50K
Director Stock Option Direct	Common Stock	57.74	—	—	2.50K	2.50K
Director Stock Option Direct	Common Stock	33.79	—	—	2.50K	2.50K
Director Stock Option Direct	Common Stock	55.71	—	—	2.50K	2.50K
Director Stock Option Direct	Common Stock	43.89	—	—	2.50K	2.50K
Director Stock Option Direct	Common Stock	59.41	—	—	2.50K	2.50K
Director Stock Option Direct	Common Stock	49.46	—	—	2.50K	2.50K
Total					20K	20K

CLANCY GEORGE PATRICK JR — Insider Transaction (Form 4) Filed Jan 6, 2026 | Finecho