GARLAND JUDITH K. (SVP, Office and Retail) received a stock award from SAUL CENTERS, INC.

Compensation award — not an open‑market transaction. Less informative as a directional signal.

A · 1 award

GARLAND JUDITH K.

Filed: 5/19/2026ACC: 0001849366-26-000002

InsiderGARLAND JUDITH K.CIK 1849366

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IssuerSAUL CENTERS, INC.CIK 907254

Officer· SVP, Office and Retail

Since May 2021

-52.00

Net shares

Net seller

$2.3K

Total sold

Open market trades

0B · 0S

Total transactions

19.00 acquired · 71.00 disposed

Non-Derivative Transactions2

Common Stock

Direct

F · Tax Withholding

−71.00

Price / share

$33.00

Trade value

$2.34K

% of position

1.5%

5/17/2026

4.90K→4.83K

Common Stock

Direct

A · Award

+19.00

Price / share

$33.00

Trade value

$627.00

% of position

0.4%

5/17/2026

4.83K→4.84K

Total

Net shares

−52.00

Net value

-$1.72K

Security	Date	Type	Shares	Price / Share	Trade Value	% of Position	Held Before	Held After
Common Stock Direct	5/17/2026	F · Tax Withholding	−71.00	$33.00	$2.34K	1.5%	4.90K	4.83K
Common Stock Direct	5/17/2026	A · Award	+19.00	$33.00	$627.00	0.4%	4.83K	4.84K
Total			−52.00		-$1.72K

Derivative Transactions0

No derivative transactions reported

Non-Derivative Holdings (Post-Transaction)0

No non-derivative holdings reported

Derivative Holdings (Post-Transaction)6

Performance Shares

Direct

Underlying security

Common Stock

Underlying shares

600.00

Shares owned

600.00

Exercise price

Expiration

—

Exercise window

—

Employee Stock Option

Direct

Underlying security

Common Stock

Underlying shares

Shares owned

Exercise price

47.90

Expiration

—

Exercise window

—

Employee Stock Option

Direct

Underlying security

Common Stock

Underlying shares

Shares owned

Exercise price

43.89

Expiration

—

Exercise window

—

Performance Shares

Direct

Underlying security

Common Stock

Underlying shares

1.50K

Shares owned

1.50K

Exercise price

Expiration

—

Exercise window

—

Employee Stock Option

Direct

Underlying security

Common Stock

Underlying shares

10K

Shares owned

10K

Exercise price

33.79

Expiration

—

Exercise window

—

Performance Shares

Direct

Underlying security

Common Stock

Underlying shares

1.20K

Shares owned

1.20K

Exercise price

Expiration

—

Exercise window

—

Total

Underlying

23.30K

Owned

23.30K

Security	Underlying	Exercise Price	Exercise Window	Expiration	Underlying Shares	Shares Owned
Performance Shares Direct	Common Stock	0	—	—	600.00	600.00
Employee Stock Option Direct	Common Stock	47.90	—	—	5K	5K
Employee Stock Option Direct	Common Stock	43.89	—	—	5K	5K
Performance Shares Direct	Common Stock	0	—	—	1.50K	1.50K
Employee Stock Option Direct	Common Stock	33.79	—	—	10K	10K
Performance Shares Direct	Common Stock	0	—	—	1.20K	1.20K
Total					23.30K	23.30K