GODBY LORI (Senior Vice Pres.-Residential) received a stock award from SAUL CENTERS, INC.

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

A · 1 award

GODBY LORI

Filed: 3/12/2026ACC: 0000907254-26-000011

InsiderGODBY LORICIK 1851292

→

IssuerSAUL CENTERS, INC.CIK 907254

Officer· Senior Vice Pres.-Residential

Since May 2021

+100.00

Net shares

Net buyer

$0.00

Total acquired

Open market trades

0B · 0S

Total transactions

300.00 acquired · 200.00 disposed

Non-Derivative Transactions2

Common Stock

Direct

M · Option Exercise

+200.00

Price / share

—

Trade value

—

% of position

17.9%

3/11/2026

1.12K→1.32K

Common Stock

Direct

A · Award

+100.00

Price / share

—

Trade value

—

% of position

7.6%

3/11/2026

1.32K→1.42K

Total

Net shares

+300.00

Net value

$0.00

Security	Date	Type	Shares	Price / Share	Trade Value	% of Position	Held Before	Held After
Common Stock Direct	3/11/2026	M · Option Exercise	+200.00	—	—	17.9%	1.12K	1.32K
Common Stock Direct	3/11/2026	A · Award	+100.00	—	—	7.6%	1.32K	1.42K
Total			+300.00		$0.00

Derivative Transactions2

Performance Shares

Direct

M · Option Exercise

Converts to

Common Stock

100.00 shares

−100.00

Strike price

Held after

300.00

Exercisable

—

3/11/2026

Performance Shares

Direct

M · Option Exercise

Converts to

Common Stock

100.00 shares

−100.00

Strike price

Held after

400.00

Exercisable

—

3/11/2026

Security	Converts To	Date	Type	Shares	Strike Price	Exercisable	Held After
Performance Shares Direct	Common Stock100.00 shares	3/11/2026	M · Option Exercise	−100.00	0	—	300.00
Performance Shares Direct	Common Stock100.00 shares	3/11/2026	M · Option Exercise	−100.00	0	—	400.00

Non-Derivative Holdings (Post-Transaction)0

No non-derivative holdings reported

Derivative Holdings (Post-Transaction)3

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

—

Employee Stock Option

Direct

Underlying security

Common Stock

Underlying shares

Shares owned

Exercise price

33.79

Expiration

—

Exercise window

—

Total

Underlying

15K

Owned

15K

Security	Underlying	Exercise Price	Exercise Window	Expiration	Underlying Shares	Shares Owned
Employee Stock Option Direct	Common Stock	47.90	—	—	5K	5K
Employee Stock Option Direct	Common Stock	43.89	—	—	5K	5K
Employee Stock Option Direct	Common Stock	33.79	—	—	5K	5K
Total					15K	15K