GUEVARA BETTINA T. (Exec. VP /Chf Legal & Adm Off) received a stock award from SAUL CENTERS, INC.

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

A · 1 award

GUEVARA BETTINA T.

Filed: 3/12/2026ACC: 0000907254-26-000019

InsiderGUEVARA BETTINA T.CIK 2008664

→

IssuerSAUL CENTERS, INC.CIK 907254

Officer· Exec. VP /Chf Legal & Adm Off

Since Mar 2026

+500.00

Net shares

Net buyer

$0.00

Total acquired

Open market trades

0B · 0S

Total transactions

1.50K acquired · 1K disposed

Non-Derivative Transactions2

Common Stock

Direct

M · Option Exercise

+1K

Price / share

—

Trade value

—

% of position

17.2%

3/11/2026

5.81K→6.81K

Common Stock

Direct

A · Award

+500.00

Price / share

—

Trade value

—

% of position

7.3%

3/11/2026

6.81K→7.31K

Total

Net shares

+1.50K

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	+1K	—	—	17.2%	5.81K	6.81K
Common Stock Direct	3/11/2026	A · Award	+500.00	—	—	7.3%	6.81K	7.31K
Total			+1.50K		$0.00

Derivative Transactions2

Performance Shares

Direct

M · Option Exercise

Converts to

Common Stock

500.00 shares

−500.00

Strike price

Held after

1.50K

Exercisable

—

3/11/2026

Performance Shares

Direct

M · Option Exercise

Converts to

Common Stock

500.00 shares

−500.00

Strike price

Held after

Exercisable

—

3/11/2026

Security	Converts To	Date	Type	Shares	Strike Price	Exercisable	Held After
Performance Shares Direct	Common Stock500.00 shares	3/11/2026	M · Option Exercise	−500.00	0	—	1.50K
Performance Shares Direct	Common Stock500.00 shares	3/11/2026	M · Option Exercise	−500.00	0	—	2K

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

2.50K

Shares owned

2.50K

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

—

Employee Stock Option

Direct

Underlying security

Common Stock

Underlying shares

Shares owned

Exercise price

47.90

Expiration

—

Exercise window

—

Total

Underlying

9.50K

Owned

9.50K

Security	Underlying	Exercise Price	Exercise Window	Expiration	Underlying Shares	Shares Owned
Employee Stock Option Direct	Common Stock	43.89	—	—	2.50K	2.50K
Employee Stock Option Direct	Common Stock	33.79	—	—	4K	4K
Employee Stock Option Direct	Common Stock	47.90	—	—	3K	3K
Total					9.50K	9.50K