PEARSON DAVID TODD (Executive V.P.-Real Estate) received a stock award from SAUL CENTERS, INC.

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

A · 1 award

PEARSON DAVID TODD

Filed: 3/12/2026ACC: 0000907254-26-000013

InsiderPEARSON DAVID TODDCIK 1804456

→

IssuerSAUL CENTERS, INC.CIK 907254

Officer· Executive V.P.-Real Estate

Since Mar 2020

+3.50K

Net shares

Net buyer

$0.00

Total acquired

Open market trades

0B · 0S

Total transactions

10.50K acquired · 7K disposed

Non-Derivative Transactions2

Common Stock

Direct

M · Option Exercise

+7K

Price / share

—

Trade value

—

% of position

13.8%

3/11/2026

50.62K→57.62K

Common Stock

Direct

A · Award

+3.50K

Price / share

—

Trade value

—

% of position

6.1%

3/11/2026

57.62K→61.12K

Total

Net shares

+10.50K

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	+7K	—	—	13.8%	50.62K	57.62K
Common Stock Direct	3/11/2026	A · Award	+3.50K	—	—	6.1%	57.62K	61.12K
Total			+10.50K		$0.00

Derivative Transactions2

Performance Shares

Direct

M · Option Exercise

Converts to

Common Stock

3.50K shares

−3.50K

Strike price

Held after

10.50K

Exercisable

—

3/11/2026

Performance Shares

Direct

M · Option Exercise

Converts to

Common Stock

3.50K shares

−3.50K

Strike price

Held after

14K

Exercisable

—

3/11/2026

Security	Converts To	Date	Type	Shares	Strike Price	Exercisable	Held After
Performance Shares Direct	Common Stock3.50K shares	3/11/2026	M · Option Exercise	−3.50K	0	—	10.50K
Performance Shares Direct	Common Stock3.50K shares	3/11/2026	M · Option Exercise	−3.50K	0	—	14K

Non-Derivative Holdings (Post-Transaction)1

Common Stock

Indirect

Shares owned2.41K

Total

2.41K indirect2.41K

Security Title	Shares Owned	Ownership Type
Common Stock	2.41K	Indirect
Total	2.41K	2.41K indirect

Derivative Holdings (Post-Transaction)8

Employee Stock Option

Direct

Underlying security

Common Stock

Underlying shares

Shares owned

Exercise price

59.41

Expiration

—

Exercise window

—

Employee Stock Option

Direct

Underlying security

Common Stock

Underlying shares

7.50K

Shares owned

7.50K

Exercise price

55.71

Expiration

—

Exercise window

—

Employee Stock Option

Direct

Underlying security

Common Stock

Underlying shares

30K

Shares owned

30K

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

33.79

Expiration

—

Exercise window

—

Employee Stock Option

Direct

Underlying security

Common Stock

Underlying shares

Shares owned

Exercise price

49.46

Expiration

—

Exercise window

—

Employee Stock Option

Direct

Underlying security

Common Shares

Underlying shares

30K

Shares owned

30K

Exercise price

33.79

Expiration

—

Exercise window

—

Employee Stock Option

Direct

Underlying security

Common Stock

Underlying shares

15K

Shares owned

15K

Exercise price

Expiration

—

Exercise window

—

Employee Stock Option

Direct

Underlying security

Common Stock

Underlying shares

25K

Shares owned

25K

Exercise price

43.89

Expiration

—

Exercise window

—

Total

Underlying

120K

Owned

120K

Security	Underlying	Exercise Price	Exercise Window	Expiration	Underlying Shares	Shares Owned
Employee Stock Option Direct	Common Stock	59.41	—	—	5K	5K
Employee Stock Option Direct	Common Stock	55.71	—	—	7.50K	7.50K
Employee Stock Option Direct	Common Stock	47.90	—	—	30K	30K
Director Stock Option Direct	Common Stock	33.79	—	—	2.50K	2.50K
Employee Stock Option Direct	Common Stock	49.46	—	—	5K	5K
Employee Stock Option Direct	Common Shares	33.79	—	—	30K	30K
Employee Stock Option Direct	Common Stock	50	—	—	15K	15K
Employee Stock Option Direct	Common Stock	43.89	—	—	25K	25K
Total					120K	120K