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 · 2 awards

PEARSON DAVID TODD

Filed: 5/13/2026ACC: 0001804456-26-000001

InsiderPEARSON DAVID TODDCIK 1804456

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IssuerSAUL CENTERS, INC.CIK 907254

Officer· Executive V.P.-Real Estate

Since Mar 2020

+33.95K

Net shares

Net buyer

$42.4K

Total sold

Open market trades

0B · 0S

Total transactions

35.16K acquired · 1.21K disposed

Non-Derivative Transactions3

Common Stock

Direct

A · Award

+17.50K

Price / share

—

Trade value

—

% of position

28.6%

5/8/2026

61.13K→78.63K

Common Stock

Direct

F · Tax Withholding

−1.21K

Price / share

$35.19

Trade value

$42.44K

% of position

1.5%

5/9/2026

78.63K→77.43K

Common Stock

Direct

A · Award

+157.00

Price / share

$35.19

Trade value

$5.52K

% of position

0.2%

5/9/2026

77.43K→77.59K

Total

Net shares

+16.45K

Net value

-$36.91K

Security	Date	Type	Shares	Price / Share	Trade Value	% of Position	Held Before	Held After
Common Stock Direct	5/8/2026	A · Award	+17.50K	—	—	28.6%	61.13K	78.63K
Common Stock Direct	5/9/2026	F · Tax Withholding	−1.21K	$35.19	$42.44K	1.5%	78.63K	77.43K
Common Stock Direct	5/9/2026	A · Award	+157.00	$35.19	$5.52K	0.2%	77.43K	77.59K
Total			+16.45K		-$36.91K

Derivative Transactions1

Performance Shares

Direct

A · Award

Converts to

Common Stock

17.50K shares

+17.50K

Strike price

Held after

17.50K

Exercisable

—

5/8/2026

Security	Converts To	Date	Type	Shares	Strike Price	Exercisable	Held After
Performance Shares Direct	Common Stock17.50K shares	5/8/2026	A · Award	+17.50K	0	—	17.50K

Non-Derivative Holdings (Post-Transaction)1

Common Stock

Indirect

Shares owned2.46K

Total

2.46K indirect2.46K

Security Title	Shares Owned	Ownership Type
Common Stock	2.46K	Indirect
Total	2.46K	2.46K indirect

Derivative Holdings (Post-Transaction)10

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 Stock

Underlying shares

30K

Shares owned

30K

Exercise price

47.90

Expiration

—

Exercise window

—

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 Shares

Underlying shares

30K

Shares owned

30K

Exercise price

33.79

Expiration

—

Exercise window

—

Performance Shares

Direct

Underlying security

Common Stock

Underlying shares

14K

Shares owned

14K

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

—

Performance Shares

Direct

Underlying security

Common Stock

Underlying shares

10.50K

Shares owned

10.50K

Exercise price

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

7.50K

Shares owned

7.50K

Exercise price

55.71

Expiration

—

Exercise window

—

Total

Underlying

144.50K

Owned

144.50K

Security	Underlying	Exercise Price	Exercise Window	Expiration	Underlying Shares	Shares Owned
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 Stock	47.90	—	—	30K	30K
Employee Stock Option Direct	Common Stock	59.41	—	—	5K	5K
Employee Stock Option Direct	Common Shares	33.79	—	—	30K	30K
Performance Shares Direct	Common Stock	0	—	—	14K	14K
Employee Stock Option Direct	Common Stock	43.89	—	—	25K	25K
Performance Shares Direct	Common Stock	0	—	—	10.50K	10.50K
Employee Stock Option Direct	Common Stock	50	—	—	15K	15K
Employee Stock Option Direct	Common Stock	55.71	—	—	7.50K	7.50K
Total					144.50K	144.50K