Key facts
- This page summarizes SAUL B FRANCIS II's Form 4 filing for SAUL CENTERS, INC. (BFS).
- 1 reported transaction and 7 derivative rows are listed below.
- Accepted by SEC: 19 May 2026, 16:36.
SAUL B FRANCIS II - 17 May 2026 Form 4 Insider Report for SAUL CENTERS, INC. (BFS)
- Reporting relationship
- Chairman & CEO, Director, 10%+ Owner
- Issuer ticker
- BFS
- Reported as of
- 17 May 2026
- Net transaction value
- $0
- SEC form
- 4
- Accepted by SEC
- 19 May 2026, 16:36:36 UTC
- Prior SEC filing
- 12 May 2026
- Source filing
- View source filing
- Reporting owner signature
- /s/ Carlos L. Heard, by Power of Attorney
Source evidence
Original filing metadata and source links for verification.
4 source fields
Reporting owner
1 detail
Key filing fact
SAUL B FRANCIS II filed Form 4 for SAUL CENTERS, INC. (BFS) on 19 May 2026.
Change
- Previous filing in this sequence was filed on 12 May 2026.
- Current net transaction value: $0.
Research use
- This tells you what this filing adds before you inspect full transaction and derivative tables.
- You can trace every row back to the original SEC filing document.
Evidence
Filed on Form 4
View source filing
Ownership activity is grounded in SEC Form 4 disclosures.
Reporting Owners (1)
CIK 0001027551
Primary reporting owner
SAUL B FRANCIS II
- Relationship
- Chairman & CEO, Director, 10%+ Owner
- Address
- 7501 WISCONSIN AVENUE, 15TH FLOOR, BETHESDA
- Signature
- /s/ Carlos L. Heard, by Power of Attorney
- Signature date
- 19 May 2026
Reported non-derivative transactions
Shares, units, or other non-derivative securities reported in this filing.
BFS
transaction
Common Stock
Award
- Transaction value
- Shares
- +572
- Change %
- +0.22%
- Price
- $33.00*
- Shares after
- 264,292
- Date
- 17 May 2026
- Ownership
- Direct
- Footnotes
- F12
BFS
holding
Common Stock
No transaction description listed
- Transaction value
- Shares
- Change %
- Price
- Shares after
- 35,062
- Date
- 17 May 2026
- Ownership
- See footnote
- Footnotes
- F1
BFS
holding
Common Stock
No transaction description listed
- Transaction value
- Shares
- Change %
- Price
- Shares after
- 403,726
- Date
- 17 May 2026
- Ownership
- See footnote
- Footnotes
- F2
BFS
holding
Common Stock
No transaction description listed
- Transaction value
- Shares
- Change %
- Price
- Shares after
- 533,756
- Date
- 17 May 2026
- Ownership
- See footnote
- Footnotes
- F3
BFS
holding
Common Stock
No transaction description listed
- Transaction value
- Shares
- Change %
- Price
- Shares after
- 2,774
- Date
- 17 May 2026
- Ownership
- See footnote
- Footnotes
- F4
BFS
holding
Common Stock
No transaction description listed
- Transaction value
- Shares
- Change %
- Price
- Shares after
- 146,218
- Date
- 17 May 2026
- Ownership
- See footnote
- Footnotes
- F5
BFS
holding
Common Stock
No transaction description listed
- Transaction value
- Shares
- Change %
- Price
- Shares after
- 399,896
- Date
- 17 May 2026
- Ownership
- See footnote
- Footnotes
- F6
BFS
holding
Common Stock
No transaction description listed
- Transaction value
- Shares
- Change %
- Price
- Shares after
- 357,901
- Date
- 17 May 2026
- Ownership
- See footnote
- Footnotes
- F7
BFS
holding
Common Stock
No transaction description listed
- Transaction value
- Shares
- Change %
- Price
- Shares after
- 8,440,475
- Date
- 17 May 2026
- Ownership
- See footnote
- Footnotes
- F8
BFS
holding
Common Stock
No transaction description listed
- Transaction value
- Shares
- Change %
- Price
- Shares after
- 6,989
- Date
- 17 May 2026
- Ownership
- 401K
- Footnotes
- F9
BFS
holding
Common Stock
No transaction description listed
- Transaction value
- Shares
- Change %
- Price
- Shares after
- 153,983
- Date
- 17 May 2026
- Ownership
- 401K
- Footnotes
- F10
BFS
holding
Common Stock
No transaction description listed
- Transaction value
- Shares
- Change %
- Price
- Shares after
- 182,717
- Date
- 17 May 2026
- Ownership
- See footnote
- Footnotes
- F11
Reported derivative securities
Options, warrants, convertible securities, or similar derivative positions disclosed in the filing.
BFS
holding
Derivative
Director Stock Option
No transaction description listed
- Transaction value
- Shares
- Change %
- Price
- Shares after
- 2,500
- Date
- 17 May 2026
- Ownership
- Direct
- Underlying class
- Common Stock
- Underlying amount
- 2,500
- Exercise price
- $59.41
BFS
holding
Derivative
Director Stock Option
No transaction description listed
- Transaction value
- Shares
- Change %
- Price
- Shares after
- 2,500
- Date
- 17 May 2026
- Ownership
- Direct
- Underlying class
- Common Shares
- Underlying amount
- 2,500
- Exercise price
- $33.79
BFS
holding
Derivative
Units
No transaction description listed
- Transaction value
- Shares
- Change %
- Price
- Shares after
- 10,975,256
- Date
- 17 May 2026
- Ownership
- Direct
- Underlying class
- Common Stock
- Underlying amount
- 10,975,256
- Exercise price
- Footnotes
- F13
BFS
holding
Derivative
Phantom Stock
No transaction description listed
- Transaction value
- Shares
- Change %
- Price
- Shares after
- 53,666
- Date
- 17 May 2026
- Ownership
- Direct
- Underlying class
- Common Stock
- Underlying amount
- 53,666
- Exercise price
- Footnotes
- F14, F15
BFS
holding
Derivative
Performance Shares
No transaction description listed
- Transaction value
- Shares
- Change %
- Price
- Shares after
- 12,000
- Date
- 17 May 2026
- Ownership
- Direct
- Underlying class
- Common Stock
- Underlying amount
- 12,000
- Exercise price
- $0.000000
BFS
holding
Derivative
Performance Shares
No transaction description listed
- Transaction value
- Shares
- Change %
- Price
- Shares after
- 16,000
- Date
- 17 May 2026
- Ownership
- Direct
- Underlying class
- Common Stock
- Underlying amount
- 16,000
- Exercise price
- $0.000000
BFS
holding
Derivative
Performance Shares
No transaction description listed
- Transaction value
- Shares
- Change %
- Price
- Shares after
- 20,000
- Date
- 17 May 2026
- Ownership
- Direct
- Underlying class
- Common Stock
- Underlying amount
- 20,000
- Exercise price
- $0.000000
* marks a reported price that did not pass the local price check.
Additional SEC filing notes
Filing notes and footnotes
Explanation of responses 15 footnotes
Footnote F1
These securities are held directly by Van Ness Square Corporation ("Van Ness"). B. Francis Saul II is the Chairman of the Board and the Chief Executive Officer of Van Ness and, as such, he may be deemed to beneficially own the securities held by Van Ness.
Footnote F2
These securities are held directly by Westminster Investing L.L.C. ("Westminster"). B. Francis Saul II is the Chairman of the Board and the Chief Executive Officer of Westminster and, as such, he may be deemed to beneficially own the securities held by Westminster.
Footnote F3
These securities are held directly by Dearborn, L.L.C. ("Dearborn"). B. F. Saul Real Estate Investment Trust ("Saul Trust") is the sole member of Dearborn and, as such, it may be deemed to beneficially own the securities held by Dearborn. Saul Company is the controlling equity holder of Saul Trust and, as such, it may be deemed to beneficially own the securities held by Saul Trust. B. Francis Saul II is the Chairman of the Board and the Chief Executive Officer of Saul Company and, as such, he may be deemed to beneficially own the securities held by Saul Company.
Footnote F4
These securities are held directly by Avenel Executive Park Phase II, L.L.C. ("Avenel"). Saul Trust is the sole member of Avenel and, as such, it may be deemed to beneficially own the securities held by Avenel. Saul Company is the controlling equity holder of Saul Trust and, as such, it may be deemed to beneficially own the securities held by Saul Trust. B. Francis Saul II is the Chairman of the Board and the Chief Executive Officer of Saul Company and, as such, he may be deemed to beneficially own the securities held by Saul Company.
Footnote F5
These securities are held directly by SHLP Unit Acquisition Corp. ("SHLP"). Saul Trust is the sole shareholder of SHLP and, as such, it may be deemed to beneficially own the securities held by SHLP. Saul Company is the controlling equity holder of Saul Trust and, as such, it may be deemed to beneficially own the securities held by Saul Trust. B. Francis Saul II is the Chairman of the Board and the Chief Executive Officer of Saul Company and, as such, he may be deemed to beneficially own the securities held by Saul Company.
Footnote F6
These securities are held directly by B.F. Saul Property Company ("Saul Property"). B.F. Saul Company ("Saul Company") is the sole equity holder of Saul Property and, as such, it may be deemed to beneficially own the securities held by Saul Property. B. Francis Saul II is the Chairman of the Board and the Chief Executive Officer of Saul Company and, as such, he may be deemed to beneficially own the securities held by Saul Company.
Footnote F7
These securities are held directly by the B.F. Saul Company. B. Francis Saul II is the Chairman of the Board and the Chief Executive Officer of the B.F. Saul Company and, as such, he may be deemed to beneficially own the securities held by the B.F. Saul Company.
Footnote F8
These securities are held directly by the Saul Trust. B. Francis Saul II is the Chairman of the Board and the majority equityholder and, as such, he may be deemed to beneficially own the securities held by the Saul Trust.
Footnote F9
These securities are held directly by a 401(k) plan of which Patricia E. Saul is a beneficiary. B. Francis Saul II is the spouse of Patricia E. Saul and, as such, he may be deemed to beneficially own the securities held by Patricia E. Saul.
Footnote F10
These securities are held directly by a 401(k) plan of which B. Francis Saul II is a beneficiary.
Footnote F11
These securities are held directly by Patricia E. Saul. B. Francis Saul II is the spouse of Patricia E. Saul and, as such, he may be deemed to beneficially own the securities held by Patricia E. Saul.
Footnote F12
Shares acquired in an exempt transaction as dividend equivalents on filers restricted stock award, which vested on May 17, 2026.
Footnote F13
Represents units of limited partnership interest in Saul Holdings Limited Partnership ("SHLP"), of which the Issuer is the general partner. In general, the units are convertible into shares of the Issuer's common stock on a one-for-one basis provided that, in accordance with the Articles of Incorporation of the Issuer, the right to convert may not be exercised at any time that the B. Francis Saul II, family members of B. Francis Saul II, entities controlled by B. Francis Saul II and other affiliates of B. Francis Saul II beneficially owns, directly or indirectly, in the aggregate more than 39.9% of the value of the Issuer's outstanding common stock and preferred stock.
Footnote F14
New phantom shares are issuable pursuant to the Issuers Deferred Compensation Plan for Directors, as amended and restated effective May 17, 2024 (the Deferred Compensation Plan), under its 2024 Stock Incentive Plan. Phantom shares issued prior to May 17, 2024, continue to be subject to the terms of the Issuers deferred compensation plan for directors in effect prior to the amendment and restatement of the Deferred Compensation Plan.
Footnote F15
The conversion of phantom shares issued on or after May 17, 2024, into shares of the Issuers common stock is governed pursuant to terms of the Issuers Deferred Compensation Plan under its 2024 Stock Plan and the reporting persons Deferred Fee Agreement. The conversion of phantom shares issued prior to May 17, 2024, into shares of the Issuers common stock is governed pursuant to the terms of the Issuers deferred compensation plan for directors in effect prior to the amendment and restatement of the Deferred Compensation Plan and the reporting persons Deferred Fee Agreement.