SEC Form 4 · accession 0001216742-26-000004
SAUL CENTERS, INC. · BFS
Statement of changes in beneficial ownership, as filed. Original on EDGAR ↗
Reporting owner
George Patrick Clancy Jr.
Director
Period of report
Jul 1, 2026
Accepted (ET)
Jul 2, 2026 · 8:45 am EDT
Rule 10b5-1 plan
box not checked
Issuer CIK
0000907254
Table I — non-derivative securities
| Security | Date | Code | Shares | Price | A/D | Owned after | D/I | Nature of ownership |
|---|---|---|---|---|---|---|---|---|
| Common Stock | holding | — | — | — | 22,605 | D |
Table II — derivative securities
| Security | Conv. / exercise price | Date | Code | Shares | A/D | Exercisable | Expires | Underlying | Underlying shares | Owned after | D/I |
|---|---|---|---|---|---|---|---|---|---|---|---|
| Phantom StockF3,F1,F2 | — | Jul 1, 2026 | A | 535 | A | — | — | Common Stock | 535 | 4,987 | D |
| Director Stock Option | $59.41 | holding | — | — | — | May 5, 2017 | May 5, 2027 | Common Stock | 2,500 | 2,500 | D |
| Director Stock Option | $49.46 | holding | — | — | — | May 11, 2018 | May 11, 2028 | Common Stock | 2,500 | 2,500 | D |
| Director Stock Option | $55.71 | holding | — | — | — | May 3, 2019 | May 3, 2029 | Common Stock | 2,500 | 2,500 | D |
| Director Stock Option | $50.00 | holding | — | — | — | Apr 24, 2020 | Apr 24, 2030 | Common Stock | 2,500 | 2,500 | D |
| Director Stock Option | $43.89 | holding | — | — | — | May 7, 2021 | May 7, 2031 | Common Stock | 2,500 | 2,500 | D |
| Director Stock Option | $47.90 | holding | — | — | — | May 13, 2022 | May 13, 2032 | Common Stock | 2,500 | 2,500 | D |
| Director Stock Option | $33.79 | holding | — | — | — | May 9, 2023 | May 12, 2033 | Common Stock | 2,500 | 2,500 | D |
Explanation of responses
- F1New 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.
- F2The 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.
- F3Includes 33.3049 shares awarded April 30, 2026 as dividend reinvestments on shares of phantom stock held by the reporting person pursuant to the Deferred Compensation Plan.