X0609 4 2026-05-08 0 0000907254 SAUL CENTERS, INC. BFS 0001804456 Pearson David Todd false 7501 WISCONSIN AVENUE SUITE 1500 BETHESDA MD 20814 1 1 0 0 President & COO 0 Common Stock 2456.635 I Spouse IRA Common Stock 2026-05-08 4 A 0 17500 0 A 78634.2814 D Common Stock 2026-05-09 4 F 0 1206 35.19 D 77428.2814 D Common Stock 2026-05-09 4 A 0 157 35.19 A 77585.2814 D Employee Stock Option 59.41 2017-05-05 2027-05-05 Common Stock 5000 5000 D Employee Stock Option 49.46 2018-05-11 2028-05-11 Common Stock 5000 5000 D Employee Stock Option 55.71 2019-05-03 2029-05-03 Common Stock 7500 7500 D Employee Stock Option 50 2020-04-24 2030-04-24 Common Stock 15000 15000 D Employee Stock Option 43.89 2021-05-07 2031-05-07 Common Stock 25000 25000 D Employee Stock Option 47.90 2022-05-13 2032-05-13 Common Stock 30000 30000 D Employee Stock Option 33.79 2023-05-12 2033-05-12 Common Shares 30000 30000 D Director Stock Option 33.79 2023-05-12 2033-05-12 Common Stock 2500 2500 D Performance Shares 0 2030-05-09 2030-05-09 Common Stock 14000 14000 D Performance Shares 0 2029-05-17 2029-05-17 Common Stock 10500 10500 D Performance Shares 0 2026-05-08 4 A 0 17500 0 A 2031-05-08 2031-05-08 Common Stock 17500 17500 D Balance increased by April 30, 2026 Dividend Reinvestment Plan award of 42.762 shares. Represents restricted shares of Common Stock. Such shares vest on the first five anniversaries of May 8, 2026 in equal annual installments, assuming continued employment. Balance increased by April 30, 2026 Dividend Reinvestment Plan award of 48.9184 shares. Shares acquired in an exempt transaction as dividend equivalents on filers restricted stock award, which vested on May 9, 2026. The options vest 25% per year over four years from the date of grant. The performance share award provides for the grant of restricted shares of Common Stock on each of the five anniversaries of May 8, 2026 in equal annual installments. The number of restricted shares of such grant that vest, if any, is (i) subject to cliff-vesting on May 8, 2031, and (2) achievement of performance criteria relating to the Companys target Funds from Operations available to common stockholders and noncontrolling interests (FFO) measured against an FFO amount included in the budget established by the Board of Directors annually prior to the start of such calendar year. /s/ Carlos L. Heard, by Power of Attorney 2026-05-12