What SEC filings does Saul Centers, Inc. submit to the SEC?

Saul Centers, Inc. (BFS) submits several types of SEC filings including Form 4 (insider transactions), Form 144 (proposed insider sales), 8-K reports (material events such as earnings releases, acquisitions, leadership changes), and periodic reports — the 10-Q (quarterly) and 10-K (annual). All filings are publicly available through SEC EDGAR.

What does a Form 4 filing tell me about BFS?

A Form 4 for BFS discloses a transaction by a company insider — typically a director, officer, or 10%+ shareholder. It shows the source-reported date, number of shares, price, and updated ownership. These facts do not establish motive or predict future returns.

How do I interpret an 8-K filing from Saul Centers, Inc.?

An 8-K signals a material event requiring prompt disclosure. Common triggers include earnings pre-announcements, acquisitions, leadership appointments or departures, credit changes, or regulatory actions. Read the item codes inside the filing to understand exactly what was disclosed before drawing conclusions.

What is the difference between a 10-K and 10-Q for BFS?

The 10-K is Saul Centers, Inc.'s annual report with fully audited financial statements, comprehensive MD&A, and complete risk factor disclosures — filed 60–90 days after fiscal year-end. The 10-Q is a lighter quarterly report with unaudited financials filed for the first three quarters. Together they provide a continuous financial picture of the company.

Where can I see all BFS SEC filings directly on EDGAR?

You can view all historical Saul Centers, Inc. filings on the SEC EDGAR company page for BFS. Each filing card on this page links directly to the original SEC document.

How often does Saul Centers, Inc. file with the SEC?

Saul Centers, Inc. files one 10-K per year and up to three 10-Qs per year. Form 4 insider transactions must be reported within two business days of each trade, so the frequency depends on how often insiders are buying or selling BFS shares. 8-K filings occur whenever a material event happens — which can be several times per quarter for an active company.

BFS SEC Filing News — Saul Centers, Inc.

Latest SEC filings for Saul Centers, Inc. (BFS) explained in plain English. Covers insider buying and selling (Form 4), proposed insider sales (Form 144), material company events (8-K), and quarterly & annual reports (10-Q / 10-K). StrongBuyAnalytics provides navigation and brief excerpts or summaries; original filings remain at the SEC/source links and were authored by their filers, not StrongBuyAnalytics. Filing dates shown are source dates. Coverage and detection can be delayed or incomplete because of SEC availability, amendments, parsing, caching, or outages. Latest source filing date shown: 2026-10-01.

Saul Centers, Inc. is a self-managed, self-administered equity REIT. Saul Centers currently operates and manages a real estate portfolio comprised of 62 properties, which includes (a) 59 community and neighborhood shopping centers and mixed-use properties with approximately 10.6 million square feet of leasable area and (b) three non-operating land and development properties. Over 85% of the Saul Centers' property operating income is generated by properties in the Washington, DC/Baltimore metropo…

Sector: Real Estate Industry: REIT - Retail Market Cap: $1.0B

Total Filings

Bullish Classifications

Bearish Classifications

Insider Transactions

Material Events (8-K)

Periodic Reports

Rule-based classifications for BFS currently lean bullish. Of the 20 displayed SEC filing records, 2 carry bullish classifications versus 0 bearish classifications. These labels summarize filing attributes; they are not recommendations, probabilities, or evidence of future price direction. There were 18 insider transactions (Form 4) in this period.

BFS Filing Activity Snapshot 2026-05-12 — 2026-10-01

Insider Transactions (Form 4)

2 buys vs 0 sells

Net insider buying in this period — more purchases than sales reported.

Largest Form 144 Filing

$90.3K

Pearson David Todd (Director, President & COO) · 2026-06-01

2,600 shares · Form 4

Insider Transactions 18 · Forms 3, 4 and 5

A Form 4 is filed within two business days of a company insider — an officer, a director, or a holder of more than ten percent of the stock — changing their position in the shares. All 18 filings in this group are Form 4s for Saul Centers, Inc.

The difficulty with reading these filings as a group is that a single form type covers transactions that mean entirely different things. An executive spending their own money to buy stock and an executive having shares withheld to pay tax on a vesting grant both appear as a Form 4. Every filing below is therefore tagged with the nature of the underlying transaction, taken from the transaction code reported on the form itself.

Across the 18 insider filings shown, the breakdown is 15 compensation award, 2 open-market purchase and 1 tax withholding. 2 of them involved a discretionary open-market trade; the rest are compensation and administrative mechanics.

What each transaction type means

Compensation award ×15: Shares were granted as compensation rather than purchased. No cash changed hands, so the filing reflects a pay decision by the company, not a judgement about the price.
Open-market purchase ×2: The insider bought shares on the open market with their own money. This is the only Form 4 category that requires a discretionary cash outlay at the prevailing price.
Tax withholding ×1: Shares were withheld by the company to settle tax due when equity vested. This is an automatic administrative step and not a decision to sell.

Form 4 Compensation award Tax / Compensation Filing 2026-10-01

BFS insider Form 4 filed for equity award, exercise, or tax withholding

CLANCY GEORGE PATRICK JR (Director) filed a Form 4 covering compensation-related activity such as stock awards, option exercises, conversions, or tax withholding. These filings are usually neutral.

Shares were granted as compensation rather than purchased. No cash changed hands, so the filing reflects a pay decision by the company, not a judgement about the price.

Transactions reported on this filing
Code	Nature	Shares	Price	Value
`A`	Compensation award derivative · Phantom Stock	664	$30.08	$20.0K

Filing: Form 4 (Insider Transaction) Insider: CLANCY GEORGE PATRICK JR (Director)

View on SEC EDGAR → Open Filing Document →

Form 4 Open-market purchase Insider Buying 2026-09-30

BFS insider Friedman Joel Albert (Exec VP, CAO & Treasurer) bought 200 shares (~$3.7K)

Friedman Joel Albert, listed as Exec VP, CAO & Treasurer at SAUL CENTERS, INC., reported an open-market purchase of 200 BFS shares in a Form 4 filing. Insider buying is often treated as a bullish signal because company insiders are committing their own capital.

The insider bought shares on the open market with their own money. This is the only Form 4 category that requires a discretionary cash outlay at the prevailing price.

Transactions reported on this filing
Code	Nature	Shares	Price	Value
`P`	Open-market purchase	200	$18.53	$3.7K

Filing: Form 4 (Insider Transaction) Insider: Friedman Joel Albert (Exec VP, CAO & Treasurer) Shares: 200 Est. Value: $3.7K

View on SEC EDGAR → Open Filing Document →

Form 4 Compensation award Tax / Compensation Filing 2026-07-02

BFS insider Form 4 filed for equity award, exercise, or tax withholding

CLANCY GEORGE PATRICK JR (Director) filed a Form 4 covering compensation-related activity such as stock awards, option exercises, conversions, or tax withholding. These filings are usually neutral.

Shares were granted as compensation rather than purchased. No cash changed hands, so the filing reflects a pay decision by the company, not a judgement about the price.

Transactions reported on this filing
Code	Nature	Shares	Price	Value
`A`	Compensation award derivative · Phantom Stock	534	$37.39	$20.0K

Filing: Form 4 (Insider Transaction) Insider: CLANCY GEORGE PATRICK JR (Director)

View on SEC EDGAR → Open Filing Document →

Form 4 Open-market purchase Insider Buying 2026-06-01

BFS insider Pearson David Todd (Director, President & COO) bought 2,600 shares (~$90.3K)

Pearson David Todd, listed as Director, President & COO at SAUL CENTERS, INC., reported an open-market purchase of 2,600 BFS shares in a Form 4 filing. Insider buying is often treated as a bullish signal because company insiders are committing their own capital.

The insider bought shares on the open market with their own money. This is the only Form 4 category that requires a discretionary cash outlay at the prevailing price.

Transactions reported on this filing
Code	Nature	Shares	Price	Value
`P`	Open-market purchase	2,600	$34.74	$90.3K

Filing: Form 4 (Insider Transaction) Insider: Pearson David Todd (Director, President & COO) Shares: 2,600 Est. Value: $90.3K

View on SEC EDGAR → Open Filing Document →

Form 4 Compensation award Tax / Compensation Filing 2026-05-19

BFS insider Form 4 filed for equity award, exercise, or tax withholding

Friedman Joel Albert (Exec VP, CAO & Treasurer) filed a Form 4 covering compensation-related activity such as stock awards, option exercises, conversions, or tax withholding. These filings are usually neutral.

Shares were granted as compensation rather than purchased. No cash changed hands, so the filing reflects a pay decision by the company, not a judgement about the price.

Transactions reported on this filing
Code	Nature	Shares	Price	Value
`F`	Tax withholding on vested shares	130	$33.00	$4.3K
`A`	Compensation award	40	$33.00	$1.3K

Filing: Form 4 (Insider Transaction) Insider: Friedman Joel Albert (Exec VP, CAO & Treasurer) Shares: 170

View on SEC EDGAR → Open Filing Document →

Form 4 Compensation award Tax / Compensation Filing 2026-05-19

BFS insider Form 4 filed for equity award, exercise, or tax withholding

Collich John (Sr. VP, Chief Acq. & Dev. Off.) filed a Form 4 covering compensation-related activity such as stock awards, option exercises, conversions, or tax withholding. These filings are usually neutral.

Shares were granted as compensation rather than purchased. No cash changed hands, so the filing reflects a pay decision by the company, not a judgement about the price.

Transactions reported on this filing
Code	Nature	Shares	Price	Value
`F`	Tax withholding on vested shares	98	$33.00	$3.2K
`A`	Compensation award	30	$33.00	$990.00

Filing: Form 4 (Insider Transaction) Insider: Collich John (Sr. VP, Chief Acq. & Dev. Off.) Shares: 128

View on SEC EDGAR → Open Filing Document →

Form 4 Compensation award Tax / Compensation Filing 2026-05-19

BFS insider Form 4 filed for equity award, exercise, or tax withholding

Friedlis Zachary Maxwell (Sr. VP-Director of Leasing) filed a Form 4 covering compensation-related activity such as stock awards, option exercises, conversions, or tax withholding. These filings are usually neutral.

Shares were granted as compensation rather than purchased. No cash changed hands, so the filing reflects a pay decision by the company, not a judgement about the price.

Transactions reported on this filing
Code	Nature	Shares	Price	Value
`F`	Tax withholding on vested shares	96	$33.00	$3.2K
`A`	Compensation award	31	$33.00	$1.0K

Filing: Form 4 (Insider Transaction) Insider: Friedlis Zachary Maxwell (Sr. VP-Director of Leasing) Shares: 127

View on SEC EDGAR → Open Filing Document →

Form 4 Compensation award Tax / Compensation Filing 2026-05-19

BFS insider Form 4 filed for equity award, exercise, or tax withholding

SAUL B FRANCIS II (Director, Chairman & CEO, 10% Owner) filed a Form 4 covering compensation-related activity such as stock awards, option exercises, conversions, or tax withholding. These filings are usually neutral.

Shares were granted as compensation rather than purchased. No cash changed hands, so the filing reflects a pay decision by the company, not a judgement about the price.

Transactions reported on this filing
Code	Nature	Shares	Price	Value
`A`	Compensation award	572	$33.00	$18.9K

Filing: Form 4 (Insider Transaction) Insider: SAUL B FRANCIS II (Director, Chairman & CEO, 10% Owner) Shares: 572

View on SEC EDGAR → Open Filing Document →

Form 4 Compensation award Tax / Compensation Filing 2026-05-19

BFS insider Form 4 filed for equity award, exercise, or tax withholding

Heard Carlos Lawrence (Senior Vice President & CFO) filed a Form 4 covering compensation-related activity such as stock awards, option exercises, conversions, or tax withholding. These filings are usually neutral.

Shares were granted as compensation rather than purchased. No cash changed hands, so the filing reflects a pay decision by the company, not a judgement about the price.

Transactions reported on this filing
Code	Nature	Shares	Price	Value
`F`	Tax withholding on vested shares	131	$33.00	$4.3K
`A`	Compensation award	40	$33.00	$1.3K

Filing: Form 4 (Insider Transaction) Insider: Heard Carlos Lawrence (Senior Vice President & CFO) Shares: 171

View on SEC EDGAR → Open Filing Document →

Form 4 Compensation award Tax / Compensation Filing 2026-05-19

BFS insider Form 4 filed for equity award, exercise, or tax withholding

Guevara Bettina T. (Exec. VP /Chf Legal & Adm Off) filed a Form 4 covering compensation-related activity such as stock awards, option exercises, conversions, or tax withholding. These filings are usually neutral.

Shares were granted as compensation rather than purchased. No cash changed hands, so the filing reflects a pay decision by the company, not a judgement about the price.

Transactions reported on this filing
Code	Nature	Shares	Price	Value
`F`	Tax withholding on vested shares	179	$33.00	$5.9K
`A`	Compensation award	45	$33.00	$1.5K

Filing: Form 4 (Insider Transaction) Insider: Guevara Bettina T. (Exec. VP /Chf Legal & Adm Off) Shares: 224

View on SEC EDGAR → Open Filing Document →

Form 4 Compensation award Tax / Compensation Filing 2026-05-19

BFS insider Form 4 filed for equity award, exercise, or tax withholding

Saul Patricia E. (Director, Vice Chair) filed a Form 4 covering compensation-related activity such as stock awards, option exercises, conversions, or tax withholding. These filings are usually neutral.

Shares were granted as compensation rather than purchased. No cash changed hands, so the filing reflects a pay decision by the company, not a judgement about the price.

Transactions reported on this filing
Code	Nature	Shares	Price	Value
`F`	Tax withholding on vested shares	152	$33.00	$5.0K
`A`	Compensation award	37	$33.00	$1.2K

Filing: Form 4 (Insider Transaction) Insider: Saul Patricia E. (Director, Vice Chair) Shares: 189

View on SEC EDGAR → Open Filing Document →

Form 4 Compensation award Tax / Compensation Filing 2026-05-19

BFS insider Form 4 filed for equity award, exercise, or tax withholding

Laycock Willoughby B. (Director, SVP-Res. Design/Mrkt Research) filed a Form 4 covering compensation-related activity such as stock awards, option exercises, conversions, or tax withholding. These filings are usually neutral.

Shares were granted as compensation rather than purchased. No cash changed hands, so the filing reflects a pay decision by the company, not a judgement about the price.

Transactions reported on this filing
Code	Nature	Shares	Price	Value
`F`	Tax withholding on vested shares	35	$33.00	$1.2K
`A`	Compensation award	10	$33.00	$330.00

Filing: Form 4 (Insider Transaction) Insider: Laycock Willoughby B. (Director, SVP-Res. Design/Mrkt Research) Shares: 45

View on SEC EDGAR → Open Filing Document →

Form 4 Compensation award Tax / Compensation Filing 2026-05-19

BFS insider Form 4 filed for equity award, exercise, or tax withholding

Hachey Donald A (SVP-Chief Construction Officer) filed a Form 4 covering compensation-related activity such as stock awards, option exercises, conversions, or tax withholding. These filings are usually neutral.

Shares were granted as compensation rather than purchased. No cash changed hands, so the filing reflects a pay decision by the company, not a judgement about the price.

Transactions reported on this filing
Code	Nature	Shares	Price	Value
`F`	Tax withholding on vested shares	93	$33.00	$3.1K
`A`	Compensation award	31	$33.00	$1.0K

Filing: Form 4 (Insider Transaction) Insider: Hachey Donald A (SVP-Chief Construction Officer) Shares: 124

View on SEC EDGAR → Open Filing Document →

Form 4 Tax withholding Tax / Compensation Filing 2026-05-19

BFS insider Form 4 filed for equity award, exercise, or tax withholding

Godby Lori (Senior Vice Pres.-Residential) filed a Form 4 covering compensation-related activity such as stock awards, option exercises, conversions, or tax withholding. These filings are usually neutral.

Shares were withheld by the company to settle tax due when equity vested. This is an automatic administrative step and not a decision to sell.

Transactions reported on this filing
Code	Nature	Shares	Price	Value
`F`	Tax withholding on vested shares	34	$33.00	$1.1K

Filing: Form 4 (Insider Transaction) Insider: Godby Lori (Senior Vice Pres.-Residential) Shares: 34

View on SEC EDGAR → Open Filing Document →

Form 4 Compensation award Tax / Compensation Filing 2026-05-19

BFS insider Form 4 filed for equity award, exercise, or tax withholding

Pearson David Todd (Director, President & COO) filed a Form 4 covering compensation-related activity such as stock awards, option exercises, conversions, or tax withholding. These filings are usually neutral.

Shares were granted as compensation rather than purchased. No cash changed hands, so the filing reflects a pay decision by the company, not a judgement about the price.

Transactions reported on this filing
Code	Nature	Shares	Price	Value
`F`	Tax withholding on vested shares	1,205	$33.00	$39.8K
`A`	Compensation award	341	$33.00	$11.3K

Filing: Form 4 (Insider Transaction) Insider: Pearson David Todd (Director, President & COO) Shares: 1,546

View on SEC EDGAR → Open Filing Document →

Form 4 Compensation award Tax / Compensation Filing 2026-05-19

BFS insider Form 4 filed for equity award, exercise, or tax withholding

Garland Judith K. (SVP, Office and Retail) filed a Form 4 covering compensation-related activity such as stock awards, option exercises, conversions, or tax withholding. These filings are usually neutral.

Shares were granted as compensation rather than purchased. No cash changed hands, so the filing reflects a pay decision by the company, not a judgement about the price.

Transactions reported on this filing
Code	Nature	Shares	Price	Value
`F`	Tax withholding on vested shares	71	$33.00	$2.3K
`A`	Compensation award	19	$33.00	$627.00

Filing: Form 4 (Insider Transaction) Insider: Garland Judith K. (SVP, Office and Retail) Shares: 90

View on SEC EDGAR → Open Filing Document →

Form 4 Compensation award Tax / Compensation Filing 2026-05-12

BFS insider Form 4 filed for equity award, exercise, or tax withholding

Shares were granted as compensation rather than purchased. No cash changed hands, so the filing reflects a pay decision by the company, not a judgement about the price.

Transactions reported on this filing
Code	Nature	Shares	Price	Value
`A`	Compensation award	1,500	—	—
`F`	Tax withholding on vested shares	97	$35.19	$3.4K
`A`	Compensation award	13	$35.19	$457.47
`A`	Compensation award derivative · Performance Shares	1,500	—	—

Filing: Form 4 (Insider Transaction) Insider: Friedlis Zachary Maxwell (Sr. VP-Director of Leasing) Shares: 1,610

View on SEC EDGAR → Open Filing Document →

Form 4 Compensation award Tax / Compensation Filing 2026-05-12

BFS insider Form 4 filed for equity award, exercise, or tax withholding

Shares were granted as compensation rather than purchased. No cash changed hands, so the filing reflects a pay decision by the company, not a judgement about the price.

Transactions reported on this filing
Code	Nature	Shares	Price	Value
`A`	Compensation award	2,000	—	—
`F`	Tax withholding on vested shares	131	$35.19	$4.6K
`A`	Compensation award	19	$35.19	$668.61
`A`	Compensation award derivative · Performance Shares	2,000	—	—

Filing: Form 4 (Insider Transaction) Insider: Heard Carlos Lawrence (Senior Vice President & CFO) Shares: 2,150

View on SEC EDGAR → Open Filing Document →

Material Events 1 · Form 8-K

An 8-K reports a material event in the window between scheduled reports. There is 1 in this period for Saul Centers, Inc. Each 8-K names the item number it is filed under, and that number is the fastest way to tell a routine disclosure from a consequential one.

Item 2.02 is an earnings release, Item 5.02 is a change of directors or officers, and Item 1.01 or 2.01 covers a material agreement or a completed acquisition. Item 7.01 and Item 8.01 are the general-purpose disclosure items and carry no fixed meaning on their own.

Form 8-K Material Company Update 2026-08-06

BFS filed 8-K — material company event

SAUL CENTERS, INC. filed an 8-K with the SEC reporting a material event. Summary unavailable — view the original SEC filing for the full text.

Filing: 8-K (Material Event)

View on SEC EDGAR → Open Filing Document →

Periodic Reports 1 · Forms 10-K and 10-Q

The periodic reports are where the audited and reviewed financial statements live. This period contains 1 quarterly report (10-Q) for Saul Centers, Inc.

The two are not equivalent in weight. A 10-K is audited by an external firm and includes the full risk factor disclosure, business description and management discussion; a 10-Q is unaudited, reviewed rather than examined, and much shorter. When a figure in a quarterly report is later revised, the annual report is usually where the correction appears.

An amended report — 10-K/A or 10-Q/A — restates or corrects something in the original filing, and is worth reading against the version it replaces.

Form 10-Q Quarterly Report 2026-08-06

BFS filed Quarterly Report (10-Q)

SAUL CENTERS, INC. filed its quarterly report with the SEC. This report includes unaudited financial statements and management discussion for the quarter.

Filing: 10-Q (Quarterly Report)

View on SEC EDGAR → Open Filing Document →

How we classify Saul Centers, Inc.'s filings

Straight from EDGAR

Each displayed record links to an original source document. StrongBuyAnalytics provides navigation and brief excerpts or summaries, not the filing itself. Parsing may omit context or contain errors, so read the original document in full.

Transaction codes, not guesswork

The nature shown on each insider filing comes from the transaction code the filer entered on the form itself — P for an open-market purchase, A for a compensation award, F for shares withheld to pay tax, M for an option exercise. Where one filing contains several codes, the transaction table lists them line by line.

Why the distinction matters

Insider activity is routinely summarised as buying or selling, which flattens together decisions that mean very different things. Shares withheld for tax on a vesting grant are an automatic administrative step; shares bought on the open market are someone committing their own money at the current price.

What this page does not tell you

A filing records what happened, not why. Form 4 does not always disclose whether a sale was executed under a pre-arranged Rule 10b5-1 plan, and no single filing is a basis for a decision on BFS. Read these alongside the fundamentals rather than in isolation.

Frequently Asked Questions — BFS SEC Filings

More Tools for BFS

BFS Full Stock Analysis BFS Live Chart Institutional Ownership Earnings Calendar Options Flow Scanner Semiconductor Demand Zone Tracker Sector Scanner Browse All Stocks

Want deeper BFS analysis?

View valuation, growth metrics, the rule-based stock-page score, demand zones, peer comparison, and more — all on the BFS stock analysis page.

BFS Full Analysis

Publisher, sources & limitations — September 15, 2026. StrongBuyAnalytics provides navigation and brief excerpts or summaries for educational use. Original filings remain at SEC EDGAR or other displayed source links; StrongBuyAnalytics does not author them. Filing dates are source dates, not publication dates for this page. Coverage can be delayed, incomplete, amended, or unavailable because of SEC/source availability, parsing, caching, or outages. Verify every material statement in the original filing.

Data Sources · Methodology · AI Disclosure · Corrections Policy · Disclaimer