BFS SAUL CENTERS, INC. Insider Trading

COO David Todd Pearson purchased 2,600 shares of BFS at $34.74; prior trades at this ticker showed 100% win rate over 90 days.

David Todd Pearson, President & COO, purchased 2,600 shares at $34.74, increasing his holdings to 79,321 shares. His track record at BFS specifically is notable: all 3 prior open-market purchases at this ticker achieved positive 90-day returns (ranging from +1.1% to +16.3%), suggesting consistent timing acumen. His cross-ticker track record reinforces this pattern, with an average 90-day win rate of 100.00% across 3 prior buys elsewhere. The stock currently trades at $35.05, within 2% of its 52-week high, and the company shows solid fundamentals with annual revenue growth of +7.8% and net income of $9,118,000.00. This purchase by a senior executive, made against a backdrop of consistent execution in prior acquisitions at the same ticker, represents a material accumulation signal worth monitoring.

CFO Heard buys 500 BFS shares at $20.60; 100% win rate on prior BFS buys, all well-timed at 90 days

Heard Carlos Lawrence, Senior Vice President & CFO, purchased 500 shares at $20.60 on 2026-03-30, increasing his holdings from 4,000 to 4,500 shares (+12.5%). This buy marks the sixth insider purchase at BFS and continues an exceptional timing pattern: his prior 5 trades at this ticker all delivered positive 90-day returns (ranging from +66.2% to +69.2%), with a 100% win rate at the 90-day mark. His cross-ticker track record similarly shows 11 prior buys with an average 90-day return of +63.8% and a 90% win rate, providing additional context for consistent execution. The current price of $32.80 is 9.9% below the 52-week high and 4.2% down over 30 days, yet the stock is up 4.0% over 90 days. This purchase occurs after the recent price decline and within the tactical window where his prior BFS buys proved prescient, suggesting continued confidence in the company's medium-term direction.

CFO Carlos Lawrence buys 300 BFS shares at $20.55; 5 buys in 8 days as stock trades -25.8% from 52-week high at P/E 19.08.

Carlos Lawrence, Senior Vice President & CFO, purchased 300 shares at $20.55 on 2025-11-20, increasing his holdings to 4,000 shares (+8.1%). This transaction is part of a concentrated buying cluster: he has executed 5 purchases at BFS within the past 8 days (2025-11-12 through 2025-11-20), and 2 other insiders also bought within the past 14 days, indicating a multi-insider cluster pattern. The timing context is noteworthy—the current stock price of $30.52 sits -25.8% from the 52-week high of $41.11, with a 90-day decline of -10.2%, whereas his cross-ticker track record shows a 100% win rate with an average 90-day return of +57.4% on his 10 prior buys across all tickers. At the BFS ticker specifically, none of his 5 recent buys have yet matured to measurable outcomes (all within the past 8 days), so track record cannot predict this trade's outcome. Fundamentals show the company is modestly profitable (net income $10.5M on revenue $72.0M, P/E 19.08, annual revenue growth +4.5%), offering limited distress signal but also no catalyst story to justify the rapid accumulation pattern.

CFO Carlos Lawrence bought 1,650 shares across 3 transactions averaging $20.46, raising stake to 3,700 shares (+80.5%); 2 other insiders also bought in past 14 days.

Carlos Lawrence, Senior Vice President & CFO of Saul Centers, executed three separate purchases totaling 1,650 shares for $33,759.00 between 2025-11-14 and 2025-11-18 at an average price of $20.46, expanding his holdings by 80.5% to 3,700 shares. The filing coincides with a broader insider buying cluster at BFS: two other executives also purchased within the past 14 days. In his same-ticker history at BFS, Lawrence has executed two prior measurable buy transactions (2024-12-17 and 2024-09-27), both yielding strong 90-day returns of +66.4% and +67.4% respectively, establishing a pattern of well-timed entry points at this security. The current price of $30.35 represents a 26.2% advance from the blended transaction price of $20.46, though the stock remains 26.2% below its 52-week high of $41.11, within the recent 52-week range of $29.61–$41.11.

Sr. VP Collich buys 2,000 shares of BFS at $29.99; cluster pattern with 2 other insider buys in 14 days

John Collich, Sr. VP of Chief Acquisition & Development, purchased 2,000 shares at $29.99 on 2025-11-12, increasing his holdings by 4.2% to 49,259 shares. The stock is currently trading at $29.90, down 28.5% from its 52-week high of $41.83 and down 8.4% over the past 90 days. This buy occurs as part of a cluster pattern in which 2 other insiders also purchased shares within the past 14 days. The company shows solid fundamentals with $72.0M quarterly revenue, $10.5M net income, and 4.5% annual revenue growth, though the elevated 18.69 P/E and recent price weakness may be relevant context. The cluster pattern and Collich's role in acquisitions and development merit monitoring to understand whether the buying reflects internal conviction about valuation or other strategic considerations.

President & COO David Todd bought 3,348 shares of BFS at $29.86; cluster buy pattern with 2 other insiders in past 14 days

David Todd, President & COO of Saul Centers, purchased 3,348 shares at $29.86 on 2025-11-12, increasing his holdings from 47,218 to 50,566 shares (+7.1%). The transaction is part of a cluster buy pattern with 2 other insiders acquiring shares within the past 14 days. Todd's cross-ticker track record shows 3 prior buys with a 100.00% 90-day win rate and +5.6% average 90-day return, though his same-ticker history at BFS is mixed (3 prior buys posted 90-day returns of +4.8%, +1.3%, and +14.5%). The stock currently trades at $29.90, down 28.5% from its 52-week high of $41.83 and down 8.4% over the past 90 days, while the company maintains solid fundamentals with $72.0M quarterly revenue, $10.5M net income, and a P/E of 18.69.

CFO Carlos Lawrence bought 1,350 shares across 3 days at $20.85–$20.60; prior trades at BFS all well-timed; cluster buy pattern with 2 other insiders in past 14 days.

CFO Carlos Lawrence executed 3 separate purchases totaling 1,350 shares for $27,967.50 over three consecutive trading days at prices ranging from $20.60 to $20.85, growing his holdings by 192.9% from 700 to 2,050 shares. His prior 4 trades at Saul Centers all generated positive 90-day returns (ranging from +15.4% to +80.4%), with a 100% well-timed win rate at this ticker. The current stock price of $29.90 sits 28.5% below its 52-week high of $41.83, and the company shows solid fundamentals with $72.0M in latest quarterly revenue, $10.5M net income, and a P/E of 18.69. The transaction forms part of a cluster pattern with 2 other insiders buying within the past 14 days, indicating coordinated appetite for the stock at depressed levels.

Executive VP/Chief Legal Officer Guevara buys 210 shares of BFS at $33.00; part of 3-insider cluster in 14 days

Guevara Bettina T., Executive Vice President and Chief Legal & Administrative Officer, purchased 210 shares of SAUL CENTERS, INC. at $33.00 on 2025-05-21, increasing her holdings from 5,582 to 5,792 shares. This transaction is part of a documented cluster pattern, with 2 other insiders also buying within the past 14 days, suggesting coordinated or independent conviction at a price point near the 52-week low of $32.21. The stock is currently trading at $33.03, down 21.3% from the 52-week high of $41.96 and down 10.4% over the past 90 days, indicating the purchase occurred in a period of material price weakness. With BFS trading at a P/E of 17.11 and generating recent quarterly net income of $9.8M on revenue of $71.9M with 4.5% annual growth, the cluster buy activity warrants observation as a potential signal of insider assessment of value at depressed levels.

Pearson David Todd (President & COO) bought 1,362 shares of BFS at $32.96 on 2025-05-21 ($44.9K); cluster pattern with 2 other insiders buying within 14 days.

Pearson David Todd, the company's President & COO, purchased 1,362 shares at $32.96, bringing his holdings to 47,164 shares post-transaction. This represents a +3.0% increase to his position and comes as the stock trades at $32.88, down 21.6% from the 52-week high of $41.96. Notably, the company's fundamentals remain solid with $71.9M in latest quarterly revenue, $9.8M net income, and a P/E of 17.04, suggesting no material deterioration in financial health. The filing reveals a cluster pattern: 2 other insiders also bought within the past 14 days, which may indicate coordinated confidence at current valuations, though the stock is down 8.7% over 90 days. Todd's prior two trades at BFS show mixed timing outcomes (90-day returns of +1.1% and +14.5%), while his cross-ticker track record demonstrates a 100.00% win rate on buys with an average 90-day return of +7.8%.

BFS CEO Saul B Francis II purchased 10,000 shares over 2 days for $334,884.67 ($33.49 avg), raising holdings to 217,396 shares (+4.8%)

Chairman & CEO Saul B Francis II executed 2 separate purchases totaling 10,000 shares for $334,884.67 at a blended average price of $33.49, bringing his post-transaction holdings to 217,396 shares. The current stock price of $33.49 aligns precisely with his blended acquisition cost, meaning the position has neither appreciated nor depreciated since the transaction. Across his prior 5 trades at BFS, the CEO achieved positive 90-day returns on only 2 occasions, suggesting mixed execution timing at this ticker historically. The company's fundamentals show moderate health with $71.9M quarterly revenue, $9.8M net income, and a 17.35 P/E ratio, but the stock trades 20.2% below its 52-week high, and his recent buys came after a 90-day decline of -7.8%.