BFS SAUL CENTERS, INC.

Did the company actually spend money buying back stock in 3+ of the last 4 quarters?

Not enough buyback data

Is the most recent quarter's buyback spend more than 15% above the trailing average?

Not enough buyback data

What percentage of free cash flow is going to buybacks? Bull: 30-80%. Bear: <10% or >80%.

Missing buyback or cash flow data

How fast are they shrinking the float? Bull: 2%+ annually. Bear: under 0.5%.

Missing shares repurchased or outstanding data

Are officers and directors buying stock with their own money on the open market?

11 open-market purchases by 4 insiders

• Heard Carlos Lawrence (Senior Vice President & CFO) bought 300 shares at $20.55 on 2025-11-20
• Heard Carlos Lawrence (Senior Vice President & CFO) bought 600 shares at $20.35 on 2025-11-18
• Heard Carlos Lawrence (Senior Vice President & CFO) bought 600 shares at $20.54 on 2025-11-17
• Heard Carlos Lawrence (Senior Vice President & CFO) bought 450 shares at $20.50 on 2025-11-14
• Heard Carlos Lawrence (Senior Vice President & CFO) bought 450 shares at $20.60 on 2025-11-13
• Heard Carlos Lawrence (Senior Vice President & CFO) bought 450 shares at $20.70 on 2025-11-12
• Collich John (Sr. VP, Chief Acq. & Dev. Off.) bought 2,000 shares at $29.99 on 2025-11-12
• Pearson David Todd (President & COO) bought 3,348 shares at $29.86 on 2025-11-12
• Heard Carlos Lawrence (Senior Vice President & CFO) bought 450 shares at $20.85 on 2025-11-11
• Guevara Bettina T. (Exec. VP /Chf Legal & Adm Off) bought 210 shares at $33.00 on 2025-05-21

Are insider purchases happening during the same quarters the company is actively buying back stock?

Need both buyback and insider purchase data

Looking at all open-market transactions, are insiders net buyers or net sellers?

Insiders bought $0M, sold $0M (net buying)

Active buyback + insiders net selling 3x+ more than buying. Company cash may be supporting price while insiders exit.

No buyback-insider divergence detected