Carlos Heard compensation by year
SAUL CENTERS Summary Compensation Table · all 4 fiscal years held| Component | FY2022 | FY2023 | FY2024 | FY2025 |
|---|---|---|---|---|
| Salary | $424,038 | $482,692 | $520,287 | $547,186 |
| Bonus | $67,500 | $75,000 | $79,500 | $83,250 |
| Stock awards | $0 | $0 | $90,592 | $101,023 |
| Option awards | $114,900 | $90,900 | $0 | $0 |
| Non-equity incentive | $0 | $0 | $0 | $0 |
| Pension and deferred compensation | $881 | $2,405 | $3,810 | $5,342 |
| All other | $44,048 | $48,018 | $50,257 | $50,376 |
| Total | $651,367 | $699,015 | $744,446 | $787,177 |
Each year as stated in that year's proxy. A dash means the company reported no figure in that column. Source: SAUL CENTERS, INC. DEF 14A filed March 23, 2026, accession 0000907254-26-000025, and prior-year filings. Open the filing on EDGAR.
How this page was built: the SAUL CENTERS, INC. filed document, accession 0000907254-26-000025. Every figure is read from that document and cited to the page and table it appears in. Filed March 23, 2026.
Equity holdings
unvested awards at FY2025 year-end| Type | Unvested units | Value at year-end | Exercise price |
|---|---|---|---|
| RSU | 2,000 | $63,060 | — |
| RSU | 1,600 | $50,448 | — |
| RSU | 1,200 | $37,836 | — |
| PSU | 1,200 | $37,836 | — |
| RSU | 600 | $18,918 | — |
| Option | 3,750 | — | $47.90 |
| Option | 7,500 | — | $33.79 |
Per the Outstanding Equity Awards at Fiscal Year-End table in SAUL CENTERS, INC.'s FY2025 proxy; value at the fiscal year-end close, as the company printed it.
SAUL CENTERS’s named executive officers, FY2025
as the company reported each| Named executive officer | Role | FY2025 total |
|---|---|---|
| D. Todd Pearson | President and Chief Operating Officer | $2,266,842 |
| B. Francis Saul | Chairman and Chief Executive Officer | $1,262,364 |
| Carlos Heard · this page | Senior Vice President - Chief Financial Officer | $787,177 |
| John Collich | Senior Vice President-Chief Acquisitions and Development Officer | $771,592 |
| Zachary Friedlis | Senior Vice President-Retail Leasing | $754,395 |
The full SAUL CENTERS compensation record
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Compensation, the day it’s disclosed
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How this record is built
Every figure on this page is one figure from a public SEC filing, printed as the filing states it and cited to the document. Compensation totals are SAUL CENTERS's own disclosed totals, not summed by Velarion. Insider transactions are read from Form 4 filings and cover every line filed since the most recent proxy. Nothing is estimated by Velarion; where the company does not disclose a value the cell reads "—", and a section appears only where the company discloses the data. Corrections: records@velarion.ai.
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