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buyNotable cluster of 3

Carlos Lawrence Heard bought $28k of BFS

Senior Vice President & CFO at SAUL CENTERS, INC.. 1,350 shares at an average of $20.72, traded Nov 11, 2025, filed Nov 13, 2025.

Conviction score
66
Value
$28k
1,350 shares
Holdings after
2,050
+193% from before
From 52-week low
+2%
low $28.10, close $28.67
From 52-week high
-22%
high $36.70, as of Nov 11, 2025

Score components

  • Role
    CFO
    +22
  • Trade size
    $28k at market
    +5
  • Relative to holdings
    Holdings up 193%
    +10
  • Price context
    2% above the 52-week low; 22% below the 52-week high
    +14
  • Cluster
    3 insiders buying within 14 days
    +15
  • Repeat buying
    First buy in 90 days
    0
  • Track record
    Too few past buys to judge (0 with prices)
    0

What happened after comparable buys

Same side and tier, against the S&P 500, at 1, 3 and 6 months. Shown to Pro users; the whole table is on the backtest page.

This signal so far: 1m +6.4%, 3m +17.0%, 6m +15.9%.

Price around the trade, and since

From a quarter before the trade to today. The arrow is the trade, the circle the day the filing reached EDGAR, which is the first day anyone outside could act; the dotted line is the S&P 500 rebased to that day's close.

BFSOct 9, 2026 · close 30.00
Since filing Nov 13, 2025: +5.7%SPY +17.1% · excess -11.4%

Daily candles, adjusted for splits and dividends. Green arrows are insider buys, red are sells, sized by value; the dashed line is the close on the filing day, the dotted line SPY rebased to it.Charts by TradingView Lightweight Charts™

Rows in this filing

Every transaction in Form 4 0000907254-25-000110, as filed. Open on EDGAR

DateTransactionSharesPriceValueHoldings afterFiled
Nov 11, 2025POpen-market purchase
Series D Preferred Stock
+450$20.85$9,3831,150Nov 13, 2025
Nov 12, 2025POpen-market purchase
Series D Preferred Stock
+450$20.70$9,3151,600Nov 13, 2025
Nov 13, 2025POpen-market purchase
Series D Preferred Stock
+450$20.60$9,2702,050Nov 13, 2025

Related signals

Other insiders at SAUL CENTERS, INC. and this insider’s other filings.

ScoreCompanyInsiderValueHoldingsFiled
32Weak
BFSbuy
SAUL CENTERS, INC.
Joel Albert Friedman
Exec VP, CAO & Treasurer
$3,706
200 shares
+100%
25Weak
BFSbuy
SAUL CENTERS, INC.
Carlos Lawrence Heard
Senior Vice President & CFO
$10k
500 shares
+13%
59Moderate
BFSbuy 3
SAUL CENTERS, INC.
Carlos Lawrence Heard
Senior Vice President & CFO
$6,165
300 shares
+8%
72Notable
BFSbuy 3
SAUL CENTERS, INC.
Carlos Lawrence Heard
Senior Vice President & CFO
$34k
1,650 shares
+80%
51Moderate
BFSbuy 3
SAUL CENTERS, INC.
John Collich
Sr. VP, Chief Acq. & Dev. Off.
$60k
2,000 shares
+4%
62Notable
BFSbuy 3
SAUL CENTERS, INC.
David Todd Pearson
President & COO
$100k
3,348 shares
+7%
44Moderate
BFSbuy 3
SAUL CENTERS, INC.
Bettina T. Guevara
Exec. VP /Chf Legal & Adm Off
$6,930
210 shares
+4%
55Moderate
BFSbuy 3
SAUL CENTERS, INC.
David Todd Pearson
President & COO
$45k
1,362 shares
+3%
69Notable
BFSbuy 3
SAUL CENTERS, INC.
B Francis Saul II
Chairman & CEO
$335k
10,000 shares
+5%
32Weak
BFSbuy
SAUL CENTERS, INC.
Carlos Lawrence Heard
Senior Vice President & CFO
$6,507
300 shares
+75%

Not investment advice. Scores and forward returns are decision support built from public SEC filings and past prices; they describe what happened after comparable filings, not what will happen after this one. Do your own research and size your risk.

Carlos Lawrence Heard bought $28k of BFS | InsiderTell