Willoughby B. Laycock - Dec 31, 2024 Form 5 Insider Report for SAUL CENTERS, INC. (BFS)

Role
SVP-Res. Design/Mrkt Research, Director
Signature
/s/ Carlos L. Heard, by Power of Attorney
Stock symbol
BFS
Transactions as of
Dec 31, 2024
Transactions value $
$0
Form type
5
Date filed
2/7/2025, 10:30 AM
Previous filing
May 21, 2024
Next filing
Mar 10, 2025
SEC
View on sec.gov

Transactions Table

Type Sym Class Transaction Value $ Shares Change % * Price $ Shares After Date Ownership Footnotes
transaction BFS Common Stock Other $0 +541 +18.59% $0.00 3.45K Dec 20, 2024 Direct F2, F3
holding BFS Common Stock 250 Dec 31, 2024 Spouse-401K F1

Derivative Securities (e.g., puts, calls, warrants, options, convertible securities)

Type Sym Class Transaction Value $ Shares Change % * Price $ Shares After Date Underlying Class Amount Exercise Price Ownership Footnotes
holding BFS Employee Stock Option 5K Dec 31, 2024 Common Stock 5K $55.71 Direct F4
holding BFS Director Stock Option 2.5K Dec 31, 2024 Common Stock 2.5K $55.71 Direct
holding BFS Employee Stock Option 10K Dec 31, 2024 Common Stock 10K $50.00 Direct F4
holding BFS Director Stock Option 2.5K Dec 31, 2024 Common Stock 2.5K $50.00 Direct
holding BFS Employee Stock Option 10K Dec 31, 2024 Common Stock 10K $43.89 Direct F4
holding BFS Director Stock Option 2.5K Dec 31, 2024 Common Stock 2.5K $43.89 Direct
holding BFS Employee Stock Option 10K Dec 31, 2024 Common Stock 10K $47.90 Direct F4
holding BFS Director Stock Option 2.5K Dec 31, 2024 Common Shares 2.5K $47.90 Direct
holding BFS Employee Stock Option 10K Dec 31, 2024 Common Stock 10K $33.79 Direct F4
holding BFS Director Stock Option 2.5K Dec 31, 2024 Common Stock 2.5K $33.79 Direct
holding BFS Phantom Stock 3.8K Dec 31, 2024 Common Stock 3.8K Direct F5, F6, F7
holding BFS Performance Shares 500 Dec 31, 2024 Common Stock 500 $0.00 Direct F8
* An asterisk sign (*) next to the price indicates that the price is likely invalid.

Explanation of Responses:

Id Content
F1 This is a correction to the balance previously reported on the Form 4 filed on May 21, 2024.
F2 Shares received from a trust in which the reporting person was a beneficiary but not the trustee. The transfer reflects a change in the form of ownership, with the reporting person now directly holding the shares. No consideration was paid by the reporting person in connection with transaction.
F3 This is a correction to the balance previously reported on the Form 4 filed on May 21, 2024. Previously, shares (319.059) were reported to be indirect beneficial ownership from the reporting person's spouse. These shares were directly owned by the reporting person and upon correcting the balance and nature of ownership, now total 3,451.068
F4 The options vest 25% per year over four years from the date of grant.
F5 Phantom shares are issuable pursuant to the Issuer's Deferred Compensation Plan for Directors under its 2004 Stock Plan, as amended (the "Deferred Compensation Plan"). Each share of phantom stock is the economic equivalent of one share of common stock. The shares of phantom stock become payable, in cash or common stock, at the election of the reporting person, upon the reporting person's termination of service.
F6 The conversion of the phantom stock into shares of the Issuer's common stock is governed by the Deferred Compensation Plan and the reporting person's Deferred Fee Election Agreement.
F7 Balance increased by July 31, 2024 and October 31, 2024 Dividend Reinvestment Plan awards totaling 113.314 shares.
F8 The performance share award provides for the grant of restricted shares of Common Stock on each of the five anniversaries of May 17, 2024 in equal annual installments. The number of restricted shares of such grant that vest, if any, is (i) subject to cliff-vesting on May 17, 2029, and (2) achievement of performance criteria relating to the Companys target Funds from Operations available to common stockholders and noncontrolling interests (FFO) measured against an FFO amount included in the budget established by the Board of Directors annually prior to the start of such calendar year.