Willoughby B. Laycock - Mar 6, 2025 Form 4 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
Mar 6, 2025
Transactions value $
$0
Form type
4
Date filed
3/10/2025, 05:48 PM
Previous filing
Feb 7, 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 Options Exercise $0 +100 +2.9% $0.00 3.55K Mar 6, 2025 Direct F1
transaction BFS Common Stock Award $0 +50 +1.41% $0.00 3.6K Mar 6, 2025 Direct F2
holding BFS Common Stock 250 Mar 6, 2025 Spouse-401K

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
transaction BFS Performance Shares Options Exercise $0 -100 -20% $0.00 400 Mar 6, 2025 Common Stock 100 $0.00 Direct
holding BFS Employee Stock Option 5K Mar 6, 2025 Common Stock 5K $55.71 Direct F3
holding BFS Director Stock Option 2.5K Mar 6, 2025 Common Stock 2.5K $55.71 Direct
holding BFS Employee Stock Option 10K Mar 6, 2025 Common Stock 10K $50.00 Direct F3
holding BFS Director Stock Option 2.5K Mar 6, 2025 Common Stock 2.5K $50.00 Direct
holding BFS Employee Stock Option 10K Mar 6, 2025 Common Stock 10K $43.89 Direct F3
holding BFS Director Stock Option 2.5K Mar 6, 2025 Common Stock 2.5K $43.89 Direct
holding BFS Employee Stock Option 10K Mar 6, 2025 Common Stock 10K $47.90 Direct F3
holding BFS Director Stock Option 2.5K Mar 6, 2025 Common Shares 2.5K $47.90 Direct
holding BFS Employee Stock Option 10K Mar 6, 2025 Common Stock 10K $33.79 Direct F3
holding BFS Director Stock Option 2.5K Mar 6, 2025 Common Stock 2.5K $33.79 Direct
holding BFS Phantom Stock 3.86K Mar 6, 2025 Common Stock 3.86K Direct F4, F5, F6
* An asterisk sign (*) next to the price indicates that the price is likely invalid.

Explanation of Responses:

Id Content
F1 Represents restricted shares of Common Stock. Such shares vest, assuming continued employment, on May 17, 2029.
F2 Represents additional restricted shares of Common Stock earned based on the achievement of performance criteria with respect to a performance period commencing on January 1, 2024 and ending on December 31, 2024. Such shares vest, assuming continued employment, on May 17, 2029.
F3 The options vest 25% per year over four years from the date of grant.
F4 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.
F5 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.
F6 Includes 63.183 shares awarded January 31, 2025 as dividend reinvestments on shares of phantom stock held by the reporting person pursuant to the Deferred Compensation Plan.