Carlos L. Heard - Mar 6, 2025 Form 4 Insider Report for SAUL CENTERS, INC. (BFS)

Role
Senior Vice President & CFO
Signature
Carlos L. Heard
Stock symbol
BFS
Transactions as of
Mar 6, 2025
Transactions value $
$0
Form type
4
Date filed
3/10/2025, 05:49 PM
Previous filing
Dec 19, 2024
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 +400 +18% $0.00 2.62K Mar 6, 2025 Direct F1
transaction BFS Common Stock Award $0 +200 +7.62% $0.00 2.83K Mar 6, 2025 Direct F2, F3
holding BFS Series D Preferred Stock 700 Mar 6, 2025 Direct

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 -400 -20% $0.00 1.6K Mar 6, 2025 Common Stock 400 $0.00 Direct
holding BFS Employee Stock Option 10K Mar 6, 2025 Common Stock 10K $43.89 Direct F4
holding BFS Employee Stock Option 15K Mar 6, 2025 Common Stock 15K $47.90 Direct F4
holding BFS Employee Stock Option 15K Mar 6, 2025 Common Stock 15K $33.79 Direct F4
* 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 Balance increased by January 31, 2025 Dividend Reinvestment Plan award of 3.559 shares.
F4 The options vest 25% per year over four years from the date of grant.