George Patrick Clancy Jr - May 9, 2025 Form 4 Insider Report for SAUL CENTERS, INC. (BFS)

Role
Director
Signature
/s/ Carlos L. Heard, by Power of Attorney
Stock symbol
BFS
Transactions as of
May 9, 2025
Transactions value $
$0
Form type
4
Date filed
5/13/2025, 05:27 PM
Previous filing
Apr 2, 2025
Next filing
May 21, 2025
SEC
View on sec.gov

Reporting Owners (1)

Name Relationship Address Signature Signature date CIK
CLANCY GEORGE PATRICK JR Director 7501 WISCONSIN AVENUE, SUITE 1500, BETHESDA /s/ Carlos L. Heard, by Power of Attorney 2025-05-13 0001216742

Transactions Table

Type Sym Class Transaction Value $ Shares Change % * Price $ Shares After Date Ownership Footnotes
transaction BFS Common Stock Award $0 +2K +13.45% $0.00 16.9K May 9, 2025 Direct 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 Director Stock Option 2.5K May 9, 2025 Common Stock 2.5K $57.74 Direct
holding BFS Director Stock Option 2.5K May 9, 2025 Common Stock 2.5K $59.41 Direct
holding BFS Director Stock Option 2.5K May 9, 2025 Common Stock 2.5K $49.46 Direct
holding BFS Director Stock Option 2.5K May 9, 2025 Common Stock 2.5K $55.71 Direct
holding BFS Director Stock Option 2.5K May 9, 2025 Common Stock 2.5K $50.00 Direct
holding BFS Director Stock Option 2.5K May 9, 2025 Common Stock 2.5K $43.89 Direct
holding BFS Director Stock Option 2.5K May 9, 2025 Common Stock 2.5K $47.90 Direct
holding BFS Director Stock Option 2.5K May 9, 2025 Common Stock 2.5K $33.79 Direct
holding BFS Phantom Stock 5.29K May 9, 2025 Common Stock 5.29K Direct F2, F3, 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 on the first three anniversaries of May 9, 2025 in equal annual installments, assuming continued service.
F2 New phantom shares are issuable pursuant to the Issuers Deferred Compensation Plan for Directors, as amended and restated effective May 17, 2024 (the Deferred Compensation Plan), under its 2024 Stock Incentive Plan. Phantom shares issued prior to May 17, 2024, continue to be subject to the terms of the Issuers deferred compensation plan for directors in effect prior to the amendment and restatement of the Deferred Compensation Plan.
F3 The conversion of phantom shares issued on or after May 17, 2024, into shares of the Issuers common stock is governed pursuant to terms of the Issuers Deferred Compensation Plan under its 2024 Stock Plan and the reporting persons Deferred Fee Agreement. The conversion of phantom shares issued prior to May 17, 2024, into shares of the Issuers common stock is governed pursuant to the terms of the Issuers deferred compensation plan for directors in effect prior to the amendment and restatement of the Deferred Compensation Plan and the reporting persons Deferred Fee Agreement.
F4 Includes 97.628 shares awarded April 30, 2025 as dividend reinvestments on shares of phantom stock held by the reporting person pursuant to the Deferred Compensation Plan.