David Todd Pearson - May 17, 2025 Form 4 Insider Report for SAUL CENTERS, INC. (BFS)

Role
President & COO, Director
Signature
/s/ Carlos L. Heard, by Power of Attorney
Stock symbol
BFS
Transactions as of
May 17, 2025
Transactions value $
$8,954
Form type
4
Date filed
5/21/2025, 04:21 PM
Previous filing
May 13, 2025
SEC
View on sec.gov

Reporting Owners (1)

Name Relationship Address Signature Signature date CIK
Pearson David Todd President & COO, Director 7501 WISCONSIN AVENUE, SUITE 1500, BETHESDA /s/ Carlos L. Heard, by Power of Attorney 2025-05-21 0001804456

Transactions Table

Type Sym Class Transaction Value $ Shares Change % * Price $ Shares After Date Ownership Footnotes
transaction BFS Common Stock Tax liability -$41.5K -1.21K -2.57% $34.39 45.6K May 17, 2025 Direct
transaction BFS Common Stock Award $5.54K +161 +0.35% $34.39 45.8K May 17, 2025 Direct F1
transaction BFS Common Stock Purchase $44.9K +1.36K +2.97% $32.96 47.2K May 21, 2025 Direct
holding BFS Common Stock 2.28K May 17, 2025 Spouse IRA

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 May 17, 2025 Common Stock 5K $59.41 Direct F2
holding BFS Employee Stock Option 5K May 17, 2025 Common Stock 5K $49.46 Direct F2
holding BFS Employee Stock Option 7.5K May 17, 2025 Common Stock 7.5K $55.71 Direct F2
holding BFS Employee Stock Option 15K May 17, 2025 Common Stock 15K $50.00 Direct F2
holding BFS Employee Stock Option 25K May 17, 2025 Common Stock 25K $43.89 Direct F2
holding BFS Employee Stock Option 30K May 17, 2025 Common Stock 30K $47.90 Direct F2
holding BFS Employee Stock Option 30K May 17, 2025 Common Shares 30K $33.79 Direct F2
holding BFS Director Stock Option 2.5K May 17, 2025 Common Stock 2.5K $33.79 Direct
holding BFS Performance Shares 14K May 17, 2025 Common Stock 14K $0.00 Direct
holding BFS Performance Shares 17.5K May 17, 2025 Common Stock 17.5K $0.00 Direct
* An asterisk sign (*) next to the price indicates that the price is likely invalid.

Explanation of Responses:

Id Content
F1 Shares acquired in an exempt transaction as dividend equivalents on filers restricted stock award, which vested on May 17, 2025.
F2 The options vest 25% per year over four years from the date of grant.