Joel Albert Friedman - May 17, 2025 Form 4 Insider Report for SAUL CENTERS, INC. (BFS)

Role
Exec VP, CAO & Treasurer
Signature
/s/ Carlos L. Heard, by Power of Attorney
Stock symbol
BFS
Transactions as of
May 17, 2025
Transactions value $
$929
Form type
4
Date filed
5/21/2025, 04:22 PM
Previous filing
May 13, 2025
SEC
View on sec.gov

Reporting Owners (1)

Name Relationship Address Signature Signature date CIK
Friedman Joel Albert Exec VP, CAO & Treasurer 7501 WISCONSIN AVENUE, 15TH FLOOR, BETHESDA /s/ Carlos L. Heard, by Power of Attorney 2025-05-21 0001472420

Transactions Table

Type Sym Class Transaction Value $ Shares Change % * Price $ Shares After Date Ownership Footnotes
transaction BFS Common Stock Award $929 +27 +0.62% $34.39 4.38K May 17, 2025 Direct F2
holding BFS Series E Preferred Stock 200 May 17, 2025 Direct
holding BFS Series D Preferred Stock 100 May 17, 2025 Direct
holding BFS Common Stock 14.2K May 17, 2025 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 10K May 17, 2025 Common Stock 10K $57.74 Direct F3
holding BFS Employee Stock Option 10K May 17, 2025 Common Stock 10K $59.41 Direct F3
holding BFS Employee Stock Option 10K May 17, 2025 Common Stock 10K $49.46 Direct F3
holding BFS Employee Stock Option 15K May 17, 2025 Common Stock 15K $55.71 Direct F3
holding BFS Employee Stock Option 20K May 17, 2025 Common Stock 20K $50.00 Direct F3
holding BFS Employee Stock Option 20K May 17, 2025 Common Stock 20K $43.89 Direct F3
holding BFS Employee Stock Option 20K May 17, 2025 Common Stock 20K $47.90 Direct F3
holding BFS Employee Stock Option 20K May 17, 2025 Common Stock 20K $33.79 Direct F3
holding BFS Performance Shares 1.6K May 17, 2025 Common Stock 1.6K $0.00 Direct
holding BFS Performance Shares 2K May 17, 2025 Common Stock 2K $0.00 Direct
* An asterisk sign (*) next to the price indicates that the price is likely invalid.

Explanation of Responses:

Id Content
F1 Effective April 1, 2009, shares formerly held by the B.F. Saul Company Employees' Profit Sharing Reinvestment Trust were distributed to the individual 401(k) plan accounts of participants. The number of shares reported represents the reporting person's beneficial ownership interest in the Saul Centers stock fund of the 401(k) plan.
F2 Shares acquired in an exempt transaction as dividend equivalents on filers restricted stock award, which vested on May 17, 2025.
F3 The options vest 25% per year over four years from the date of grant.