Willoughby B. Laycock - Jan 2, 2024 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
Jan 2, 2024
Transactions value $
$1,200
Form type
4
Date filed
1/4/2024, 01:37 PM
Previous filing
Oct 4, 2023
Next filing
May 21, 2024

Transactions Table

Type Sym Class Transaction Value $ Shares Change % * Price $ Shares After Date Ownership Footnotes
holding BFS Common Stock 2.05K Jan 2, 2024 Direct
holding BFS Common Stock 309 Jan 2, 2024 Spouse F1, F2
holding BFS Common Stock 313 Jan 2, 2024 Spouse-401K F3, F4

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 Phantom Stock Award $1.2K +30.5 +0.86% $39.34 3.57K Jan 2, 2024 Common Stock 30.5 Direct F5, F6, F7
holding BFS Employee Stock Option 5K Jan 2, 2024 Common Stock 5K $55.71 Direct F8
holding BFS Director Stock Option 2.5K Jan 2, 2024 Common Stock 2.5K $55.71 Direct
holding BFS Employee Stock Option 10K Jan 2, 2024 Common Stock 10K $50.00 Direct F8
holding BFS Director Stock Option 2.5K Jan 2, 2024 Common Stock 2.5K $50.00 Direct
holding BFS Employee Stock Option 10K Jan 2, 2024 Common Stock 10K $43.89 Direct F8
holding BFS Director Stock Option 2.5K Jan 2, 2024 Common Stock 2.5K $43.89 Direct
holding BFS Employee Stock Option 10K Jan 2, 2024 Common Stock 10K $47.90 Direct F8
holding BFS Director Stock Option 2.5K Jan 2, 2024 Common Shares 2.5K $47.90 Direct
holding BFS Employee Stock Option 10K Jan 2, 2024 Common Stock 10K $33.79 Direct F8
holding BFS Director Stock Option 2.5K Jan 2, 2024 Common Stock 2.5K $33.79 Direct
* An asterisk sign (*) next to the price indicates that the price is likely invalid.

Explanation of Responses:

Id Content
F1 Balance increased by October 31, 2023 Dividend Reinvestment Plan award of 5.370 shares.
F2 Shares owned directly by the reporting person's spouse. The reporting person disclaims beneficial ownership of these shares.
F3 Balance increased by October 31, 2023 Dividend Reinvestment Plan award of 5.437 shares.
F4 Shares owned in the reporting person's spouse's 401K account. The reporting person disclaims beneficial ownership of these shares.
F5 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.
F6 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.
F7 Includes 61.501 shares awarded October 31, 2023 as dividend reinvestments on shares of phantom stock held by the reporting person pursuant to the Deferred Compensation Plan
F8 The options vest 25% per year over four years from the date of grant.