George Patrick Clancy Jr - Apr 1, 2024 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
Apr 1, 2024
Transactions value $
$20,000
Form type
4
Date filed
4/3/2024, 11:13 AM
Previous filing
Jan 10, 2024
Next filing
May 21, 2024

Transactions Table

Type Sym Class Transaction Value $ Shares Change % * Price $ Shares After Date Ownership Footnotes
holding BFS Common Shares 10.6K Apr 1, 2024 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 Phantom Stock Award $20K +526 +11.67% $38.01 5.03K Apr 1, 2024 Common Stock 526 Direct F1, F2, F3
holding BFS Director Stock Option 2.5K Apr 1, 2024 Common Stock 2.5K $47.03 Direct
holding BFS Director Stock Option 2.5K Apr 1, 2024 Common Stock 2.5K $51.07 Direct
holding BFS Director Stock Option 2.5K Apr 1, 2024 Common Stock 2.5K $57.74 Direct
holding BFS Director Stock Option 2.5K Apr 1, 2024 Common Stock 2.5K $59.41 Direct
holding BFS Director Stock Option 2.5K Apr 1, 2024 Common Stock 2.5K $49.46 Direct
holding BFS Director Stock Option 2.5K Apr 1, 2024 Common Stock 2.5K $55.71 Direct
holding BFS Director Stock Option 2.5K Apr 1, 2024 Common Stock 2.5K $50.00 Direct
holding BFS Director Stock Option 2.5K Apr 1, 2024 Common Stock 2.5K $43.89 Direct
holding BFS Director Stock Option 2.5K Apr 1, 2024 Common Stock 2.5K $47.90 Direct
holding BFS Director Stock Option 2.5K Apr 1, 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 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.
F2 The conversion of phantom stock into shares of the issuer's common stock is governed pursuant to terms of the issuer's Deferred Compensation Plan under its 2004 Stock Plan, as amended, and the reporting person's Deferred Fee Agreement.
F3 Includes 69.445 shares awarded January 31, 2024 as dividend reinvestments on shares of phantom stock held by the reporting person pursuant to the Deferred Compensation Plan.