Philip D. Caraci - May 17, 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
May 17, 2024
Transactions value $
$0
Form type
4
Date filed
5/21/2024, 08:13 PM
Previous filing
May 16, 2023

Transactions Table

Type Sym Class Transaction Value $ Shares Change % * Price $ Shares After Date Ownership Footnotes
transaction BFS Common Stock Award $0 +2K +4.05% $0.00 51.4K May 17, 2024 Direct F2
holding BFS Common Stock 20.6K May 17, 2024 Wife's-Trust
holding BFS Common Stock 2.6K May 17, 2024 Wife's IRA
holding BFS Common Stock 53.2K May 17, 2024 Self-Trust 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 Stock Option 2.5K May 17, 2024 Common Stock 2.5K $51.07 Direct
holding BFS Stock Option 2.5K May 17, 2024 Common Stock 2.5K $57.74 Direct
holding BFS Stock Option 2.5K May 17, 2024 Common Stock 2.5K $59.41 Direct
holding BFS Stock Option 2.5K May 17, 2024 Common Stock 2.5K $49.46 Direct
holding BFS Stock Option 2.5K May 17, 2024 Common Stock 2.5K $55.71 Direct
holding BFS Stock Option 2.5K May 17, 2024 Common Stock 2.5K $50.00 Direct
holding BFS Stock Option 2.5K May 17, 2024 Common Stock 2.5K $43.89 Direct
holding BFS Stock Option 2.5K May 17, 2024 Common Stock 2.5K $47.90 Direct
holding BFS Stock Option 2.5K May 17, 2024 Common Stock 2.5K $33.79 Direct
holding BFS Phantom Stock 34.2K May 17, 2024 Common Stock 34.2K Direct F3, F4, F5
* An asterisk sign (*) next to the price indicates that the price is likely invalid.

Explanation of Responses:

Id Content
F1 Self-Trust. Reporting person is a Trustee
F2 Represents restricted shares of Common Stock. Such shares vest on the first three anniversaries of May 17, 2024 in equal annual installments, assuming continued service.
F3 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.
F4 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.
F5 Balance increased by July 31, 2023 Dividend Reinvestment Plan award, October 31, 2023, January 31, 2024 award and April 30, 2024 award totaling 2,157.175 shares.

Remarks:

Previous beneficial ownership reports filed pursuant to Section 16(a) by the reporting person referred to the Issuer's Common Stock, par value $0.01 per share as "Common Shares." Going forward, such shares will be referred to as "Common Stock."