Carlos L. Heard - 17 Dec 2024 Form 4 Insider Report for SAUL CENTERS, INC. (BFS)

Signature
Carlos L. Heard
Issuer symbol
BFS
Transactions as of
17 Dec 2024
Net transactions value
+$6,507
Form type
4
Filing time
19 Dec 2024, 15:30:13 UTC
Previous filing
01 Oct 2024
Next filing
10 Mar 2025

Transactions Table

Type Sym Class Transaction Value $ Shares Change % * Price $ Shares After Date Ownership Footnotes
transaction BFS Series D Preferred Stock Purchase $6,507 +300 +75% $21.69 700 17 Dec 2024 Direct
holding BFS Common Stock 2,223 17 Dec 2024 Direct 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 10,000 17 Dec 2024 Common Stock 10,000 $43.89 Direct F2
holding BFS Employee Stock Option 15,000 17 Dec 2024 Common Stock 15,000 $47.90 Direct F2
holding BFS Employee Stock Option 15,000 17 Dec 2024 Common Stock 15,000 $33.79 Direct F2
holding BFS Performance Shares 2,000 17 Dec 2024 Common Stock 2,000 $0.000000 Direct F3
* 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, 2024 Dividend Reinvestment Plan award of 3.366 shares.
F2 The options vest 25% per year over four years from the date of grant.
F3 The performance share award provides for the grant of restricted shares of Common Stock on each of the five anniversaries of May 17, 2024 in equal annual installments. The number of restricted shares of such grant that vest, if any, is (i) subject to cliff-vesting on May 17, 2029, and (2) achievement of performance criteria relating to the Companys target Funds from Operations available to common stockholders and noncontrolling interests (FFO) measured against an FFO amount included in the budget established by the Board of Directors annually prior to the start of such calendar year.