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

Role
Senior Vice President & CFO
Signature
Carlos L. Heard
Stock symbol
BFS
Transactions as of
Dec 17, 2024
Transactions value $
$6,507
Form type
4
Date filed
12/19/2024, 03:30 PM
Previous filing
Oct 1, 2024

Transactions Table

Type Sym Class Transaction Value $ Shares Change % * Price $ Shares After Date Ownership Footnotes
transaction BFS Series D Preferred Stock Purchase $6.51K +300 +75% $21.69 700 Dec 17, 2024 Direct
holding BFS Common Stock 2.22K Dec 17, 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 10K Dec 17, 2024 Common Stock 10K $43.89 Direct F2
holding BFS Employee Stock Option 15K Dec 17, 2024 Common Stock 15K $47.90 Direct F2
holding BFS Employee Stock Option 15K Dec 17, 2024 Common Stock 15K $33.79 Direct F2
holding BFS Performance Shares 2K Dec 17, 2024 Common Stock 2K $0.00 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.