Joel Albert Friedman - 06 Mar 2025 Form 4 Insider Report for SAUL CENTERS, INC. (BFS)

Role
Exec VP, CAO & Treasurer
Signature
/s/ Carlos L. Heard, by Power of Attorney
Issuer symbol
BFS
Transactions as of
06 Mar 2025
Net transactions value
$0
Form type
4
Filing time
10 Mar 2025, 17:49:16 UTC
Previous filing
21 May 2024
Next filing
13 May 2025
SEC
View on sec.gov

Transactions Table

Type Sym Class Transaction Value $ Shares Change % * Price $ Shares After Date Ownership Footnotes
transaction BFS Common Stock Options Exercise $0 +400 +19% $0.000000 2,539 06 Mar 2025 Direct F2
transaction BFS Common Stock Award $0 +200 +7.9% $0.000000 2,746 06 Mar 2025 Direct F3, F4
holding BFS Series E Preferred Stock 200 06 Mar 2025 Direct
holding BFS Series D Preferred Stock 100 06 Mar 2025 Direct
holding BFS Common Stock 13,956 06 Mar 2025 401K 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
transaction BFS Performance Shares Options Exercise $0 -400 -20% $0.000000 1,600 06 Mar 2025 Common Stock 400 $0.000000 Direct
holding BFS Employee Stock Option 10,000 06 Mar 2025 Common Stock 10,000 $51.07 Direct F5
holding BFS Employee Stock Option 10,000 06 Mar 2025 Common Stock 10,000 $57.74 Direct F5
holding BFS Employee Stock Option 10,000 06 Mar 2025 Common Stock 10,000 $59.41 Direct F5
holding BFS Employee Stock Option 10,000 06 Mar 2025 Common Stock 10,000 $49.46 Direct F5
holding BFS Employee Stock Option 15,000 06 Mar 2025 Common Stock 15,000 $55.71 Direct F5
holding BFS Employee Stock Option 20,000 06 Mar 2025 Common Stock 20,000 $50.00 Direct F5
holding BFS Employee Stock Option 20,000 06 Mar 2025 Common Stock 20,000 $43.89 Direct F5
holding BFS Employee Stock Option 20,000 06 Mar 2025 Common Stock 20,000 $47.90 Direct F5
holding BFS Employee Stock Option 20,000 06 Mar 2025 Common Stock 20,000 $33.79 Direct F5
* An asterisk sign (*) next to the price indicates that the price is likely invalid.

Explanation of Responses:

Id Content
F1 Effective April 1, 2009, shares formerly held by the B.F. Saul Company Employees' Profit Sharing Reinvestment Trust were distributed to the individual 401(k) plan accounts of participants. The number of shares reported represents the reporting person's beneficial ownership interest in the Saul Centers stock fund of the 401(k) plan.
F2 Represents restricted shares of Common Stock. Such shares vest, assuming continued employment, on May 17, 2029.
F3 Represents additional restricted shares of Common Stock earned based on the achievement of performance criteria with respect to a performance period commencing on January 1, 2024 and ending on December 31, 2024. Such shares vest, assuming continued employment, on May 17, 2029.
F4 Balance increased by July 31, 2024 Dividend Reinvestment Plan award, October 31, 2024, and January 31, 2025 award totaling 6.658 shares
F5 The options vest 25% per year over four years from the date of grant.