Mark Sullivan III - 09 May 2025 Form 4 Insider Report for SAUL CENTERS, INC. (BFS)

Role
Director
Signature
/s/ Carlos L. Heard, by Power of Attorney
Issuer symbol
BFS
Transactions as of
09 May 2025
Net transactions value
$0
Form type
4
Filing time
13 May 2025, 17:27:15 UTC
Previous filing
21 May 2024
SEC
View on sec.gov

Reporting Owners (1)

Name Relationship Address Signature Signature date CIK
Sullivan Mark III Director 7501 WISCONSIN AVENUE, 15TH FLOOR, BETHESDA /s/ Carlos L. Heard, by Power of Attorney 13 May 2025 0001433619

Transactions Table

Type Sym Class Transaction Value $ Shares Change % * Price $ Shares After Date Ownership Footnotes
transaction BFS Common Stock Award $0 +2,000 +31% $0.000000 8,400 09 May 2025 Direct F4, F5
holding BFS Common Stock 800 09 May 2025 Co-trustee of Trust F1
holding BFS Common Stock 8,510 09 May 2025 Direct F2
holding BFS Common Stock 1,463 09 May 2025 Direct F3

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 Director Stock Option 2,500 09 May 2025 Common Stock 2,500 $57.74 Direct
holding BFS Director Stock Option 2,500 09 May 2025 Common Stock 2,500 $59.41 Direct
holding BFS Director Stock Option 2,500 09 May 2025 Common Stock 2,500 $49.46 Direct
holding BFS Director Stock Option 2,500 09 May 2025 Common Stock 2,500 $55.71 Direct
holding BFS Director Stock Option 2,500 09 May 2025 Common Stock 2,500 $50.00 Direct
holding BFS Director Stock Option 2,500 09 May 2025 Common Stock 2,500 $43.89 Direct
holding BFS Director Stock Option 2,500 09 May 2025 Common Stock 2,500 $47.90 Direct
holding BFS Director Stock Option 2,500 09 May 2025 Common Stock 2,500 $33.79 Direct
* An asterisk sign (*) next to the price indicates that the price is likely invalid.

Explanation of Responses:

Id Content
F1 Mr. Sullivan is co-trustee of the trust. The beneficiaries of the trust are his brother and his brother's children. Mr. Sullivan disclaims any beneficial ownership in the shares held by the trust.
F2 IRA
F3 SEP IRA
F4 Represents restricted shares of Common Stock. Such shares vest on the first three anniversaries of May 9, 2025 in equal annual installments, assuming continued service.
F5 Self-Direct