Philip D. Caraci - 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, 17:28:26 UTC
Previous filing
21 May 2024
SEC
View on sec.gov

Reporting Owners (1)

Name Relationship Address Signature Signature date CIK
CARACI PHILIP D Director 7501 WISCONSIN AVENUE, 15TH FLOOR, BETHESDA /s/ Carlos L. Heard, by Power of Attorney 13 May 2025 0001228461

Transactions Table

Type Sym Class Transaction Value $ Shares Change % * Price $ Shares After Date Ownership Footnotes
transaction BFS Common Stock Award $0 +2,000 +3.9% $0.000000 53,416 09 May 2025 Direct F2
holding BFS Common Stock 20,564 09 May 2025 Wife's-Trust
holding BFS Common Stock 2,602 09 May 2025 Wife's IRA
holding BFS Common Stock 53,187 09 May 2025 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 2,500 09 May 2025 Common Stock 2,500 $57.74 Direct
holding BFS Stock Option 2,500 09 May 2025 Common Stock 2,500 $59.41 Direct
holding BFS Stock Option 2,500 09 May 2025 Common Stock 2,500 $49.46 Direct
holding BFS Stock Option 2,500 09 May 2025 Common Stock 2,500 $55.71 Direct
holding BFS Stock Option 2,500 09 May 2025 Common Stock 2,500 $50.00 Direct
holding BFS Stock Option 2,500 09 May 2025 Common Stock 2,500 $43.89 Direct
holding BFS Stock Option 2,500 09 May 2025 Common Stock 2,500 $47.90 Direct
holding BFS Stock Option 2,500 09 May 2025 Common Stock 2,500 $33.79 Direct
holding BFS Phantom Stock 36,468 09 May 2025 Common Stock 36,468 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 9, 2025 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, 2024 Dividend Reinvestment Plan award, October 31, 2024, January 31, 2025 and April 30, 2025 award totaling 2,309.369 shares