Judith K. Garland - 17 May 2025 Form 4 Insider Report for SAUL CENTERS, INC. (BFS)

Role
SVP, Office and Retail
Signature
/s/ Carlos L. Heard, by Power of Attorney
Issuer symbol
BFS
Transactions as of
17 May 2025
Net transactions value
-$2,098
Form type
4
Filing time
21 May 2025, 16:20:04 UTC
Previous filing
13 May 2025
Next filing
12 Mar 2026
SEC
View on sec.gov

Reporting Owners (1)

Name Relationship Address Signature Signature date CIK
Garland Judith K. SVP, Office and Retail 7501 WISCONSIN AVENUE, SUITE 1500, BETHESDA /s/ Carlos L. Heard, by Power of Attorney 21 May 2025 0001849366

Transactions Table

Type Sym Class Transaction Value $ Shares Change % * Price $ Shares After Date Ownership Footnotes
transaction BFS Common Stock Tax liability $2,442 -71 -2.5% $34.39 2,729 17 May 2025 Direct
transaction BFS Common Stock Award $344 +10 +0.37% $34.39 2,739 17 May 2025 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 5,000 17 May 2025 Common Stock 5,000 $43.89 Direct F2
holding BFS Employee Stock Option 5,000 17 May 2025 Common Stock 5,000 $47.90 Direct F2
holding BFS Employee Stock Option 10,000 17 May 2025 Common Stock 10,000 $33.79 Direct F2
holding BFS Performance Shares 800 17 May 2025 Common Stock 800 $0.000000 Direct
holding BFS Performance Shares 1,500 17 May 2025 Common Stock 1,500 $0.000000 Direct
* An asterisk sign (*) next to the price indicates that the price is likely invalid.

Explanation of Responses:

Id Content
F1 Shares acquired in an exempt transaction as dividend equivalents on filers restricted stock award, which vested on May 17, 2025.
F2 The options vest 25% per year over four years from the date of grant.