Carlos L. Heard - 11 Nov 2025 Form 4 Insider Report for SAUL CENTERS, INC. (BFS)

Role
Senior Vice President & CFO
Signature
Carlos L. Heard
Issuer symbol
BFS
Transactions as of
11 Nov 2025
Transactions value $
$27,968
Form type
4
Filing time
13 Nov 2025, 16:54:59 UTC
Previous filing
21 May 2025
Next filing
18 Nov 2025
SEC
View on sec.gov

Reporting Owners (1)

Name Relationship Address Signature Signature date CIK
Heard Carlos Lawrence Senior Vice President & CFO 7501 WISCONSIN AVENUE, SUITE 1500E, BETHESDA Carlos L. Heard 13 Nov 2025 0001849267

Transactions Table

Type Sym Class Transaction Value $ Shares Change % * Price $ Shares After Date Ownership Footnotes
transaction BFS Series D Preferred Stock Purchase $9.38K +450 +64.29% $20.85 1.15K 11 Nov 2025 Direct
transaction BFS Series D Preferred Stock Purchase $9.32K +450 +39.13% $20.70 1.6K 12 Nov 2025 Direct
transaction BFS Series D Preferred Stock Purchase $9.27K +450 +28.13% $20.60 2.05K 13 Nov 2025 Direct
holding BFS Common Stock 4.73K 11 Nov 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 10K 11 Nov 2025 Common Stock 10K $43.89 Direct F2
holding BFS Employee Stock Option 15K 11 Nov 2025 Common Stock 15K $47.90 Direct F2
holding BFS Employee Stock Option 15K 11 Nov 2025 Common Stock 15K $33.79 Direct F2
holding BFS Performance Shares 1.6K 11 Nov 2025 Common Stock 1.6K $0.00 Direct
holding BFS Performance Shares 2K 11 Nov 2025 Common Stock 2K $0.00 Direct
* 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, 2025 Dividend Reinvestment Plan award of 5.924 shares.
F2 The options vest 25% per year over four years from the date of grant.