Carlos L. Heard - 20 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
20 Nov 2025
Transactions value $
$6,165
Form type
4
Filing time
20 Nov 2025, 14:13:38 UTC
Previous 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 20 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 $6.17K +300 +8.11% $20.55 4K 20 Nov 2025 Direct
holding BFS Common Stock 4.73K 20 Nov 2025 Direct

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 20 Nov 2025 Common Stock 10K $43.89 Direct F1
holding BFS Employee Stock Option 15K 20 Nov 2025 Common Stock 15K $47.90 Direct F1
holding BFS Employee Stock Option 15K 20 Nov 2025 Common Stock 15K $33.79 Direct F1
holding BFS Performance Shares 1.6K 20 Nov 2025 Common Stock 1.6K $0.00 Direct
holding BFS Performance Shares 2K 20 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 The options vest 25% per year over four years from the date of grant.