John E. Chapoton - 01 Oct 2025 Form 4 Insider Report for SAUL CENTERS, INC. (BFS)

Reporting relationship: Director
Issuer ticker: BFS
Reported as of: 01 Oct 2025
Net transaction value: +$16,250
SEC form: 4
Accepted by SEC: 01 Oct 2025, 14:47:46 UTC
Prior SEC filing: 01 Jul 2025
Source filing: View source filing
Reporting owner signature: /s/ Carlos L. Heard, by Power of Attorney

Key filing fact

John E. Chapoton filed Form 4 for SAUL CENTERS, INC. (BFS) on 01 Oct 2025.

Key facts

This page summarizes John E. Chapoton's Form 4 filing for SAUL CENTERS, INC. (BFS).
1 reported transaction and 9 derivative rows are listed below.
Accepted by SEC: 01 Oct 2025, 14:47.

Change

Previous filing in this sequence was filed on 01 Jul 2025.
Current net transaction value: +$16,250.

Research use

This tells you what this filing adds before you inspect full transaction and derivative tables.
You can trace every row back to the original SEC filing document.

Evidence

Filed on Form 4

Ownership activity is grounded in SEC Form 4 disclosures.

View source filing

Reporting Owners (1)

CIK 0001144844 Primary reporting owner

CHAPOTON JOHN E

Relationship: Director
Address: 7501 WISCONSIN AVENUE, 15TH FLOOR, BETHESDA
Signature: /s/ Carlos L. Heard, by Power of Attorney
Signature date: 01 Oct 2025

Reported non-derivative transactions

Shares, units, or other non-derivative securities reported in this filing.

BFS holding

Common Stock

No transaction description listed

Transaction value
Shares
Change %
Price
Shares after: 11,466
Date: 01 Oct 2025
Ownership: Direct

Reported derivative securities

Options, warrants, convertible securities, or similar derivative positions disclosed in the filing.

BFS transaction Derivative

Phantom Stock

Award

Transaction value: $16,250
Shares: +510
Change %: +1.8%
Price: $31.87
Shares after: 28,955
Date: 01 Oct 2025
Ownership: Direct
Underlying class: Common Stock
Underlying amount: 510
Exercise price
Footnotes: F1, F2, F3

BFS holding Derivative

Director Stock Option

No transaction description listed

Transaction value
Shares
Change %
Price
Shares after: 2,500
Date: 01 Oct 2025
Ownership: Direct
Underlying class: Common Stock
Underlying amount: 2,500
Exercise price: $57.74

BFS holding Derivative

Director Stock Option

No transaction description listed

Transaction value
Shares
Change %
Price
Shares after: 2,500
Date: 01 Oct 2025
Ownership: Direct
Underlying class: Common Stock
Underlying amount: 2,500
Exercise price: $59.41

BFS holding Derivative

Director Stock Option

No transaction description listed

Transaction value
Shares
Change %
Price
Shares after: 2,500
Date: 01 Oct 2025
Ownership: Direct
Underlying class: Common Stock
Underlying amount: 2,500
Exercise price: $49.46

BFS holding Derivative

Director Stock Option

No transaction description listed

Transaction value
Shares
Change %
Price
Shares after: 2,500
Date: 01 Oct 2025
Ownership: Direct
Underlying class: Common Stock
Underlying amount: 2,500
Exercise price: $55.71

BFS holding Derivative

Director Stock Option

No transaction description listed

Transaction value
Shares
Change %
Price
Shares after: 2,500
Date: 01 Oct 2025
Ownership: Direct
Underlying class: Common Stock
Underlying amount: 2,500
Exercise price: $50.00

BFS holding Derivative

Director Stock Option

No transaction description listed

Transaction value
Shares
Change %
Price
Shares after: 2,500
Date: 01 Oct 2025
Ownership: Direct
Underlying class: Common Stock
Underlying amount: 2,500
Exercise price: $43.89

BFS holding Derivative

Director Stock Option

No transaction description listed

Transaction value
Shares
Change %
Price
Shares after: 2,500
Date: 01 Oct 2025
Ownership: Direct
Underlying class: Common Stock
Underlying amount: 2,500
Exercise price: $47.90

BFS holding Derivative

Director Stock Option

No transaction description listed

Transaction value
Shares
Change %
Price
Shares after: 2,500
Date: 01 Oct 2025
Ownership: Direct
Underlying class: Common Stock
Underlying amount: 2,500
Exercise price: $33.79

^* marks a reported price that did not pass the local price check.

Additional SEC filing notes

Filing notes and footnotes

Explanation of responses 3 footnotes

Footnote F1

New phantom shares are issuable pursuant to the Issuers Deferred Compensation Plan for Directors, as amended and restated effective May 17, 2024 (the Deferred Compensation Plan), under its 2024 Stock Incentive Plan. Phantom shares issued prior to May 17, 2024, continue to be subject to the terms of the Issuers deferred compensation plan for directors in effect prior to the amendment and restatement of the Deferred Compensation Plan.

Footnote F2

The conversion of phantom shares issued on or after May 17, 2024, into shares of the Issuers common stock is governed pursuant to terms of the Issuers Deferred Compensation Plan under its 2024 Stock Plan and the reporting persons Deferred Fee Agreement. The conversion of phantom shares issued prior to May 17, 2024, into shares of the Issuers common stock is governed pursuant to the terms of the Issuers deferred compensation plan for directors in effect prior to the amendment and restatement of the Deferred Compensation Plan and the reporting persons Deferred Fee Agreement.

Footnote F3

Includes 526.084 shares awarded July 31, 2025 as dividend reinvestments on shares of phantom stock held by the reporting person pursuant to the Deferred Compensation Plan.