David Todd Pearson - May 17, 2024 Form 4 Insider Report for SAUL CENTERS, INC. (BFS)

Role
President & COO, Director
Signature
/s/ Carlos L. Heard, by Power of Attorney
Stock symbol
BFS
Transactions as of
May 17, 2024
Transactions value $
$0
Form type
4
Date filed
5/21/2024, 08:12 PM
Previous filing
Mar 19, 2024

Transactions Table

Type Sym Class Transaction Value $ Shares Change % * Price $ Shares After Date Ownership Footnotes
transaction BFS Common Stock Award $0 +17.5K +277.4% $0.00 23.8K May 17, 2024 Direct F2, F3
holding BFS Common Stock 2.13K May 17, 2024 Spouse IRA 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
transaction BFS Performance Shares Award $0 +17.5K $0.00 17.5K May 17, 2024 Common Stock 17.5K $0.00 Direct F5
holding BFS Employee Stock Option 5K May 17, 2024 Common Stock 5K $59.41 Direct F4
holding BFS Employee Stock Option 5K May 17, 2024 Common Stock 5K $49.46 Direct F4
holding BFS Employee Stock Option 7.5K May 17, 2024 Common Stock 7.5K $55.71 Direct F4
holding BFS Employee Stock Option 15K May 17, 2024 Common Stock 15K $50.00 Direct F4
holding BFS Employee Stock Option 25K May 17, 2024 Common Stock 25K $43.89 Direct F4
holding BFS Employee Stock Option 30K May 17, 2024 Common Stock 30K $47.90 Direct F4
holding BFS Employee Stock Option 30K May 17, 2024 Common Shares 30K $33.79 Direct F4
holding BFS Director Stock Option 2.5K May 17, 2024 Common Stock 2.5K $33.79 Direct
* An asterisk sign (*) next to the price indicates that the price is likely invalid.

Explanation of Responses:

Id Content
F1 Balance increased by April 30, 2024 Dividend Reinvestment Plan award of 35.26 shares.
F2 Represents restricted shares of Common Stock. Such shares vest on the first five anniversaries of May 17, 2024 in equal annual installments, assuming continued employment.
F3 Balance increased by April 30, 2024 Dividend Reinvestment Plan award of 104.26 shares.
F4 The options vest 25% per year over four years from the date of grant.
F5 The performance share award provides for the grant of restricted shares of Common Stock on each of the five anniversaries of May 17, 2024 in equal annual installments. The number of restricted shares of such grant that vest, if any, is (i) subject to cliff-vesting on May 17, 2029, and (2) achievement of performance criteria relating to the Companys target Funds from Operations available to common stockholders and noncontrolling interests (FFO) measured against an FFO amount included in the budget established by the Board of Directors annually prior to the start of such calendar year.

Remarks:

Previous beneficial ownership reports filed pursuant to Section 16(a) by the reporting person referred to the Issuer's Common Stock, par value $0.01 per share as "Common Shares." Going forward, such shares will be referred to as "Common Stock."