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SAUL CENTERS, INC. — Director's Dealing 2024
May 22, 2024
32170_dirs_2024-05-21_f30d9f79-64ef-49db-8942-71bb14ba8f56.zip
Director's Dealing
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SEC Form 4 — Statement of Changes in Beneficial Ownership
Issuer: SAUL CENTERS, INC. (BFS)
CIK: 0000907254
Period of Report: 2024-05-17
Reporting Person: Pearson David Todd (Director, President & COO)
Non-Derivative Transactions
| Date | Security | Code | Shares | Price | A/D | Holdings After | Ownership |
|---|---|---|---|---|---|---|---|
| 2024-05-17 | Common Stock | A | 17500 | — | Acquired | 23808.48 | Direct |
Derivative Transactions
| Date | Security | Exercise Price | Code | Shares | A/D | Expiration | Underlying | Ownership |
|---|---|---|---|---|---|---|---|---|
| 2024-05-17 | Performance Shares | $0 | A | 17500 | Acquired | 2029-05-17 | Common Stock (17500) | Direct |
Holdings (Non-Derivative)
| Security | Shares | Ownership |
|---|---|---|
| Common Stock | 2133.677 | Indirect |
Holdings (Derivative)
| Security | Exercise Price | Expiration | Underlying | Shares | Ownership |
|---|---|---|---|---|---|
| Employee Stock Option | $59.41 | 2027-05-05 | Common Stock (5000) | 5000 | Direct |
| Employee Stock Option | $49.46 | 2028-05-11 | Common Stock (5000) | 5000 | Direct |
| Employee Stock Option | $55.71 | 2029-05-03 | Common Stock (7500) | 7500 | Direct |
| Employee Stock Option | $50 | 2030-04-24 | Common Stock (15000) | 15000 | Direct |
| Employee Stock Option | $43.89 | 2031-05-07 | Common Stock (25000) | 25000 | Direct |
| Employee Stock Option | $47.90 | 2032-05-13 | Common Stock (30000) | 30000 | Direct |
| Employee Stock Option | $33.79 | 2033-05-12 | Common Shares (30000) | 30000 | Direct |
| Director Stock Option | $33.79 | 2033-05-12 | Common Stock (2500) | 2500 | Direct |
Footnotes
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.