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SAUL CENTERS, INC. — Director's Dealing 2025
May 21, 2025
32170_dirs_2025-05-21_9289b053-f265-4ee8-a5db-ccdf466a4cb0.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: 2025-05-17
Reporting Person: Laycock Willoughby B. (Director, SVP-Res. Design/Mrkt Research)
Non-Derivative Transactions
| Date | Security | Code | Shares | Price | A/D | Holdings After | Ownership |
|---|---|---|---|---|---|---|---|
| 2025-05-17 | Common Stock | F | 36 | $34.39 | Disposed | 4065.068 | Direct |
| 2025-05-17 | Common Stock | A | 5 | $34.39 | Acquired | 4070.068 | Direct |
Holdings (Non-Derivative)
| Security | Shares | Ownership |
|---|---|---|
| Common Stock | 249.952 | Indirect |
Holdings (Derivative)
| Security | Exercise Price | Expiration | Underlying | Shares | Ownership |
|---|---|---|---|---|---|
| Employee Stock Option | $55.71 | 2029-05-03 | Common Stock (5000) | 5000 | Direct |
| Director Stock Option | $55.71 | 2029-05-03 | Common Stock (2500) | 2500 | Direct |
| Employee Stock Option | $50 | 2030-04-24 | Common Stock (10000) | 10000 | Direct |
| Director Stock Option | $50 | 2030-04-24 | Common Stock (2500) | 2500 | Direct |
| Employee Stock Option | $43.89 | 2031-05-07 | Common Stock (10000) | 10000 | Direct |
| Director Stock Option | $43.89 | 2031-05-07 | Common Stock (2500) | 2500 | Direct |
| Employee Stock Option | $47.90 | 2032-05-13 | Common Stock (10000) | 10000 | Direct |
| Director Stock Option | $47.90 | 2032-05-13 | Common Shares (2500) | 2500 | Direct |
| Employee Stock Option | $33.79 | 2033-05-12 | Common Stock (10000) | 10000 | Direct |
| Director Stock Option | $33.79 | 2033-05-12 | Common Stock (2500) | 2500 | Direct |
| Phantom Stock | $ | Common Stock (3934.656) | 3934.656 | Direct | |
| Performance Shares | $0 | 2029-05-17 | Common Stock (400) | 400 | Direct |
| Performance Shares | $0 | 2030-05-09 | Common Stock (500) | 500 | Direct |
Footnotes
F1: Shares acquired in an exempt transaction as dividend equivalents on filers restricted stock award, which vested on May 17, 2025.
F2: The options vest 25% per year over four years from the date of grant.
F3: 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.
F4: 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.