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SAUL CENTERS, INC. — Director's Dealing 2025
May 13, 2025
32170_dirs_2025-05-13_763d9df7-2736-4715-b0b8-df36b0fee6a4.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: 2025-05-09
Reporting Person: CLANCY GEORGE PATRICK JR (Director)
Non-Derivative Transactions
| Date | Security | Code | Shares | Price | A/D | Holdings After | Ownership |
|---|---|---|---|---|---|---|---|
| 2025-05-09 | Common Stock | A | 2000 | — | Acquired | 16869 | Direct |
Holdings (Derivative)
| Security | Exercise Price | Expiration | Underlying | Shares | Ownership |
|---|---|---|---|---|---|
| Director Stock Option | $57.74 | 2026-05-06 | Common Stock (2500) | 2500 | Direct |
| Director Stock Option | $59.41 | 2027-05-05 | Common Stock (2500) | 2500 | Direct |
| Director Stock Option | $49.46 | 2028-05-11 | Common Stock (2500) | 2500 | Direct |
| Director Stock Option | $55.71 | 2029-05-03 | Common Stock (2500) | 2500 | Direct |
| Director Stock Option | $50 | 2030-04-24 | Common Stock (2500) | 2500 | Direct |
| Director Stock Option | $43.89 | 2031-05-07 | Common Stock (2500) | 2500 | Direct |
| Director Stock Option | $47.90 | 2032-05-13 | Common Stock (2500) | 2500 | Direct |
| Director Stock Option | $33.79 | 2033-05-12 | Common Stock (2500) | 2500 | Direct |
| Phantom Stock | $ | Common Stock (5286.038) | 5286.038 | Direct |
Footnotes
F1: Represents restricted shares of Common Stock. Such shares vest on the first three anniversaries of May 9, 2025 in equal annual installments, assuming continued service.
F2: 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.
F3: 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.
F4: Includes 97.628 shares awarded April 30, 2025 as dividend reinvestments on shares of phantom stock held by the reporting person pursuant to the Deferred
Compensation Plan.