Laycock Willoughby B. 4

4 · SAUL CENTERS, INC. · Filed Oct 4, 2023

Form 4

Period: 2023-10-02

DirectorSVP-Res. Design/Mrkt Research

Transactions

Award
Phantom Stock
2023-10-02$34.63/sh+179.035$6,200→ 3,476.737 total
→ Common Stock (179.035 underlying)

Holdings

Director Stock Option
Exercise: $47.90From: 2022-05-13Exp: 2032-05-13→ Common Stock (2,500 underlying)
2,500
Employee Stock Option
Exercise: $33.79From: 2023-05-12Exp: 2033-05-12→ Common Stock (10,000 underlying)
10,000
Common Stock
(indirect: By Spouse)
307.361
Common Stock
(indirect: By Spouse)
303.582
Common Stock
2,045
Employee Stock Option
Exercise: $55.71From: 2019-05-03Exp: 2029-05-03→ Common Stock (5,000 underlying)
5,000
Director Stock Option
Exercise: $55.71From: 2019-05-03Exp: 2029-05-03→ Common Stock (2,500 underlying)
2,500
Employee Stock Option
Exercise: $50.00From: 2020-04-24Exp: 2030-04-24→ Common Stock (10,000 underlying)
10,000
Director Stock Option
Exercise: $50.00From: 2020-04-24Exp: 2030-04-24→ Common Stock (2,500 underlying)
2,500
Employee Stock Option
Exercise: $43.89From: 2021-05-07Exp: 2031-05-07→ Common Stock (10,000 underlying)
10,000
Employee Stock Option
Exercise: $47.90From: 2022-05-13Exp: 2032-05-13→ Common Stock (10,000 underlying)
10,000
Director Stock Option
Exercise: $33.79From: 2023-05-12Exp: 2033-05-12→ Common Stock (2,500 underlying)
2,500
Director Stock Option
Exercise: $43.89From: 2021-05-07Exp: 2031-05-07→ Common Stock (2,500 underlying)
2,500

Footnotes (8)

[F1]Balance increased by July 31, 2023 Dividend Reinvestment Plan award of 4.730 shares.
[F2]Shares owned in the reporting person's spouse's 401K account. The reporting person disclaims beneficial ownership of these shares.
[F3]Balance increased by July 31, 2023 Dividend Reinvestment Plan award of 4.672 shares.
[F4]Shares owned directly by the reporting person's spouse. The reporting person disclaims beneficial ownership of these shares.
[F5]Phantom shares are issuable pursuant to the Issuer's Deferred Compensation Plan for Directors under its 2004 Stock Plan, as amended (the "Deferred Compensation Plan"). Each share of phantom stock is the economic equivalent of one share of common stock. The shares of phantom stock become payable, in cash or common stock, at the election of the reporting person, upon the reporting person's termination of service.
[F6]The conversion of the phantom stock into shares of the Issuer's common stock is governed by the Deferred Compensation Plan and the reporting person's Deferred Fee Election Agreement.
[F7]Includes 50.750 shares awarded July 31, 2023 as dividend reinvestments on shares of phantom stock held by the reporting person pursuant to the Deferred Compensation Plan.
[F8]The options vest 25% per year over four years from the date of grant.

Documents

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