Friedman Joel Albert 4
4 · SAUL CENTERS, INC. · Filed May 21, 2024
Insider Transaction Report
Form 4
Friedman Joel Albert
Exec VP, CAO & Treasurer
Transactions
- Award
Performance Shares
2024-05-17+2,000→ 2,000 totalExercise: $0.00From: 2029-05-17Exp: 2029-05-17→ Common Stock (2,000 underlying) - Award
Common Stock
2024-05-17+2,000→ 2,139.167 total
Holdings
- 10,000
Employee Stock Option
Exercise: $57.74From: 2016-05-06Exp: 2026-05-06→ Common Stock (10,000 underlying) - 10,000
Employee Stock Option
Exercise: $59.41From: 2017-05-05Exp: 2027-05-05→ Common Stock (10,000 underlying) - 20,000
Employee Stock Option
Exercise: $50.00From: 2020-04-24Exp: 2030-04-24→ Common Stock (20,000 underlying) - 20,000
Employee Stock Option
Exercise: $43.89From: 2021-05-07Exp: 2031-05-07→ Common Stock (20,000 underlying) - 200
Series E Preferred Stock
- 10,000
Employee Stock Option
Exercise: $51.07From: 2015-05-08Exp: 2025-05-08→ Common Stock (10,000 underlying) - 10,000
Employee Stock Option
Exercise: $49.46From: 2018-05-11Exp: 2028-05-11→ Common Stock (10,000 underlying) - 15,000
Employee Stock Option
Exercise: $55.71From: 2019-05-03Exp: 2029-05-03→ Common Stock (15,000 underlying) - 20,000
Employee Stock Option
Exercise: $47.90From: 2022-05-13Exp: 2032-05-13→ Common Stock (20,000 underlying) - 100
Series D Preferred Stock
- 13,153(indirect: By 401(k))
Common Stock
- 20,000
Employee Stock Option
Exercise: $33.79From: 2023-05-12Exp: 2033-05-12→ Common Stock (20,000 underlying)
Footnotes (6)
- [F1]Balance increased by July 31, 2023 Dividend Reinvestment Plan award, October 31, 2023, January 31, 2024 and April 30, 2024 award totaling 815 shares.
- [F2]Effective April 1, 2009, shares formerly held by the B.F. Saul Company Employees' Profit Sharing Reinvestment Trust were distributed to the individual 401(k) plan accounts of participants. The number of shares reported represents the reporting person's beneficial ownership interest in the Saul Centers stock fund of the 401(k) plan.
- [F3]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.
- [F4]Balance increased by July 31, 2023 Dividend Reinvestment Plan award, October 31, 2023, January 31, 2024 and April 30, 2024 award totaling 8.78 shares
- [F5]The options vest 25% per year over four years from the date of grant.
- [F6]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.