Laycock Willoughby B. 4

Accession 0000907254-24-000073

CIK 0000907254other

View on SEC.gov Company Profile

Filed

May 20, 8:00 PM ET

Accepted

May 21, 8:14 PM ET

Size

24.3 KB

Accession

0000907254-24-000073

Insider Transaction Report

Form 4

Period: 2024-05-17

SAUL CENTERS, INC.BFS

Laycock Willoughby B.

DirectorSVP-Res. Design/Mrkt Research

Transactions

Award
Common Stock
2024-05-17+500→ 2,545 total
Award
Performance Shares
2024-05-17+500→ 500 total
Exercise: $0.00From: 2029-05-17Exp: 2029-05-17→ Common Stock (500 underlying)

Holdings

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
Common Stock
(indirect: By Spouse)
319.059
Director Stock Option
Exercise: $47.90From: 2022-05-13Exp: 2032-05-13→ Common Shares (2,500 underlying)
2,500
Common Stock
(indirect: By Spouse)
323.031
Director Stock Option
Exercise: $55.71From: 2019-05-03Exp: 2029-05-03→ Common Stock (2,500 underlying)
2,500
Employee Stock Option
Exercise: $55.71From: 2019-05-03Exp: 2029-05-03→ Common Stock (5,000 underlying)
5,000
Director Stock Option
Exercise: $43.89From: 2021-05-07Exp: 2031-05-07→ 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
Director Stock Option
Exercise: $33.79From: 2023-05-12Exp: 2033-05-12→ Common Stock (2,500 underlying)
2,500
Phantom Stock
→ Common Stock (3,685.489 underlying)
3,685.489
Employee Stock Option
Exercise: $50.00From: 2020-04-24Exp: 2030-04-24→ Common Stock (10,000 underlying)
10,000

Footnotes (9)

[F1]Balance increased by January 31, 2024 Dividend Reinvestment Plan award and April 30, 2024 award totaling 10.233 shares.
[F2]Balance increased by January 31, 2024 Dividend Reinvestment Plan award and April 30, 2024 award totaling 10.107 shares.
[F3]Shares owned directly by the reporting person's spouse. The reporting person disclaims beneficial ownership of these shares.
[F4]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.
[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.
[F7]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.
[F8]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.
[F9]Balance increased by January 31, 2024 Dividend Reinvestment Plan and April 30, 2024 award totaling 116.748 shares.

Documents

1 file

4
wk-form4_1716336879.xmlPrimary
FORM 4

Issuer

SAUL CENTERS, INC.

CIK 0000907254

→

Entity typeother

Related Parties

filerCIK 0001771496

Filing Metadata

Form type: 4
Filed: May 20, 8:00 PM ET
Accepted: May 21, 8:14 PM ET
Size: 24.3 KB

View on SEC.gov