FRIEDMAN JOEL ALBERT

PrivateCIK: 1472420

Location

BETHESDA, MD

FRIEDMAN JOEL ALBERT (Sr. V.P./Chief Acctng Officer) received a stock award from SAUL CENTERS, INC.

Compensation award — not an open‑market transaction. Less informative as a directional signal.

A · 1 award

FRIEDMAN JOEL ALBERT

Filed: 5/13/2025ACC: 0000907254-25-000068

InsiderFRIEDMAN JOEL ALBERTCIK 1472420

→

IssuerSAUL CENTERS, INC.CIK 907254

Officer· Sr. V.P./Chief Acctng Officer

Since May 2019

+4K

Net shares

Net buyer

$0.00

Total acquired

0

Open market trades

0B · 0S

2

Total transactions

4K acquired

Non-Derivative Transactions1

Common Stock

Direct

A · Award

Shares

+2K

Price / share

—

Trade value

—

% of position

85.2%

5/9/2025

2.35K→4.35K

Total

Net shares

+2K

Net value

$0.00

Security	Date	Type	Shares	Price / Share	Trade Value	% of Position	Held Before	Held After
Common Stock Direct	5/9/2025	A · Award	+2K	—	—	85.2%	2.35K	4.35K
Total			+2K		$0.00

Derivative Transactions1

Performance Shares

Direct

A · Award

Converts to

Common Stock

2K shares

Shares

+2K

Strike price

0

Held after

2K

Exercisable

—

5/9/2025

Security	Converts To	Date	Type	Shares	Strike Price	Exercisable	Held After
Performance Shares Direct	Common Stock2K shares	5/9/2025	A · Award	+2K	0	—	2K

Non-Derivative Holdings (Post-Transaction)3

Series E Preferred Stock

Direct

Shares owned200.00

Common Stock

Indirect

Shares owned14.18K

Series D Preferred Stock

Direct

Shares owned100.00

Total

300.00 direct·14.18K indirect14.48K

Security Title	Shares Owned	Ownership Type
Series E Preferred Stock	200.00	Direct
Common Stock	14.18K	Indirect
Series D Preferred Stock	100.00	Direct
Total	14.48K	300.00 direct·14.18K indirect

Derivative Holdings (Post-Transaction)9

Employee Stock Option

Direct

Underlying security

Common Stock

Underlying shares

20K

Shares owned

20K

Exercise price

47.90

Expiration

—

Exercise window

—

Employee Stock Option

Direct

Underlying security

Common Stock

Underlying shares

10K

Shares owned

10K

Exercise price

49.46

Expiration

—

Exercise window

—

Employee Stock Option

Direct

Underlying security

Common Stock

Underlying shares

10K

Shares owned

10K

Exercise price

57.74

Expiration

—

Exercise window

—

Employee Stock Option

Direct

Underlying security

Common Stock

Underlying shares

10K

Shares owned

10K

Exercise price

59.41

Expiration

—

Exercise window

—

Employee Stock Option

Direct

Underlying security

Common Stock

Underlying shares

15K

Shares owned

15K

Exercise price

55.71

Expiration

—

Exercise window

—

Employee Stock Option

Direct

Underlying security

Common Stock

Underlying shares

20K

Shares owned

20K

Exercise price

33.79

Expiration

—

Exercise window

—

Employee Stock Option

Direct

Underlying security

Common Stock

Underlying shares

20K

Shares owned

20K

Exercise price

50

Expiration

—

Exercise window

—

Employee Stock Option

Direct

Underlying security

Common Stock

Underlying shares

20K

Shares owned

20K

Exercise price

43.89

Expiration

—

Exercise window

—

Performance Shares

Direct

Underlying security

Common Stock

Underlying shares

1.60K

Shares owned

1.60K

Exercise price

0

Expiration

—

Exercise window

—

Total

Underlying

126.60K

Owned

126.60K

Security	Underlying	Exercise Price	Exercise Window	Expiration	Underlying Shares	Shares Owned
Employee Stock Option Direct	Common Stock	47.90	—	—	20K	20K
Employee Stock Option Direct	Common Stock	49.46	—	—	10K	10K
Employee Stock Option Direct	Common Stock	57.74	—	—	10K	10K
Employee Stock Option Direct	Common Stock	59.41	—	—	10K	10K
Employee Stock Option Direct	Common Stock	55.71	—	—	15K	15K
Employee Stock Option Direct	Common Stock	33.79	—	—	20K	20K
Employee Stock Option Direct	Common Stock	50	—	—	20K	20K
Employee Stock Option Direct	Common Stock	43.89	—	—	20K	20K
Performance Shares Direct	Common Stock	0	—	—	1.60K	1.60K
Total					126.60K	126.60K

FRIEDMAN JOEL ALBERT — Insider Transaction (Form 4) Filed May 13, 2025 | Finecho