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: 5/21/2025ACC: 0000907254-25-000087

InsiderFRIEDMAN JOEL ALBERTCIK 1472420

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IssuerSAUL CENTERS, INC.CIK 907254

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

Since May 2019

+27.00

Net shares

Net buyer

$928.53

Total acquired

0

Open market trades

0B · 0S

1

Total transactions

27.00 acquired

Non-Derivative Transactions1

Common Stock

Direct

A · Award

Shares

+27.00

Price / share

$34.39

Trade value

$928.53

% of position

0.6%

5/17/2025

4.35K→4.38K

Total

Net shares

+27.00

Net value

$928.53

Security	Date	Type	Shares	Price / Share	Trade Value	% of Position	Held Before	Held After
Common Stock Direct	5/17/2025	A · Award	+27.00	$34.39	$928.53	0.6%	4.35K	4.38K
Total			+27.00		$928.53

Derivative Transactions0

No derivative transactions reported

Non-Derivative Holdings (Post-Transaction)3

Series D Preferred Stock

Direct

Shares owned100.00

Common Stock

Indirect

Shares owned14.18K

Series E Preferred Stock

Direct

Shares owned200.00

Total

300.00 direct·14.18K indirect14.48K

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

Derivative Holdings (Post-Transaction)10

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

20K

Shares owned

20K

Exercise price

43.89

Expiration

—

Exercise window

—

Performance Shares

Direct

Underlying security

Common Stock

Underlying shares

2K

Shares owned

2K

Exercise price

0

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

20K

Shares owned

20K

Exercise price

50

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

47.90

Expiration

—

Exercise window

—

Performance Shares

Direct

Underlying security

Common Stock

Underlying shares

1.60K

Shares owned

1.60K

Exercise price

0

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

10K

Shares owned

10K

Exercise price

59.41

Expiration

—

Exercise window

—

Total

Underlying

128.60K

Owned

128.60K

Security	Underlying	Exercise Price	Exercise Window	Expiration	Underlying Shares	Shares Owned
Employee Stock Option Direct	Common Stock	49.46	—	—	10K	10K
Employee Stock Option Direct	Common Stock	43.89	—	—	20K	20K
Performance Shares Direct	Common Stock	0	—	—	2K	2K
Employee Stock Option Direct	Common Stock	57.74	—	—	10K	10K
Employee Stock Option Direct	Common Stock	50	—	—	20K	20K
Employee Stock Option Direct	Common Stock	55.71	—	—	15K	15K
Employee Stock Option Direct	Common Stock	47.90	—	—	20K	20K
Performance Shares Direct	Common Stock	0	—	—	1.60K	1.60K
Employee Stock Option Direct	Common Stock	33.79	—	—	20K	20K
Employee Stock Option Direct	Common Stock	59.41	—	—	10K	10K
Total					128.60K	128.60K