LANSDALE JAMES PAGE (President and Chief Oper. Off.) received a stock award from SAUL CENTERS, INC.

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

A · 1 award

LANSDALE JAMES PAGE

Filed: 5/16/2023ACC: 0000907254-23-000058

InsiderLANSDALE JAMES PAGECIK 1472379

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IssuerSAUL CENTERS, INC.CIK 907254

DirectorOfficer· President and Chief Oper. Off.

Since May 2019

+2.70K

Net shares

Net buyer

$0.00

Total acquired

Open market trades

0B · 0S

Total transactions

2.70K acquired

Non-Derivative Transactions1

Common Shares

Direct

A · Award

+200.00

Price / share

—

Trade value

—

% of position

3.0%

5/12/2023

6.60K→6.80K

Total

Net shares

+200.00

Net value

$0.00

Security	Date	Type	Shares	Price / Share	Trade Value	% of Position	Held Before	Held After
Common Shares Direct	5/12/2023	A · Award	+200.00	—	—	3.0%	6.60K	6.80K
Total			+200.00		$0.00

Derivative Transactions1

Director Stock Option

Direct

A · Award

Converts to

Common Stock

2.50K shares

+2.50K

Strike price

33.79

Held after

2.50K

Exercisable

—

5/12/2023

Security	Converts To	Date	Type	Shares	Strike Price	Exercisable	Held After
Director Stock Option Direct	Common Stock2.50K shares	5/12/2023	A · Award	+2.50K	33.79	—	2.50K

Non-Derivative Holdings (Post-Transaction)0

No non-derivative holdings reported

Derivative Holdings (Post-Transaction)13

Director Stock Option

Direct

Underlying security

Common Stock

Underlying shares

2.50K

Shares owned

2.50K

Exercise price

59.41

Expiration

—

Exercise window

—

Director Stock Option

Direct

Underlying security

Common Stock

Underlying shares

2.50K

Shares owned

2.50K

Exercise price

43.89

Expiration

—

Exercise window

—

Employee Stock Option

Direct

Underlying security

Common Stock

Underlying shares

30K

Shares owned

30K

Exercise price

57.74

Expiration

—

Exercise window

—

Director Stock Option

Direct

Underlying security

Common Stock

Underlying shares

2.50K

Shares owned

2.50K

Exercise price

51.07

Expiration

—

Exercise window

—

Director Stock Option

Direct

Underlying security

Common Stock

Underlying shares

2.50K

Shares owned

2.50K

Exercise price

47.9

Expiration

—

Exercise window

—

Director Stock Option

Direct

Underlying security

Common Stock

Underlying shares

2.50K

Shares owned

2.50K

Exercise price

57.74

Expiration

—

Exercise window

—

Director Stock Option

Direct

Underlying security

Common Stock

Underlying shares

2.50K

Shares owned

2.50K

Exercise price

55.71

Expiration

—

Exercise window

—

Director Stock Option

Direct

Underlying security

Common Stock

Underlying shares

2.50K

Shares owned

2.50K

Exercise price

50.0

Expiration

—

Exercise window

—

Employee Stock Option

Direct

Underlying security

Common Stock

Underlying shares

30K

Shares owned

30K

Exercise price

51.07

Expiration

—

Exercise window

—

Director Stock Option

Direct

Underlying security

Common Stock

Underlying shares

2.50K

Shares owned

2.50K

Exercise price

49.46

Expiration

—

Exercise window

—

Employee Stock Option

Direct

Underlying security

Common Stock

Underlying shares

30K

Shares owned

30K

Exercise price

55.71

Expiration

—

Exercise window

—

Employee Stock Option

Direct

Underlying security

Common Stock

Underlying shares

30K

Shares owned

30K

Exercise price

49.46

Expiration

—

Exercise window

—

Employee Stock Option

Direct

Underlying security

Common Stock

Underlying shares

30K

Shares owned

30K

Exercise price

59.41

Expiration

—

Exercise window

—

Total

Underlying

170K

Owned

170K

Security	Underlying	Exercise Price	Exercise Window	Expiration	Underlying Shares	Shares Owned
Director Stock Option Direct	Common Stock	59.41	—	—	2.50K	2.50K
Director Stock Option Direct	Common Stock	43.89	—	—	2.50K	2.50K
Employee Stock Option Direct	Common Stock	57.74	—	—	30K	30K
Director Stock Option Direct	Common Stock	51.07	—	—	2.50K	2.50K
Director Stock Option Direct	Common Stock	47.9	—	—	2.50K	2.50K
Director Stock Option Direct	Common Stock	57.74	—	—	2.50K	2.50K
Director Stock Option Direct	Common Stock	55.71	—	—	2.50K	2.50K
Director Stock Option Direct	Common Stock	50.0	—	—	2.50K	2.50K
Employee Stock Option Direct	Common Stock	51.07	—	—	30K	30K
Director Stock Option Direct	Common Stock	49.46	—	—	2.50K	2.50K
Employee Stock Option Direct	Common Stock	55.71	—	—	30K	30K
Employee Stock Option Direct	Common Stock	49.46	—	—	30K	30K
Employee Stock Option Direct	Common Stock	59.41	—	—	30K	30K
Total					170K	170K